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!

Mongolian Beef Ramen

Mongolian Beef Ramen. Just like Mongolian Beef but with Ramen Noodles! Ready in less than 30 minutes.


This ramen is ridiculously good. Tender, juicy steak in a sweet and tangy sauce and tossed with ramen noodles.


It’s super easy to make this dish and it’s ready in less than 30 minutes! The beef get’s tossed in cornstarch which helps to thicken up the sauce and keeps the meat juicy and tender.

And the sauce is made up of kitchen staples: garlic, ginger, soy sauce, water and brown sugar. Simmered together in a skillet and tossed with the beef before serving.

MONGOLIAN BEEF RAMEN RECIPE
Mongolian Beef Ramen. Just like Mongolian Beef but with Ramen Noodles! Ready in less than 30 minutes.



INGREDIENTS

  • 1 pound flank steak, sliced against the grain and cut into ¼ inch cubes
  • ⅛ cup cornstarch
  • ½ tablespoon sesame oil
  • ½ tablespoon canola or vegetable oil
  • 3 cloves garlic, minced
  • 1 teaspoon ginger, minced
  • ½ cup low sodium soy sauce
  • ½ cup water
  • ¾ cup light or dark brown sugar
  • oil for frying
  • 10 ounce package dry ramen noodles
  • sliced green onions for garnished, if desired

INSTRUCTIONS

  1. Toss the beef in the cornstarch and place in the fridge for 10 minutes while you are heating up the oil.
  2. Meanwhile add enough oil to a large wok or pan with high sides to fry the beef. (I used about 1 cup.)
  3. Heat oil until hot but not scorching.
  4. Add in the beef making sure not to over crowd the pan. (I did a couple of batches). Brown the beef on both sides for 1-2 minutes on each side.
  5. Remove from the oil with a slotted spoon and place on paper towels.
  6. Carefully remove the oil from the skillet or wok and whip clean.
  7. Heat sesame oil and canola oil to the same pan the beef was cooked in.
  8. Add in garlic and ginger and cook for 1-2 minutes.
  9. Stir in soy sauce, water and brown sugar. Bring to a simmer and cook for 2-3 minutes. Set aside.
  10. While the sauce is cooking boil noodles according to package instructions.
  11. Place beef in the sauce and toss to coat.
  12. Bring the sauce back to a simmer and cook until thickened 2-3 minutes. (If the sauce is not thick enough sprinkle in some more cornstarch)
  13. Toss in the ramen noodles and cook for an additional minute.
  14. Serve immediately with green onions for garnish if desired.

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