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!

Vegan Apple Cider Maple Glazed Tofu

I have some great stuff coming for you. Starting with this apple cider maple glazed tofu.It is for sure to convert anyone who says they hate tofu. Because if you hate tofu, you have just never had it cooked properly.

This tofu gets crispy on the outside, firm on the inside and then glazed with a sweet but well balanced and super simple glaze. It is baked not fried and so incredibly delicious.

The tofu is just simply baked at a high temperature for a while by itself. Which gives you time to make the glaze. Then glaze is brushed on one side, bake a little longer, then brushed on the other side. It is basically fool proof.

And for the glaze is made from apple cider, maple syrup, a bit of brown sugar, and Dijon mustard. Then a sprinkle of cinnamon and nutmeg. It is cooked down and then thickened with a corn starch slurry. It is the best thing ever.

Vegan Apple Cider Maple Glazed Tofu Recipe
Crispy baked tofu brushed with a glazed made from apple cider and maple syrup.

  • 2 Blocks Extra firm tofu
  • Salt and Pepper to sprinkle on tofu
  • 1 1/2 C. Apple cider
  • 1/4 C. Maple syrup
  • 2 Tbsp. Dijon mustard
  • 2 Tbsp. Brown sugar
  • 1 tsp. Apple cider vinegar
  • 1/4 tsp. Cinnamon
  • pinch of nutmeg
  • 1 Tbsp. Corn starch
  • 1 Tbsp. Water
  1. Preheat oven to 400 degrees.
  2. Press the tofu, slice into desired shape. I cut mine into thick slices and then into triangles. Now place on paper towels, sprinkle with salt , then cover with more paper towels, then set something heavy on top. Press for at least 15 minutes, but the longer the better. 
  3. When ready, spray a baking sheet with non stick spray. Then place the tofu on to the baking sheet. Spray the tops with non stick spray and sprinkle with salt and pepper. Then bake on one side for 10-15 minutes, flip then bake on the other side for 10-15 minutes or until nice and crisp and firm. 
  4. While the tofu is baking, make the glaze. In a medium sized sauce pan, combine the apple cider and maple syrup. Stir. Start heating on medium high. 
  5. Now add the mustard, brown sugar, apple cider vinegar, cinnamon and nutmeg. Whisk to combine. Bring to a simmer, reduce heat to low. Simmer for about 10 minutes until the mixture has reduced slightly. 
  6. Now make a corn starch slurry by whisking the corn starch and water together until fully combined. Now add to the glaze. Whisk until fully incorporated. 
  7. Now simmer for about 5 more minutes or until the glaze has thickened a bit. Taste and adjust seasoning, adding a bit of salt and pepper if desired. Remove from heat. 
  8. Once the tofu is done, remove from the oven, brush one side with the glaze and return to the oven for 5 minutes. Then remove from the oven, flip and brush the other side with glaze. Bake for 5 more minutes. 
  9. When the tofu is done, you can drizzle remaining glaze over, and serve immediately! 


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