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!

Italian Panelle (Chickpea Fritters) with Pecorino Cheese

If you're looking for the perfect appetizer to start off your dinner. Or an irresistible finger food for your next party.


These Italian chickpea panelle are just what you need. They are scrumptious and insanely addictive. Slightly crispy on the outside, delicate and soft on the inside. The recipe is easy, quick, and requires only require very few ingredients.

INGREDIENTS:

  • 2 cups (250 gr)  of chickpea flour
  • 3 cups (700 ml) of water
  • 1 small bunch (about 10 gr) of fresh Italian parsley, chopped
  • about 1 teaspoon of salt
  • pepper to taste
  • oil for frying
  • pecorino cheese, for serving
  • lemon wedges, for serving

INSTRUCTIONS

  1. Bring 3 cups of water to a boil.
  2. When the water starts to bubble, add the salt.
  3. Once it starts boiling again, lower the heat to medium-low and add the chickpea flour, while mixing well.
  4. Make sure to brake all the lumps. If you can't get them all, or to make the job easier here is a trick: remove the pan from the stove, and blend the polenta using an immersion blender. It will make it all smooth!
  5. Cook for at least 15 minutes. while mixing often, making sure it doesn't stick to the bottom of the pan. The polenta is ready when it starts to come away from the sides of the pan.
  6. Adjust with salt if necessary. Season with pepper and chopped parsley, Mix well.
  7. Spread the polenta on a  baking sheet lined with parchment paper. Flatten it out to make a thin layer only about 4 to 5 mm thick (about 1/6 inch).
  8. Let it cool completely (about 1/2 hour).
  9. Cut the polenta into wedges. Any shape or size really works. Mine were about 1.5 inch by 2.5 inch.
  10. Heat the oil on a large enough pan. When hot (check with a wooden spoon for little bubbles) fry the panelle some at a time until lightly golden and puffy. It should take a couple of minutes per side.
  11. Drain well from the oil on a paper towel.
  12. Place on a serving plate. Sprinkle with lots of freshly grated pecorino cheese, and lemon wedges on the side.
  13. Enjoy when still hot!

Recipe Source : Italian Panelle (Chickpea Fritters) with Pecorino Cheese @ cookingwithmanuela

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