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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!

Crispy Vegan Lemon Tofu Recipe

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I love me some tofu. Yep, vegan stereotype or not, I just love the stuff and it’s one of my favourite foods to play with in the kitchen as it has endless possibilities of what it can do. Tofu, you are one mighty fine food.


Here some tips to make crispy vegan lemon tofu :

  • The tofu is marinated in a simple lemon garlic sauce, and you can have it sitting in your fridge for up to three days! Meaning deliciously lemony tofu is waiting for your hunger to strike. The longer you leave it, the more awesome it becomes. Make ahead easiness, check.
  • You can decide whether to bake or fry the crispy vegan lemon tofu. Meaning you get to choose how healthy you want to be for this particular meal. Both ways come out crispy and delicious. Healthiness option, check.
  • Not only is the tofu marinated in lemon garlic sauce, but it is dredged in flour and then dipped back into the lemon marinade to infuse it with maximum lemon garlicky goodness! Who needs eggs for a breaded coating when you can double infuse with flavour instead? Then coat it in seasoned panko for maximum crunch. Vegan recipe for the win, check!
And there you have it crispy vegan lemon tofu. Crunchy on the outside, lemon garlic on the inside. Serve with a side of mashed potatoes, and a green salad or cooked green like asparagus or broccoli. Yum!


Crispy Vegan Lemon Tofu Recipe
Marinate the tofu in a lemon garlic sauce for up to three days for an easy make ahead meal. Then bake or fry in a crispy panko coating. 


Ingredients
For the lemon marinated tofu
  • 2 lemons, zested and juiced
  • 1/4 cup water
  • 3 cloves garlic, minced
  • 2 teaspoons agave or maple syrup
  • 1/4 teaspoon salt
  • 1/4 teaspoon black pepper
  • 1 block extra-firm or firm tofu, drained, pressed, and sliced into 8 pieces (see notes)
For the panko coating:
  • 1/3 cup flour
  • 1/2 cup panko crumbs
  • 2 tablespoons nutritional yeast
  • 1/2 teaspoon dried parsley
  • 1/4 teaspoon garlic powder
Instructions
  1. Marinate the tofu: In a large resealable bag or medium dish, mix together all of the marinade ingredients. Add in the slices of tofu and toss lightly to coat. Seal or cover and put in the fridge to marinate for a minimum of 30 minutes, but you can let marinate in the fridge for up to 3 days.
  2. Panko coat the tofu: Take three small bowls. Add the flour to one. Pour off the leftover lemon marinade into the second, leaving the tofu behind. Mix together the panko, nutritional yeast, dried parsley, and garlic powder in the third.
  3. Take a slice of the marinated tofu and toss it into the flour to coat, then dip the tofu into the leftover marinate, and finally coat in the panko mixture. Repeat with all the tofu slices. You can bake or fry the tofu depending on your preference.
  4. To bake the tofu: Preheat your oven to 400F (200C). Line a baking sheet with parchment paper. Lay the panko coated tofu in a single layer and bake for 18 to 23 minutes until lightly golden.
  5. To fry the tofu: heat a large skillet over medium-high heat with enough oil to coat the bottom of the pan. When hot, carefully fry the tofu pieces until they are golden brown on both sides, and heated through. About 3 to 6 minutes per side. The panko coating can be a little fragile and falls off easily, so I found the best technique was to use a large spatula (and not tongs) for flipping. Just be gentle when handling the tofu.

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