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!

MINI SALMON CAKES WITH SRIRACHA LEMON AIOLI RECIPE

Mini Salmon Cakes with Sriracha Lemon Aioli are a protein packed appetizer perfect for entertaining!

These hearty salmon cakes are loaded with all things yummy: minced parsley, yellow onion, fresh lemon juice and fresh salmon!

Mini Salmon Cakes with Sriracha Lemon Aioli

Aren’t appetizers amazing!??🌟  I can’t tell you how much I love to graze on a big ole’ table of finger food.  I think it has to do with getting to try a little bit of everything.  I know they say variety is the spice of life but for me, it’s a big spread of appetizers!πŸ™Œ

Mini Salmon Cakes with Sriracha Lemon Aioli

I’ve been making this salmon cake recipe for about 15 years.
When I first created the recipe I made them into full size cakes.  Then during the Christmas season one year, we were throwing a holiday party and I was deciding on the menu.  I needed some protein infused appetizers and was trying to make something a little more creative than shrimp cocktail.🍀  (By the way you should always serve shrimp cocktail – people love it and it’s little to no work. Less work = less stress = more fun.)
Mini Salmon Cakes with Sriracha Lemon Aioli

THEN IT HIT ME – WHY NOT TURN MY SALMON CAKES INTO MINI SALMON CAKES?

Ding ding ding – all kinds of light bulbs going off in my head!πŸ’‘✨  This was an amazing concept for so many different reasons!
  1. I already had the perfect recipe.
  2. They’re full of healthy goodness.
  3. Protein, protein, protein.
  4. You can make then and freeze them, then defrost the day of, bake and serve.
  5. They taste phenomenal and everyone loves them!
Mini Salmon Cakes with Sriracha Lemon Aioli

So Mini Salmon Cakes with Sriracha Lemon Aioli made the holiday party menu that year and due to popular demand, every year since!
AND now you can make, bake and serve these yummy meaty globes of delight at your next get-together as well!πŸŽŠπŸŽ‰
Or if sharing isn’t your thing, just make a batch, plop down on the couch, catch the latest Poldark episode, and treat yourself to a night of delicious entertainment.πŸ˜„
For those of you who haven’t yet experienced Poldark, it is the most amazing tea drinking, family-feuding, horseback-riding show in the history of all time‼️  It’s basically my Downton Abbey replacement series.  (Just a side note, I’m a bit disappointed in some of the choices Ross has made of late.  I know he’s only human but his moral compass seems a little skewed these days… or maybe it’s all the time.  Oh Poldark.)
Mini Salmon Cakes with Sriracha Lemon Aioli
Sorry for that detour… more about these salmon cakes!😁
You’re gonna need about 2 pounds of fresh salmon meat.  Just so you know, Costco sells antibiotic-free salmon filet for $7.49 a pound (maybe less where you live).  So for around $20 dollars (salmon plus other ingredients) you can make about 26-28 of mini salmon balls.  Not bad for a healthy and delicious appetizer.πŸ‘
I usually rinse and pat down (or at least wipe down) my salmon filet.  Place it on a parchment-lined baking sheet, sprinkle with salt and pepper, and then bake for 15 minutes on 400 degrees.
Meanwhile I chop up a large onion, mince some parsley, juice a lemon, beat an egg, and measure out the rest of my ingredients.  Then remove the salmon from the oven let it rest for 5 minutes or so, and flake it with two forks.  Add it to a large bowl with all the other ingredients and then gently mix together.
Mini Salmon Cakes with Sriracha Lemon Aioli
I form mini balls with my 1½ inch scoop, place on the cookie sheet lined with a new piece of parchment, and either stick in the freezer or bake at 400 for another 15-20 minutes until just slightly golden.
(To freeze them, place the cookie sheet in the freezer for a few hours, then transfer the cakes to a large freezer bag to store until you need them. Remove from the freezer the night before – or morning of – the day you want to use them.  Place them on a parchment-lined baking sheet and let them defrost in the fridge, then bake on 400 for 15-20 minutes.)
Mini Salmon Cakes with Sriracha Lemon Aioli
I also made an aioli dip for them, since some people are all about the sauce.   It has mayo (light mayo if you’re trying to keep those calories down), fresh lemon juice, minced garlic, sriracha, and salt and pepper.  Whisk it together and you’re ready to start dipping.
Mini Salmon Cakes with Sriracha Lemon Aioli
There you have it, Mini Salmon Cakes with Sriracha Lemon Aioli… my secret weapon to killing it in the appetizer department for holiday partiesπŸŽ„.πŸŽ‰  Or any party or weekday for that matter – no need to wait for a holiday because every day is worth celebrating!πŸ‘
Happy eating!
Mini Salmon Cakes with Sriracha Lemon Aioli
Prep Time
5 mins
Cook Time
40 mins
Total Time
45 mins
 
Perfect salmon cakes every time - great as an appetizer or entree!
Course: Appetizer
Cuisine: American
Servings10 servings
Calories191 kcal
AuthorHolly Sander
Ingredients
For The Salmon Cakes:
  • 2 pounds salmon fillet
  • 11/2 teaspoon salt
  • 11/2 teaspoon pepper
  • 1 large onion, diced, sautΓ©ed
  • 2/3 cup plain dried breadcrumbs
  • 1/2 cup finely chopped fresh parsley
  • 1/3 cup light mayonnaise (or regular mayo if you prefer)
  • 1/4 cup Dijon mustard
  • 1 large egg (or 2 egg whites), lightly beaten
  • 4 tablespoons lemon juice
For The Sriracha Lemon Aioli:
  • 1/2 cup light mayonnaise (or regular if you prefer)
  • 4 teaspoons Sriracha sauce
  • 4 teaspoons lemon juice
  • 1 clove garlic, minced
  • 1/4 teaspoon salt
  • 1/4 teaspoon pepper
Instructions
For The Salmon Cakes:
  1. Preheat oven to 400.  Rinse and pat dry the salmon, then place on a parchment-lined baking sheet and season with 1/2 teaspoon salt and pepper.  Roast until cooked through, about 15 minutes.  Allow to cool 5 minutes then using fork s flake or separate the salmon into small pieces.
  2. Place salmon in a large bowl.  Add onions, breadcrumbs, parsley, mayo, mustard, egg, & lemon juice.   Season with 1 teaspoon salt and pepper, then mix gently. 
  3. Using a 1 1/2 inch scoop (or your hands), form the mixture into balls and place on a parchment-lined baking sheet. 
  4. If you are freezing the salmon cakes, leave them on the baking sheet and place them in the freezer.   Once firm, store them in a resealable freezer bag until needed.
  5. To finish the cakes, bake on 400 for about 15-20 minutes, just until they start to crisp and become golden.  
For The Sriracha Lemon Aioli:
  1. Combine all ingredients in a small mixing bowl, and whisk thoroughly.  Adjust salt and pepper to taste.
Recipe Notes
If you are freezing the cakes, leave them on a cookie sheet and place them in the freezer for a few hours.  Once they have firmed up you can transfer them to a resealable storage bag.  When you want to cook them, place them back on a baking sheet while still frozen, and allow them to thaw in the fridge for at least 4-5 hours.  Then proceed with baking per the instructions.

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