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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!

Crispy Roasted Potatoes

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Crispy Roasted Potatoes - the crunchiest and crispiest roasted potatoes recipe ever! Made with garlic herb infused oil and special oven roasting technique. So good!



What is so special about this oven roasted potatoes recipe are the techniques used, which are outlined below.

First, you par-boil the potatoes until they are cooked and starchy. Then you make the garlic-herb infused oil. For the herb, you can use rosemary and other herbs. For me, I used oregano and thyme. To make the garlic-herb infused oil, heat up a skillet with oil and then add the garlic and herbs.

Once the garlic turns brown, strain the oil and set aside the crispy garlic and herbs. The oil will be aromatic and it’s used to cook the potatoes before roasting in the oven. This step is brilliant as the crispy garlic is used as a topping for the roasted potatoes

CRISPY ROASTED POTATOES RECIPE


Ingredients:

  • 1 quart water
  • 1 tablespoon kosher salt
  • 1/4 teaspoon baking soda
  • 1 lb baby potatoes or Yukon Gold potatoes
  • 2 tablespoons olive oil
  • 2 cloves garlic, minced
  • 1 tablespoon chopped herb (rosemary, oregano and/or thyme)
  • 3 dashes ground black pepper
  • 1 tablespoon chopped parsley

Method:

  1. Preheat the oven to 450F. Slice the mini baby potatoes into halves. For smaller potatoes, keep them whole. If you are using Yukon Gold potatoes, choose smaller ones about 2-inches (5-cm) in diameter, quartered.
  2. Heat the water in a large pot over high heat until boiling. Add 1/2 tablespoon of kosher salt, baking soda and the potatoes. Par boil the potatoes for about 10 to 15 minutes. Drain the potatoes using a strainer, set aside and let cool.
  3. Heat up the olive oil, garlic and herbs (I used oregano and thyme) in a skillet over medium heat. When the garlic turns brown, strain the oil immediately using a metal fine-mesh strainer. Reserve the fried garlic and herb.
  4. Return the skillet to the stove on medium heat. Add the oil, potatoes, the remaining 1/2 tablespoon kosher salt and ground black pepper. Use a large spoon to vigorously toss and stir the potatoes until a layer of potato starch coats the potatoes. Roast the potatoes for 15 minute or until the surface turns golden brown and crispy. Top with the fried garlic and herb plus the chopped parsley. Serve immediately..

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