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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!

ROAST CHICKEN 101

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There are many people out there that only buy the chicken in parts. Boneless, skinless chicken breasts and sometimes drumsticks if they are feeling adventurous. This is because many are intimidated by the thought of even dealing with a whole chicken. Let me help you with our Roast Chicken 101

Roast Chicken 101

The truth is though, roasting a chicken is relatively easy. In fact, sometimes it can be easier than cooking it in parts. Not only is it easier, but it’s fast. You can have a full dinner on the table in about an hour and a half, give or take with lots of time to relax while it roasts too!

In fact, cooking with a whole chicken makes more sense economically. Not only can you make yummy homemade chicken stock, but you can use the leftover chicken for tacos, salads, soups and more. Plus, there is the added bonus of everything being cooked in one pan. Caramelizing your vegetables in delicious chicken juices is something that should be celebrated on its own!

This roast chicken recipe is probably one of the first dishes that is really a one pot meal that will feed the whole family in style!

Roast Chicken and caramelized vegetables on a cutting board

Learning How to Roast a Chicken will open the door to so many new and exciting cooking ventures. Roast Chicken 101 is our first in the series on 101 cooking and we will be doing more basics recipes to help you through things like a turkey, roast, ham and more.

Carved Roast Chicken on a platter


CHOOSE THE CHICKEN

Uncooked chicken in a roasting pan

The first thing you need to do is decide what kind of chicken you are going to purchase. There are several options out there from free-range chickens to organic chickens and more. Choose what is best for your family and their preferences.
You will also need to make the choice between a fryer or roasting bird. The difference is mainly about size and age as a fryer is usually smaller and younger and roasters are plumper, bigger and older. Make the choice based on the size of your family and how much they generally eat.
I love going to the farmers market to get a Hutterite chicken. They are nice and big and about 5 or 6 lbs.

HOW TO ROAST A CHICKEN

Preparation
1. Remove packaging – Remove chicken from the package and discard all packaging. 
2. Remove the giblets – Check the cavity and make sure to remove the giblets and kidneys if necessary. Rinse inside and out and and pat dry with paper towels.
Onion, garlic and thyme
3. Stuff the chicken – Season the chicken inside with salt and pepper. Place inside the chicken garlic cloves, 1/2 onion and thyme. You can substitute the onion for 1/2 lemon or orange if you like.
Tucking the wing under the chicken
4. Truss the chicken, or don’t – Some believe that trussing the chicken helps to cook it more evenly and make the presentation better. This is totally up to personal preference and doesn’t have to be done in order to have a delicious chicken. I, at the very least tuck the wings in under so the don’t get burnt. Preheat your oven to 425F.
Chicken and vegetables in a roasting pan ready to go into the oven
5. Place chicken in roasting pan – Salt and pepper the outside. Roughly chop up veggies like carrot, celery, fennel, sweet onion and potatoes and place them under or around the bird. 
6. Get ready to roast – Season the veggies with salt and pepper and drizzle everything generously with olive oil.  
7. Put chicken in the oven – Place chicken in the oven for approximately an hour to an hour and half (for about 4-6 lb. bird) or until an instant read thermometer placed in deepest part of the breast reads 165 degrees.
8. Remove chicken from oven –  Place a large piece of foil over the chiken, this is called tenting and allow the chicken to rest for about 15-20 min. before serving.
Roast chicken carved up on a platter
9. Serve – Now is the perfect time to serve up your perfectly roasted chicken. Know how to carve the bird!? This lovely tutorial with pictures will show you how.
If you have been intimidated by roasting a whole chicken, you need not fear as it’s not as difficult as it looks.
INGREDIENTS
  • 1 5-6 lb. chicken
  • Salt and pepper to taste
  • Large garlic cloves or half a head, sliced in half
  • ½ onion (lemon or orange)
  • Bunch of thyme
  • One large sweet onion, cut into thick slices
  • 6 carrots, peeled and cut into chunks
  • 1 fennel bulb, cut into chunks
  • 3 celery, cut into chunks
  • Olive oil

INSTRUCTIONS

Preparation
  1. Remove packaging – Remove chicken from the package and discard all packageing.
  2. Remove the giblets – Check the cavity and make sure to remove the giblets and kidneys if necessary. Rinse inside and out and and pat dry with paper towels.
  3. Stuff the chicken - Season the chicken inside with salt and pepper. Place inside the chicken garlic cloves, ½ onion and thyme. You can substitute the onion for ½ lemon or orange if you like.
  4. Truss the chicken, or don’t – Some believe that trussing the chicken helps to cook it more evenly and make the presentation better. This is totally up to personal preference and doesn’t have to be done in order to have a delicious chicken. I, at the very least tuck the wings in under so the don't get burnt. Preheat your oven to 425F.
  5. Place chicken in roasting pan - Salt and pepper the outside. Roughly chop up veggies like carrot, celery, fennel, sweet onion and potatoes and place them under or around the bird.
  6. Get ready to roast – Season the veggies with salt and pepper and drizzle everything generously with olive oil.
  7. Put chicken in the oven - Place chicken in the oven for approximately an hour to an hour and half (for about 4-6 lb. bird) or until and instant read thermometer placed in deepest part of the breast reads 165 degrees.
  8. Remove chicken from oven - Place a large piece of foil over the chiken, this is called tenting and allow the chicken to rest for about 15-20 min. before serving.
  9. Serve – Now is the perfect time to serve up your perfectly roasted chicken. Now how to carve the bird. This lovely tutorial with pictures will show you how.

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