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!


Trust me his is kind of Juicy chicken, tender vegetables and aromatic flavors are in every bite of these Ginger Garlic Chicken Dumplings.  Also referred to as Nepalese Momo, and quite similar to Chinese chicken dumplings, they’re the perfect hors d’oeuvre or appetizer that you won’t be able to stop eating!

For the sauce
  • 2 tablespoons black vinegar
  • 2 teaspoons honey
  • 1 1/2 teaspoons chile paste I like Sambal Oelek
For the dumplings
  • 1 pound ground chicken
  • 1/3 cup carrots peeled, finely grated
  • 3 tablespoons fresh cilantro washed and dried, finely chopped
  • 2 1/2 tablespoons Mirin (sweet rice wine)
  • 2 green onions finely chopped
  • 2 tablespoons ginger pulp
  • 1 tablespoon garlic minced
  • 1 1/2 tablespoons grapeseed oil plus more for the pan
  • 3/4 teaspoon salt
  • a few turns freshly ground black pepper
  • 4 dozen round (3 1/2-inch) gyoza/potsticker wrappers
  • 1/4 cup water
For the sauce
  1. In a small dish, combine the black vinegar with the honey and chile paste. Set aside.
For the dumplings
  1. In a large mixing bowl, combine all of the ingredients except the gyoza/potsticker wrappers. Mix only long enough to evenly combine the ingredients.
  2. Place several of the gyoza/potsticker wrappers on a clean, dry surface and drop about 1 1/2 teaspoons of the chicken mixture in the center of each one. (If you have a cookie scoop this size, that's perfect.)
  3. Next, wet your fingertip with water and run it along the entire edge of the wrappers (one at a time) this will work as glue. Now carefully, bring all of the edges together, to wrap up the chicken mixture, into a little bundle, and then gently pinch the top so it adheres together.
  4. Coat the bottom of a medium-sized sauté pan (about 10-inch) generously with grape seed oil and place it over medium-high heat. Once it's sizzling hot, add as many of the dumplings as you can without crowding the pan -- there should be about an inch between them. (You will do this in a few batches.) Let them sauté for about 1 minute, to brown the bottoms. Then add about 1/4 cup of water to the bottom of the pan, turn the heat to the lowest setting, and cover the pan with a lid or foil. Let the dumplings steam for about 3 minutes, just long enough to cook the chicken. Use a small metal spatula to lift them from the pan. Repeat this until all of the dumplings are cooked.
  5. While they're still hot, serve them with the sauce on the side.
Recipe Adapted : Garlic-Ginger Chicken Dumpling Recipe (Momo) @ cookingontheweekends


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