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!


These spicy peanut noodles are perfect: thin noodles covered in a thick peanut butter sauce and accompanied by tender strips of shredded chicken. It’s similar to Thai or Indonesian style peanut noodle dishes.

I snuck in a lot of great meals in between hikes, and one in particular stood out to me: Indonesian noodles with peanut butter sauce. The sauce was addicting and I was hooked.

This recipe calls for using cooked shredded chicken. You can do this one of two ways:

  • Buy raw chicken breasts and cook them in a slow cooker for meltingly tender meat. You can cook them on high for 4 hours or on low for 8 hours. Sometimes I add a drizzle of soy sauce over the raw chicken so that it doesn’t get too dry in the slow cooker. They will be very easy to shred after they’re done cooking. You can do this the day ahead, and refrigerate the shredded chicken until ready to use.
  • Skip the cooking step by buying rotisserie chicken and shredding it. This is the easiest method and works great if you’re in a pinch.
These spicy peanut noodles could not be easier to make. The Thai-inspired peanut sauce is a throw-everything-together type of affair, and it takes only a quick stirring to combine into a thick peanut butter sauce. Once the chicken is shredded and the spaghetti is boiled to al dente, all you have to do is stir everything together in a pan and voila, dinner is ready. If you’re looking for side dishes to pair with these spicy peanut noodles, I recommend whipping up a tofu stir fry — super easy and tastes ten times better than it sounds.

Spicy peanut noodles with shredded chicken Recipe
These spicy peanut noodles are perfect: thin noodles covered in a thick peanut butter sauce and accompanied by tender strips of shredded chicken.

  • 8 ounces spaghetti pasta broken in half
  • 1 1/2 pounds chicken breasts cooked and shredded
  • 6 ounces Persian cucumbers cut into strips or half moons
  • 1 orange bell pepper thinly sliced
  • 2 scallions sliced
For the peanut sauce:
  • 1/2 cup peanut butter chunky or creamy
  • 1/3 cup water
  • 3 tablespoons sriracha
  • 3 tablespoons soy sauce
  • 2 tablespoons olive oil
  • 1 tablespoon lime juice
  • 5 cloves garlic minced
  1. Cook the spaghetti noodles according to package directions. Drain, toss with a drizzle of cooking oil to prevent them from sticking together, and set aside.
  2. Add all peanut sauce ingredients to a saucepot. Stir over medium-low heat until the sauce is smoothly mixed. Remove from heat and set aside.
  3. Heat a 4-quart or larger pan over medium heat. Add sliced bell pepper, cooking for a few minutes, stirring occasionally. Add sliced cucumbers, shredded chicken, and spaghetti, stirring them together. Pour peanut sauce on top. Carefully stir all of the ingredients until well-coated with the peanut sauce. Garnish with sliced scallions and serve immediately.


Halaman Berikutnya

Subscribe to receive free email updates:


Post a Comment