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!


Slow Cooker Asian Sweet Chili Sesame Chicken knocks the socks off of traditional Sesame Chicken with the additional depth of sweet and spicy Asian Sweet Chili Sauce AND  all you have to do is add the ingredients to your slow cooker and dinner is served!

This little counter cooker allows you to beat the summer heat by adding all your ingredients then walking away as your home fills with the enticing aroma – and in this case  – the sweet and spicy aroma of Sweet Chili Sesame Chicken.  Its a beautiful thing.

This sesame chicken is infused with Asian yumminess from swimming in a sauce of  – you guessed it – Asian sweet chili sauce, toasted sesame oil, soy sauce, ketchup, hoisin sauce (like Asian BBQ Sauce), brown sugar, garlic, onion and ginger.

Asian Sweet Chili Sesame Chicken Recipe
Slow Cooker Asian Sweet Chili Sesame Chicken knocks the socks off of traditional Sesame Chicken with the additional depth of sweet and spicy Asian Sweet Chili Sauce AND  all you have to do is add the ingredients to your slow cooker and dinner is served!

  • 2 pounds chicken breasts (thawed)*
  • 1 1/2 tablespoons cornstarch
  • 1/4 cup water
  • sriracha to taste (optional)
  • Sweet Chili Sesame Sauce
  • 2-4 tablespoons Asian sweet chili sauce (I use Mae Ploy)
  • 1/3 cup low sodium soy sauce
  • 1/3 cup ketchup
  • 1/3 cup packed brown sugar
  • 2 tablespoons quality hoisin sauce (like Lee Kum Kee or Kikkkoman)***
  • 2 tablespoons rice wine vinegar
  • 1 tablespoon toasted sesame oil
  • 1 1/2 teaspoons garlic powder or 3-4 garlic cloves minced
  • 1/2 teaspoon onion powder
  • 1/2 teaspoon ginger powder or 2 teaspoons freshly grated ginger
  • 1 teaspoon salt
  • 1/4 teaspoon pepper
For Garnishes
  • toasted sesame seeds
  • chopped green onions
  1. Add chicken to the bottom of your crockpot.
  2. Whisk the Sweet Chili Sesame Sauce ingredients together in a medium bowl. Pour over chicken.
  3. Cook on low for 5-7 hours or on high for 3-4 hours.
  4. Shred chicken and add 1 1/2 tablespoons cornstarch mixed with 1/4 cup water to the crockpot. Stir contents around. Cook on high for 20-30 minutes until sauce thickens. Taste and add Sriracha for spicier, brown sugar for sweeter if desired.
  5. Serve with rice and garnish with sesame seeds and green onions.
*You can use frozen chicken breasts but just be aware that they will release more water so you will need to increase the cornstarch in order to thicken the liquid at the end.
**If you don't like heat at all, start with 2 tablespoons Asian Sweet Chili Sauce. You can always add more at the end of cooking.

***Hoisin sauce can be found in the Asian section of your grocery store.

Recipe Adapted : ASIAN SWEET CHILI SESAME CHICKEN @ carlsbadcravings


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