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!

Honey Soy Sauce Glazed Salmon

An easy recipe that needs just 5 minutes of prep and 10 minutes in the oven. The salmon will turn out rich, moist, and buttery.


The thing I love about baked salmon is that it is cooked more evenly, and the texture of the fish comes out more consistent. When I cook salmon on the stove, I need to keep it medium rare to get a moist texture. But when baking, I’ve found that the fish will taste very juicy and tender even when cooked through..

The things I did differently:

  • Use plenty of mustard to add acid instead of vinegar or lime, so it thickens the sauce naturally.
  • Replace brown sugar with honey to make the recipe healthier.
  • Use fresh herbs to give the fish a richer flavor.
  • Bake the fish instead of cooking it on the stovetop, so you can prepare a side dish while cooking it.

Some baked salmon recipes recommend using the broiler all the way through, to create a crispy surface. I found this method is not very consistent. Since the honey glaze has a very high sugar content, it can easily end up burning the fish. With this glaze, you don’t need to have a crispy surface to enjoy the freshness of the salmon. The sauce will be cooked until thickened, so that it coats the salmon very well, and guarantees a satisfying mouthfeel.

Honey Soy Sauce Glazed Salmon Recipe



INGREDIENTS

  • 4 pieces salmon fillets (*see footnote 2)
  • 4 tablespoons honey (or brown sugar?)
  • 4 tablespoons soy sauce or tamari for gluten-free
  • 4 tablespoons whole-grain Dijon mustard
  • 2 teaspoons minced ginger
  • 1/4 teaspoon ground paprika (or chili powder)

INSTRUCTIONS

  1. Adjust oven rack to top third. Preheat oven to 220 degrees C (425 F). Spray a thin layer of oil onto a large baking dish.
  2. Whisk honey, soy sauce, Dijon mustard, ginger, and chili pepper in a small bowl.
  3. Honey Soy Sauce Glazed Salmon Cooking Process
  4. Place the salmon into the baking dish, skin side down. Pour marinade over each piece of salmon.
  5. Honey Soy Sauce Glazed Salmon Cooking Process Honey Soy Sauce Glazed Salmon Cooking Process
  6. Bake for 6 minutes, until the surface of the salmon is cooked, but the fish is still raw inside. Turn on broiler. Bake for another 2 to 3 minutes, until the salmon is just cooked to the preferred doneness. To check doneness, gently lift the thick end of the salmon. If the fish flakes easily along the grain, it is done. The salmon will be the tenderest if it is still a bit pink inside. If you prefer your salmon cooked through, return it to the oven and bake for another one or two minutes.
  7. Honey Soy Sauce Glazed Salmon Cooking Process
  8. Serve immediately with rice and spinach.
The nutrition facts are calculated based on 1 of the 4 servings generated by this recipe



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