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!

Five spice crispy duck with sticky plums

Got a craving for Chinese food but wish to gourmet it up a notch? This deliciously flavoured crispy duck is begging to be shared with hungry friends. Our version, made with a beautiful crispy five-spice exterior and chilli-soy, sticky-glazed plums, is one we hope you’ll make plans to stay in for.






Ingredients:

For the duck
1 whole duck
1 Tbsp salt, to rub
2 Tbsp Chinese five spice
½ tsp Sichuan peppercorns, crushed
125ml chicken stock
For the plum sauce
400g fresh plums, halved, stoned and cut into chunks
2 Tbsp brown sugar
Pinch of five spice
½ tsp chilli powder
2 Tbsp soy sauce
125ml chicken or veg stock
For the homemade five spice mix
2 star anise pieces
2  whole cinnamon quills
1 tsp fennel seeds
1 tsp cloves
2 tsp Szechuan peppercorns

Method:

1. First, if you’re not using store-bought five-spice mix, you’ll need to make your mix. Toast the anise, cinnamon, fennel, cloves and peppercorns for a few minutes, until fragrant.
2. Pour all the spices into a spice or coffee grinder or pestle and mortar, and blend to form a powder.
3. Next rub the duck with salt, five-spice and peppercorns inside as well as outside of the cavity. Allow the duck to stand in the fridge for anything from 30 mins to 3 hours (the longer you leave it, the deeper the flavour infusion will be – the salt also tenderises the duck meat so more time is good but 30 minutes yields a good outcome).
4. Preheat the oven to 170°C.
5. Now place the bird on a roasting tray and rub the spices into the meat once again, then pop in the oven and cook for 1.5 hours. When it’s done, remove from the oven and add the chicken stock to the pan. Return to the oven for another 30–40 minutes.
6. Now to get started on your plum sauce, place the plums in a saucepan with the sugar, five spice, chilli powder, soy sauce and stock (your choice of chicken or veg).
7. Cook for 10–15 minutes until soft and stewed.




source : click here

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