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!

Savoury Lentil Vol-au-Vent with Ginger Applesauce

These are officially my new favourite appetizer for the holiday season.  Or, make the vol-au-vent bigger and you have your entrée.  The lentil filling is amazing, so don't worry if you have leftovers.  I use it as a sandwich filling. 

INGREDIENTS
Vol-au-Vent
- 1 lb (i.e. one recipe) puff pastry

Savoury Lentil Filling
- 3 cups water
- 1/2 cup red lentils
- 2 tbsp oil
- 2 shallots, finely diced
- 1 clove garlic, minced
- 1/4 cup finely diced celery
- 1/4 cup finely grated carrot
- 1/2 cup finely diced mushrooms
- 1/2 cup finely diced cooking apple
- 3/4 tsp ground fennel seeds
- 1 tsp ground sage
- large pinch of cinnamon
- pinch of nutmeg
- 1/2 tsp light soy sauce
- 3/4 cup vegetable stock, divided
- salt and pepper to taste

Ginger Applesauce
- 1 tbsp margarine
- 1/2 tsp minced fresh ginger
- 1/2 tsp lemon juice
- 1.5 cups small diced cooking apple
- 1 tbsp sugar

METHOD
Vol-au-Vent
Makes 8-12, depending on size.
These aren't hard to make, but they take a little skill.  The key here is to roll out the pastry evenly, and to keep the size of your cutter in mind so you don't waste and pastry (i.e. if your pastry is 3.5 times the width of your cutter, you will waste pastry).  You can't re-roll the scraps like you can with with pie pastry.

Don't cut out too much of the middle or the sides will sag, 
as you see here.  Still tasty, though!

Preheat oven to 425 degrees
1. Roll the chilled dough out 1/4" thick on a lightly floured surface.  Cut out as many shapes as you can (you want an even number).  Cut out the centres from half of them.  These will be the tops.
These are the cutters I used

2. Place the bottoms on a baking sheet lined with parchment paper.  Lightly brush with soy milk. making sure you get all the way to the edges. Prick the bottoms several times with a fork.
3. Place the tops on the bottoms and gently press them down so that the two layers adhere.  Gently brush the tops with soy milk.

4. Bake for 20 mins, then reduce heat to 350, rotate pan, and bake for 8-10 mins, until golden all over.
5. Remove pastry to a cooling rack.  While pastry is still warm, scrape the pastry out of the middle with a fork.  Let fully cool before filling.

(So, what do you do with the pastry scraps?  I bake them for 20 mins at 425, then toss in cinnamon and sugar while still warm.)

Savoury Lentil Filling
1. Bring the 3 cups of water to a boil.  Add lentils, reduce heat to med-hi, and boil for 5-6 mins, until lentils soften and begin to expand.  They will be whitish around the edges but still have red centres.   Drain and set aside.
2. While lentils are cooking, heat oil in a frying pan over medium heat.  Gently sauté shallots, garlic, and celery for 5-7 mins, until golden and translucent. 
3. Add carrot, mushrooms, and apple.  Cook for about 5 mins, until mushrooms begin to release their water and the apples begin to soften. 
4. Add fennel, sage, cinnamon, and nutmeg.  Cook for 1 min, until fragrant.
5. Add soy sauce and 1/4 of the vegetable stock.  Cook until liquid reduces down.
6. Add drained lentils, and the remaining 1/2 cup of stock.  Mix well, then cook, uncovered, for about 10 mins, until liquid has almost all reduced, apples are cooked, and lentil are soft but not cooked into a paste.  Stir regularly. Season to taste.  Add more veg stock if you need more cooking time.  Don't dry out the mixture too much.
7. Fill vol-au-vent while mixture is still warm.  Top with ginger applesauce and serve.

Ginger Applesauce
1. Melt margarine over medium heat and sauté ginger for 1 min. 
2. Add the rest of the ingredients and bring to bubbling.  Reduce heat to med-lo, cover, and cook for about 10 mins, stirring regularly, until apples are soft but still hold their shape. 




more recipes @ vegandad.blogspot.com

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