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!

Double Dipped Baked Coconut Chicken Tenders

A few steps ensure these easy baked coconut chicken tenders are CRISP for a satisfying, healthier dinner recipe the whole family will love.

These tenders are double dipped in panko and then unsweetened coconut to form a thick coating that crisps up wonderfully as they bake.

You can serve these baked coconut chicken tenders however you like, but I’m partial to keeping things simple and serving them alongside a salad and honey mustard for dipping. Leftover tenders also make a great protein to reheat and throw over a main meal salad.

Double Dipped Baked Coconut Chicken Tenders Recipe 
A few steps ensure these easy baked coconut chicken tenders are CRISP for a satisfying, healthier dinner recipe the whole family will love.

  • 2 eggs
  • 1/3 cup milk
  • 1/2 cup all-purpose flour
  • 3/4 tsp salt
  • 1/2 tsp ground black pepper
  • 1 cup unsweetened coconut flakes
  • 1 cup panko breadcrumbs
  • 6-8 boneless skinless chicken breast tenderloins (just over 1 lb)

  1. Preheat oven to 350°F. Set an oven-safe wire rack over a large baking sheet and spray with cooking spray. Set aside.
  2. Add eggs and milk to a bowl and beat with a whisk until light.
  3. Add flour to a separate, shallow bowl and whisk in salt and pepper.
  4. Place coconut in a food processor and pulse a few times until the flakes are just broken up into small pieces. Add coconut to a separate bowl.
  5. Add panko to a separate bowl. Arrange your four bowls in this order: flour, egg/milk, panko, and coconut.
  6. Press a chicken tender in the flour (tapping off any excess), then the egg/milk mixture, allowing any excess egg to drip off back into the bowl before continuing.
  7. Next press the chicken tender in the panko, and then back in the egg/milk.
  8. Finish by pressing the chicken tender in the coconut flakes and place tender on the prepared rack. Repeat for the remaining tenders.
  9. Bake for 25 minutes, or tenders are golden brown, the center of the chicken is no longer pink, and an internal temperature reaches 165°F.
Recipe Notes
  • You'll find unsweetened coconut flakes alongside the sweetened, 'snowflake' coconut in the baking aisle. I suggest using unsweetened coconut because I've found it meshes a lot better with savory recipes than sweetened coconut does.
  • Nutritional info is estimated for two breaded tenders (about 4 oz in total), and does not include any dipping sauce.
Nutrition Facts
Double Dipped Baked Coconut Chicken Tenders
Amount Per Serving (2 tenders)
Calories 277Calories from Fat 57
% Daily Value*
Total Fat 6.3g10%
Saturated Fat 4.1g21%
Cholesterol 164mg55%
Sodium 581mg24%
Potassium 614mg18%
Total Carbohydrates 17.9g6%
Dietary Fiber 1.1g4%
Sugars 1.6g
Protein 38.3g77%
* Percent Daily Values are based on a 2000 calorie diet.


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