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!

30 MINUTE SPICY GINGER SZECHUAN BEEF

No need to order take-out, this spicy ginger Szechuan beef is completely mouthwatering and ready in just 30 minutes!  Perfect for a busy weeknight dinner!


All the great flavors you love about Szechuan beef, with a kick of fiery sweet ginger heat!  This Szechuan beef is the ultimate in Chinese take-out comfort food, yet is incredibly easy and ready in just 30 minutes!

HOW TO MAKE SZECHUAN BEEF EVEN FASTER:

  • Slice meat ahead of time (just place in sealed plastic bag in the refrigerator until ready to cook)
  • Even better, buy some pre-sliced stir fry beef from your local grocery store!
  • Whisk the sauce ahead of time (just store in an airtight container in the refrigerator until ready)
  • Slice carrot, celery, and green onions ahead of time (keep in a sealed plastic bag in the refrigerator until ready)
30 MINUTE SPICY GINGER SZECHUAN BEEF RECIPE

No need to order take-out, this spicy ginger Szechuan beef is completely mouthwatering and ready in just 30 minutes! Perfect for a busy weeknight dinner!


INGREDIENTS
BEEF:
  • 1.5 lb flank or skirt steak or use pre-sliced stir fry beef from the store
  • 1 Tbsp soy sauce
  • 1 Tbsp mirin
  • 3 Tbsp cornstarch
  • 3 Tbsp sesame oil
VEGETABLE TOPPING:
  • 3 inch celery stalks julienned into thin 2 long strips
  • 1/2 cup shredded carrots
  • 3 inch green onions sliced thinly, on a diagonal, into 1/2 pieces
SAUCE:
  • 1 tsp crushed red pepper flakes
  • 1/4 tsp Chinese 5 spice
  • 2 cloves garlic minced
  • 2 Tbsp packed brown sugar
  • 1 inch of fresh Ginger grated or very finely minced
  • 4 Tbps soy sauce
  • 2 Tbsp water
  • 1 Tbsp Sriracha
  • 1 Tbsp rice wine vinegar
  • 2 tsp hoisin sauce
  • 1 green onion thinly sliced
INSTRUCTIONS
  1. Slice steak, across the grain, into 1/4 inch thick strips , and place in a large plastic bag.
  2. Add mirin and soy sauce and massage into the meat. Add cornstarch, seal the bag and toss/massage to coat the meat.
  3. Let meat marinate for about 10 minutes or so.
  4. In a medium mixing bowl, whisk together sauce ingredients and set aside.
  5. Slice vegetables and set aside.
  6. Add sesame oil to wok (or large saute pan) and heat over med-high heat.
  7. Add beef to hot pan (just enough to cover the bottom of the pan - you'll probably want to do at least 2 batches), and saute about 2-3 minutes. Remove beef to a plate and cook remaining batches.
  8. Add sliced vegetables to the hot pan and cook about 1-3 minutes (depending on how tender you want them), stirring often.
  9. Pour in Szechuan sauce and cook about a minute, until slightly thickened.
  10. Add cooked beef and turn to coat in the sauce.
  11. Serve over with Rice.

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