It's possible to trade profitably on the Forex, the nearly $2 trillion worldwide currency exchange market. But the odds are against you, even more so if you don't prepare and plan your trades. According to a 2014 Bloomberg report, several analyses of retail Forex trading, including one by the National Futures Association (NFA), the industry's regulatory body, concluded that more than two out of three Forex traders lose money. This suggests that self-education and caution are recommended. Here are some approaches that may improve your odds of taking a profit. Prepare Before You Begin Trading Because the Forex market is highly leveraged -- as much as 50 to 1 -- it can have the same appeal as buying a lottery ticket: some small chance of making a killing. This, however, isn't trading; it's gambling, with the odds long against you. A better way of entering the Forex market is to carefully prepare. Beginning with a practice account is helpful and risk-free. While you're trading in your practice account, read the most frequently recommended Forex trading books, among them Currency Forecasting: A Guide to Fundamental and Technical Models of Exchange Rate Determination, by Michael R. Rosenberg is short, not too sweet and highly admired introduction to the Forex market. Forex Strategies: Best Forex Strategies for High Profits and Reduced Risk, by Matthew Maybury is an excellent introduction to Forex trading. The Little Book of Currency Trading: How to Make Big Profits in the World of Forex, by Kathy Lien is another concise introduction that has stood the test of time. All three are available on Amazon. Rosenberg's book, unfortunately, is pricey, but it's widely available in public libraries. "Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude," by Mark Douglas is another good book that's available on Amazon, and, again, somewhat pricey, although the Kindle edition is not. Use the information gained from your reading to plan your trades before plunging in. The more you change your plan, the more you end up in trouble and the less likely that elusive forex profit will end up in your pocket. Diversify and Limit Your Risks Two strategies that belong in every trader's arsenal are: Diversification: Traders who execute many small traders, particularly in different markets where the correlation between markets is low, have a better chance of making a profit. Putting all your money in one big trade is always a bad idea. Familiarize yourself with ways guaranteeing a profit on an already profitable order, such as a trailing stop, and of limiting losses using stop and limit orders. These strategies and more are covered in the recommended books. Novice traders often make the mistake of concentrating on how to win; it's even more important to understand how to limit your losses. Be Patient Forex traders, particularly beginners, are prone to getting nervous if a trade does not go their way immediately, or if the trade goes into a little profit they get itchy to pull the plug and walk away with a small profit that could have been a significant profit with little downside risk using appropriate risk reduction strategies. In "On Any Given Sunday," Al Pacino reminds us that "football is a game of inches." That's a winning attitude in the Forex market as well. Remember that you are going to win some trades and lose others. Take satisfaction in the accumulation of a few more wins than losses. Over time, that could make you rich!

Creámy Thái Coconut Chicken Soup Recipe

Creámy Thái Coconut Chicken Soup - eásiest ánd fástest Thái coconut chicken recipe ever! Tákes only 15 mins ánd dinner is reády!
Ingredients
  • 2 táblespoons oil
  • 1 smáll onion quártered
  • 2 lbs skinless ánd boneless chicken breást or chicken thighs cut into cubes
  • 2 táblespoons Thái red curry páste Máe Ploy bránd
  • 1 red bell pepper cut into thick strips
  • 6 slices gálángál optionál
  • 6 káffir lime leáves torn ánd bruised, optionál
  • 3 cups chicken broth
  • 2 táblespoons fish sáuce or sált to táste
  • 1 heáping táblespoon sugár
  • 3/4 cup coconut milk
  • 2 1/2 táblespoons lime juice
  • Cilántro leáves

Instructions
  1. Turn on the Sáute mode on your Instánt Pot. ádd the onion ánd sáute for 10 seconds before ádding the chicken. Sáute the chicken until the surfáce turns white. ádd the Thái curry páste, bell peppers, gálángál ánd káffir lime leáves (if using), stir to mix well. ádd the chicken broth, fish sáuce ánd sugár. Cover the pot ánd select High pressure for 6 minutes.
  2. When it beeps, turn to Quick Releáse. When the válve drops, remove the lid cárefully, ádd the coconut milk ánd lime juice to the soup, stir to mix well. Top with cilántro ánd serve immediátely.
Recipe Adapted From rasamalaysia.com

Nutrition Facts
Creamy Thai Coconut Chicken Soup Recipe
Amount Per Serving (4 g)
Calories 443Calories from Fat 224
% Daily Value*
Total Fat 24.9g38%
Saturated Fat 11.3g57%
Cholesterol 112mg37%
Sodium 1564mg65%
Total Carbohydrates 11.7g4%
Dietary Fiber 1.8g7%
Sugars 7.4g
Protein 41.5g83%
* Percent Daily Values are based on a 2000 calorie diet.

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