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!

JAPANESE OMURICE RECIPE

Pulling phonetically from the two main parts of the dish, omurice (or more accurately OMU-RAISU – オムライス)  is exactly what it sounds like. ‘Omu’ from omelette, and ‘raisu’: rice. And like the name implies, the dish is a very simple mash-up: tomato flavored fried rice wrapped in a super fluffy omelette and (usually) topped with ketchup



This Omurice Recipe is Japanese comfort food at its best! Ketchup flavored fried rice packed with veggies and served inside a fluffy omelette – it’s delicious! 20 minutes from start to finish.



Omurice is one of those delicious standby recipes that is just so darn easy to make. Even in an ingredients pinch, it works with just about anything!

JAPANESE OMURICE RECIPE
This Omurice Recipe is Japanese comfort food at its best! Ketchup flavored fried rice packed with veggies and served inside a fluffy omelette – it’s delicious! 20 minutes from start to finish.



INGREDIENTS
  • 3 tablespoons ketchup
  • 2 tablespoons chicken stock, vegetable stock or water
  • 1 tablespoon vegetable oil
  • 6 button mushrooms (chopped)
  • 1/4 cup onions (finely chopped)
  • 1 small carrot (diced)
  • 1/4 cup frozen peas (thawed)
  • 2 cups cooked short grain Japanese rice
  • salt and pepper (to taste)
FOR THE OMELETTE:
  • 4 large eggs
  • 2 tablespoons water
  • 1 tablespoon vegetable oil
INSTRUCTIONS
  1. Whisk ketchup and stock in a bowl and set aside.
  2. In a deep skillet over medium/high heat, add oil and mushrooms. Cook for 4-5 minutes, or until the water from the mushrooms has evaporated.
  3. Add onions, carrots and peas and cook for 3 minutes, or until carrots are tender but still yield a soft crunch.
  4. Add rice and break it up using a plastic or wooden paddle. Mix well and add ketchup mixture. Mix well until the rice is evenly colored. Turn the heat to the lowest temperature and season with a little salt and pepper.
MAKING THE OMELETTES:
  1. In a separate mixing bowl, whisk 2 eggs and 1 tablespoon water.
  2. In a frying pan over high heat, add vegetable oil and swirl to evenly coat the bottom. When the oil is hot, add the egg mixture and swirl around to create a round omelette. When the omelette is mostly cooked (slightly runny top), lower the heat to low.
  3. Add half of the rice mixture in the center of the omelette and gently fold each side toward the center. It doesn’t have to entirely cover the rice, just enough that you can fold a little of the omelet over the rice. Place a plate on top of the pan (make sure it’s touching the pan, flat) and quickly flip the pan so the omelette falls onto the plate. Top with a zig zag ketchup pattern and serve.
  4. Repeat the same step for the second omurice omelette.
Recipe Adapted : OMURICE – オムライス @ pickledplum

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