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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!

Crunchy Balloon Bread

, Edit


I’m so excited to introduce today’s recipe to you! It’s gonggal-ppang, a cookie-like bread that’s puffed up like a crunchy, crusty, hollow balloon, with a coating of melted sweet syrup inside.
This balloon bread was created by Chinese immigrants in Korea. I was told that the bread was originally called “air-bread” among Chinese but when it came to Korea, it was named as gonggal-ppang. Gong-gal (pronounced gong-gahl) means “fake” or “lie” in Korean. So whoever named the bread must have been a little frustrated to find out this big piece of bread was actually hollow inside! Or maybe he or she was just giving it a funny name.

Ingredients

Makes 4
For dough:
·     ⅓ cup water
·     1 teaspoon sugar
·     1 teaspoon dry yeast
·     1 pinch of salt
·     2 tablespoons vegetable or corn oil
·     1 cup of all purpose flour
·     1 teaspoon black sesame seeds (optional)
·     1 to 2 tablespoons flour for dusting
For filling:
·     3 tablespoons brown sugar
·     1 teaspoon sesame seeds
·     1 teaspoon cinnamon powder

Directions

Prepare the dough and filling
1.   Make the filling by mixing the sugar, sesame seeds, and cinnamon powder in a bowl. Set aside.
2.   Start the dough by combining water, sugar, dry yeast, salt, and vegetable oil in a bowl. Mix well with a wooden spoon.
3.   Add the flour and mix it well with the wooden spoon.
4.   Knead the dough by hand for about 2 minutes, until it’s smooth. Let it sit for an hour, covered.
5.   Uncover the dough and knead it another minute until it’s very smooth and soft.
6.   Divide the dough into 4 equal size balls. Roll each into a nice smooth ball on the cutting board.
7.   Cover the 4 balls with plastic wrap to prevent them from getting dried out while you work.
Make the bread
1.   Put a non-stick baking pan into the oven and preheat the broiler.
2.   Sprinkle some flour on the cutting board. Take one ball and roll it out with a rolling pin into a 4 inch disk. Add ¼ of the filling in the center.
3.   Lift up the right and left edges of the disc, bring them together, and pinch and seal them together. Then bring the top and bottom edges together too, to make a kind of dumpling.
4.   Gently flatten and roll the disc out with your rolling pin, little by little, so as not to break it. Sprinkle some flour as needed so the dough, cutting board, and rolling pin don’t stick together.
5.   Turn it over and roll it out carefully into a 5½ to 6 inch disk.
6.   Repeat with the rest of the dough balls.
Bake the bread
1.   Your oven and the pan inside will be very hot. Change the oven setting from broil to bake. Put each bread disk on the heated pan in the oven.
2.   Set the oven temperature to 350° F and bake it for 15 minutes.
3.   Check out the color and crunchiness of the bread. If you want it darker and crispier, broil them for 1 minute more.
Let them cool down a bit and serve and eat. You can also freeze them up to 1 month



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