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!

Skinny 15-Minute Sesame Chicken and Broccoli

Skinny 15-Minute Sesame Chicken and Broccoli – Skip takeout and make this Asian favorite at home in just minutes!! So EASY and HEALTHIER than what you’d get in a restaurant but tastes just as AWESOME!!

Fast, Easy, Healthier

During this time of year when most people seem to be extra cautious about their diets and are trying to stick to their New Year’s resolutions, this is a family and figure-friendly recipe that’s perfect for busy weeknights.

How Does The Sesame Chicken and Broccoli Taste

The chicken is tender, juicy, and the sauce coats every piece of chicken and seeps into the nooks and crannies of the crisp-tender broccoli.

Broccoli was made for soaking up sauce and I recommend not overcooking it. Mushy broccoli is just not appetizing and keep in mind that the broccoli will continue to soften as it sits in the sauce, even off the heat.

The dish has so much savory unami flavor from the soy and hoisin sauces while the chili garlic sauce adds a bit of heat and some garlic flavor. If you’ve never used chili garlic sauce and are sensitive to heat, you may want to start with one tablespoon and you can always add more later if you want to amp up the heat level.

INGREDIENTS:


  • 1 tablespoon olive oil
  • 1 tablespoon sesame oil
  • 1.25 pounds boneless skinless chicken breast, diced into bite-sized pieces
  • 1 1/2 teaspoons cornstarch
  • 1 1/2 teaspoons cold water
  • 1/4 cup light brown sugar, packed
  • 1/4 cup low-sodium soy sauce
  • 2 tablespoons honey
  • 2 tablespoons hoisin sauce
  • 1 to 2 tablespoons chili garlic sauce, or to taste
  • 2 teaspoons ground ginger
  • 5 cups broccoli florets
  • salt and pepper, optional and to taste
  • sesame seeds, for garnishing

DIRECTIONS:

  1. To a large skillet, add the oils, chicken, and cook over medium-high heat for about 5 minutes, or until chicken is nearly cooked through; stir and flip intermittently to ensure even cooking.
  2. While chicken cooks, to a small bowl, add the cornstarch, water, and stir to dissolve; set slurry aside.
  3. To a separate medium saucepan add the brown sugar, soy sauce, honey, hoisin sauce, chili garlic sauce, ginger, stir to combine, and bring to a boil over medium heat. Allow mixture to bubble gently for 1 minute.
  4. After the mixture is boiling, add the cornstarch slurry, whisk to combine, and allow the sauce to boil and thicken for 2 to 3 minutes; whisking nearly constantly.
  5. Push the chicken to one side of the skillet, add the broccoli to the other side, evenly pour the sauce over the chicken and broccoli, and gently stir to combine and coat evenly.
  6. Cover skillet and cook for about 5 minutes, or until broccoli is as crisp-tender as desired.
  7. Optionally add salt and pepper, evenly sprinkle with the sesame seeds, and serve immediately. Recipe is best fresh but will keep airtight in the fridge for up to 5 days or in the freezer for up to 3 months

source: averiecooks.com

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