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!

INSTANT POT HONEY GARLIC CHICKEN AND RICE

Instant Pot Honey Garlic Chicken and Rice–an easy Asian pressure cooker recipe for tender chicken thighs in a soy sauce, honey, and garlic sauce. Plus the rice is cooked at the same time and in the same pot as the chicken. Add in some broccoli and you have a complete dinner!


INSTANT POT HONEY GARLIC CHICKEN AND RICE
My slow cooker version of honey garlic chicken  is one of my most popular recipes this summer. I wanted to make an Instant Pot version of it since I know many people like to use a pressure cooker on busy nights when they forgot to get something in the slow cooker in the morning. The bonus to making this recipe in the Instant Pot is that you can make the chicken and sauce and the rice all at the same time in the same pot.

The chicken: I love using the Costco boneless, skinless chicken thighs for this recipe. But you can also use bone-in chicken thighs. Just make sure to remove the skin and trim any extra fat off before throwing them in the pot. I haven’t tried this particular recipe with boneless, skinless chicken breasts. This would not be the best choice because the chicken would get overcooked by the time the rice got done. However, if you wanted to make the chicken without the rice you could do that. Just cook for only 10 minutes for boneless breasts.

This is an updated version of instant pot honey garlic chicken. The original recipe was having too many burn notifications and there wasn’t enough sauce. I fixed the recipe and I really think you’ll like it!


INGREDIENTS

  • 1/3 cup honey
  • 2/3 cup tamari or low sodium soy sauce
  • 2/3 cup chicken broth
  • 6 garlic cloves, minced
  • 2 pounds boneless, skinless chicken thighs or bone-in chicken with skin removed
  • 1 1/2 cups short grain white rice
  • 2 1/4 cups water
  • 1/4 cup cornstarch
  • 1 (16 oz) package frozen broccoli florets 
INSTRUCTIONS
  1. Add honey, soy sauce and broth into bottom of Instant Pot. Whisk really well, until smooth. Add in the garlic. Trim the chicken of excess fat. Nestle the chicken into the pot.
  2. Pour rice into a mesh strainer. Rinse the rice well. Add rinsed rice to an oven safe dish that will fit inside your Instant Pot. I used this corningware dish.* Add 2 1/4 cups water into the dish. Cover the dish with foil. Place the dish on top of your trivet with handles. Carefully lower the dish down into the pot on top of the chicken.
  3. Secure the lid of the Instant Pot and press the manual button. Set the timer for 15 minutes on high pressure. Make sure the valve is set to “sealing.”
  4. When the timer beeps let the pressure release naturally for at least 10 minutes (I did a bit longer than this). Gently move the valve to “venting.” Once all the pressure is released remove the lid and very carefully remove the rice bowl with hot pads. The bottom of the rice dish will be messy from the sauce of the chicken. I just transferred my rice to a clean bowl.
  5. Turn the Instant Pot to the saute function and adjust to “more”. In a small bowl stir together 1/4 cup cornstarch and 1/4 cup cold water until smooth. Stir the mixture into the pot. It will start getting thick in a couple of minutes. Stir every so often.
  6. Open the bag of frozen broccoli and pour it into a colander. Run some hot water over the broccoli and then shake off excess water. Pour the broccoli into the Instant Pot. Stir the broccoli in and let it warm through. You may want to push the saute button on your Instant Pot to get the broccoli warm a little faster.
  7. Serve the chicken, broccoli and sauce over the rice

NOTES
I used my 6 quart Instant Pot Duo 60 7 in 1*.

I used the trivet that came with my Instant Pot. It is similar to this one. *

I purposely remove the lemon juice from this recipe. I felt it was too strong and didn’t pair well with the broccoli. If you want to see the original recipe scroll down.

The chicken: I love using the Costco boneless, skinless chicken thighs for this recipe. But you can also use bone-in chicken thighs. Just make sure to remove the skin and trim any extra fat off before throwing them in the pot. I haven’t tried this particular recipe with boneless, skinless chicken breasts. This would not be the best choice because the chicken would get overcooked by the time the rice got done. However, if you wanted to make the chicken without the rice you could do that. Just cook for only 10 minutes for boneless breasts.

Recipe Source:365daysofcrockpot.com

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