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!

Gai Pad Prik Gaeng Recipe



If you love the flavor of the curry, but the stir fry cooking method, you’ll love this Thai recipe.
Along with chicken stir fried with holy basil, chicken stir fried in red curry paste, known as gai pad prik gaeng (ไก่ผัดพริกแกง) in Thai, is one of my favorite quick and easy Thai street food dishes.
The best thing about this dish is that it’s available at nearly every single Thai stir fry street food restaurant, and while it’s excellent on the streets, it’s even better when you make it at home using freshly made red curry paste.
This gai pad prik gaeng recipe (ไก่ผัดพริกแกง) is really easy to make, as long as you already have some Thai red curry paste (เครื่องแกงเผ็ด) available.
The Thai red curry paste forms the base of flavor for this gai pad prik gaeng (chicken fried with red curry paste ไก่ผัดพริกแกง).






Ingredients

·    300 grams , or about 1.5 chicken breasts
·    3 strands of Chinese long beans (or about ⅓ cup of chopped string beans)
·    3 – 5 kaffir lime leaves
·    3 tablespoons Thai red curry paste (recipe here), or alternatively packaged red curry paste, but it won’t be as good.
·    1 teaspoon fish sauce
·    ½ teaspoon sugar
·    1 tablespoon oil for frying

Instructions

1.    The first thing you need to do is take your chicken and slice it into small bite sized pieces. I like to cut it quite fine so there’s more surface area for flavor, and so it cooks quicker.
2.    Cut the Chinese long beans (or green beans) into 1 inch pieces.
3.    Once your chicken and long beans are cut, go ahead and light your stove on low heat and add in 1 tablespoon of oil. You really need to use about 1 tablespoon of oil, if you use less, the curry paste will burn and stick to the pan.
4.    No need to wait until your oil is hot, just toss in about 3 tablespoons of red curry paste into the oil and start stir frying it in the oil. Let it sizzle for about 20 – 30 seconds on low heat, and it should really be fragrant (you might even cough from the frying chilies!).
5.    Next add your chicken, turn up the heat to high, and start stir frying constantly, fully mixing the chicken with the curry sauce.
6.    Quickly season with 1 teaspoon of fish sauce (give your curry paste a test to see how salty it already is, from the package it might be saltier than the homemade version), and ½ teaspoon sugar.
7.    Stir fry constantly, and at this point if it’s getting dry, add a couple tablespoons of water.
8.    Keep stir frying the chicken on high heat for about 2 minutes until the chicken is fully cooked.
9.    When the chicken is fully cooked, add the sliced long beans, and then break in about 3 – 5 kaffir limes leaves.
10.  Stir fry for just 30 seconds and then turn off the heat. You want the long beans to still be nice and crisp.
11.  Dish your gai pad prik gaeng (ไก่ผัดพริกแกง) out onto a plate and serve with freshly steamed rice.





source : click here









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