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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!

KUNG PAO SHRIMP

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This recipe for 'Kung Pao Shrimp' is chock full of veggies and peanuts and is coked a savory yet spicy sauce, make your own take out in just 20 minutes !!


I hope you all like Chinese food as much as we do, I’ve been on a stir frying roll lately! This Kung Pao shrimp is so very easy to make, I can have it on the table in 20 minutes flat! I added lots of veggies for color and crunch, and the sauce is spicy enough to add a little kick, but not so hot that you’ll be reaching for a glass of water.



Can I just tell you how delicious this Kung Pao shrimp is? Since there’s plenty of veggies already in the mix, simply steam up some rice and dinner is served!

KUNG PAO SHRIMP RECIPE
This recipe for Kung Pao shrimp is veggies, peanuts and plenty of shrimp, cooked in a savory and spicy sauce. Make your own take out in just 20 minutes!



Ingredients

For the stir fry:

  • 1 tablespoon vegetable oil
  • 1 pound large shrimp peeled and deveined
  • 1 red bell pepper cut into 1 inch pieces
  • 1 green bell pepper cut into 1 inch pieces
  • 1/2 cup yellow onion cut into 1/2 inch pieces
  • 1 teaspoon minced garlic
  • 4-6 dried red chilies seeded and cut in half (you can use more or less chilies to adjust the heat level to your preference)
  • 1/2 cup roasted unsalted peanuts
  • salt and pepper to taste

For the sauce:

  • 2 tablespoons soy sauce
  • 1 tablespoon hoisin sauce
  • 2 teaspoons sesame oil
  • 2 teaspoons sugar
  • 2 teaspoons cornstarch
  • 2 tablespoons water

Instructions

  1. Heat the oil in a large pan over high heat. Add the onion and cook for 2-3 minutes or until just softened. Add the red and green bell pepper and cook for 3-4 minutes or until tender. Season with salt and pepper to taste. Add the garlic and cook for 30 seconds.
  2. Add the shrimp to the pan and cook for 3-4 minutes, or until shrimp are pink and opaque. Add the chilies and peanuts to the pan.
  3. While the shrimp and vegetables are cooking, make the sauce. Whisk together all of the sauce ingredients in a small bowl.
  4. Add the sauce to the shrimp mixture and bring to a boil; cook for 30 seconds to 1 minute, or until sauce is just thickened. Serve immediately

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