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!

ASIAN SLAW WITH GINGER PEANUT DRESSING

Make this easy Asian Slaw with Ginger Peanut Dressing for a delicious side or to pile on top of pulled pork sandwiches!  This is a fresh and vibrant coleslaw without mayo and is sure to be a hit with your family!

This Asian slaw is a whole other story.  It’s vibrant with thinly sliced red pepper, shredded carrots, and extra red cabbage.  And I just bypassed the mayo altogether in favor of a homemade ginger peanut dressing that packs a major flavor wallop so wonderful that I just. can’t. get. enough.

Asian Slaw with Ginger Peanut Dressing Recipe
Make this easy Asian Slaw with Ginger Peanut Dressing for a delicious side or to pile on top of pulled pork sandwiches!  This is a fresh and vibrant coleslaw without mayo and is sure to be a hit with your family!



Ingredients
For the slaw

  • 1 bag packaged coleslaw mix
  • 2 cups thinly sliced red cabbage
  • 1 red bell pepper, thinly sliced
  • 1 cup shredded carrots
  • 1 bunch green onions, chopped
  • 1/2 cup cilantro, chopped
For the dressing

  • 6 tablespoons rice wine vinegar
  • 3 tablespoons vegetable oil
  • 1 tablespoon sesame oil
  • 5 tablespoons creamy peanut butter
  • 3 tablespoons soy sauce
  • 3 tablespoons brown sugar
  • 2 tablespoons fresh ginger root, peeled and minced
  • 3-4 garlic cloves, minced

Instructions

  1. In a medium bowl, whisk together the rice vinegar, oils, peanut butter, soy sauce, brown sugar, ginger, and garlic.  
  2. In a large bowl, combine the coleslaw mix, red cabbage, red bell pepper, carrots, green onions, and cilantro.  Toss with the dressing just before serving.

Recipe Notes
This cabbage and carrots will soften a bit after at least 30 minutes of chilling in the fridge after mixing with the dressing.  I think this Asian slaw is best when served the day it is made.

Recipe adapted : ASIAN SLAW WITH GINGER PEANUT DRESSING @ houseofnasheats
Nutrition Facts
Asian Slaw with Ginger Peanut Dressing
Amount Per Serving
Calories 144Calories from Fat 81
% Daily Value*
Total Fat 9g14%
Saturated Fat 4g20%
Sodium 363mg15%
Potassium 268mg8%
Total Carbohydrates 11g4%
Dietary Fiber 2g8%
Sugars 7g
Protein 3g6%
Vitamin A56.6%
Vitamin C52.7%
Calcium4.1%
Iron4.3%
* Percent Daily Values are based on a 2000 calorie diet.

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