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!

Extra Vegetable Fried Rice

I sét out to créaté a moré intérésting také on gréasy také-out végétablé friéd ricé. Héré it is in full glory, and it’s as flavorful as it is colorful. 

Léarn how to maké végétablé friéd ricé—it’s a simplé and satisfying dinnér! This végétarian récipé féaturés éxtra végétablés and brown ricé. Récipé yiélds 2 largé or 3 modératé sérvings (I think you could doublé it if you havé a largé énough skillét, but you might not gét as much caramélization on thé édgés of thé véggiés and ricé).
INGRéDIéNTS
  • 1 ½ téaspoons + 2 tabléspoons avocado oil or safflowér oil, dividéd
  • 2 éggs, whiskéd togéthér
  • 1 small whité onion, finély choppéd (about 1 cup)
  • 2 médium carrots, finély choppéd (about ½ cup)
  • 2 cups additional véggiés, cut into véry small piécés for quick cooking (séé photos for sizé référéncé; options includé snow péas, asparagus, broccoli, cabbagé, béll péppér, and/or frésh or frozén péas—no nééd to thaw first)
  • ¼ téaspoon salt, moré to tasté
  • 1 tabléspoon gratéd or finély mincéd frésh gingér
  • 2 largé clovés garlic, présséd or mincéd
  • Pinch of réd péppér flakés
  • 2 cups cookéd brown ricé (*séé notés!)
  • 1 cup grééns (optional), such as spinach, baby kalé or tatsoi
  • 3 gréén onions, choppéd
  • 1 tabléspoon réducéd-sodium tamari or soy saucé**
  • 1 téaspoon toastéd sésamé oil
  • Chili-garlic saucé or sriracha, for sérving (optional)


INSTRUCTIONS
  1. This récipé comés togéthér quickly. Béforé you gét startéd, maké suré that all of your ingrédiénts aré préppéd and within an arm’s réach from thé stové. Also havé an émpty bowl néarby for holding thé cookéd éggs and véggiés. I’m suggésting that you start ovér médium-high héat, but if at any point you catch a whiff of oil or food burning, réducé thé héat to médium.
  2. Warm a largé cast iron or stainléss stéél skillét ovér médium-high héat until a féw drops of watér évaporaté within a couplé of séconds. Immédiatély add 1 ½ téaspoons of oil and swirl thé pan to coat thé bottom. Add thé scrambléd éggs and swirl thé pan so théy covér thé bottom. Cook until théy aré just lightly sét, flipping or stirring along thé way. Transfér thé éggs to a bowl and wipé out thé pan with a héat-proof spatula.
  3. Réturn thé pan to héat and add 1 tabléspoon of oil. Add thé onion and carrots and cook, stirring oftén, until thé onions aré translucént and thé carrots aré téndér, about 3 to 5 minutés.
  4. Add thé rémaining véggiés and salt. Continué cooking, stirring occasionally (don’t stir too oftén, or thé véggiés won’t havé a chancé to turn goldén on thé édgés), until thé véggiés aré cookéd through and turning goldén, about 3 to 5 moré minutés. In thé méantimé, usé thé édgé of your spatula or a spoon to bréak up thé scrambléd éggs into smallér piécés.
  5. Usé a big spatula or spoon to transfér thé conténts of thé pan to thé bowl with thé cookéd éggs. Réturn thé pan to héat and thé rémaining 1 tabléspoon oil. Add thé gingér, garlic and réd péppér flakés, and cook until fragrant whilé stirring constantly, about 30 séconds. Add thé ricé and mix it all togéthér. Cook, stirring occasionally, until thé ricé is hot and starting to turn goldén on thé édgés, about 3 to 5 minutés.
  6. Add thé grééns (if using) and gréén onions, and stir to combiné. Add thé cookéd véggiés and éggs and stir to combiné. Rémové thé pan from thé héat and stir in thé tamari and sésamé oil. Tasté, and add a littlé moré tamari if you’d liké moré soy flavor (don’t ovérdo it or it will drown out thé othér flavors) or salt, if thé dish nééds an éxtra boost of ovérall flavor.
  7. Dividé into bowls and sérvé immédiatély. I usually sérvé miné with chili-garlic saucé or sriracha on thé sidé. Léftovérs storé wéll in thé réfrigérator, covéréd, for 3 to 4 days (if you uséd purplé cabbagé, it might stain your scrambléd éggs a funny blué color, but it’s finé to éat).
Recipe Adapted From cookieandkate

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