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!

STICKY AND CRISPY ASIAN CHICKEN WINGS

These Sticky and Crispy Asian Chicken Wings have the perfect crunch and sticky sweetness – the BEST chicken wings!

Close up picture of Sticky and Crispy Asian Chicken Wings glistening in the light stacked up on grease proof paper.


Telling you that these chicken wings always go down well is a serious understatement.
The first time I made them a couple of years ago, Chris was at work, so I served them up to the kids and got the following responses:
  • Complete silence for the first 10 minutes (except the sounds of frantic chewing/crunching)
  • Eyes rolling back in heads
  • Phrases like ‘you’re the best mummy ever‘, ‘we’re so lucky to have a mummy who’s a food blogger‘ and ‘oh my gosh these are the best things I’ve ever tasted

All in a day’s work hey!
Portrait photo of Sticky and Crispy Asian Chicken Wings with a bowl of sauce and a glass of beer in the background out of focus
When Chris did come home from work, he had 5 minutes before he had to be on a phone call, so he literally hovered over the plate I’d saved for him and devoured the lot.
4 people, 1.5kg of chicken wings. Gone.
Overhead picture of Sticky and Crispy Asian Chicken Wings stacked up on grease proof paper.
The crispiness of the chicken wings is amazing – especially considering they’re oven baked. I have Nagi’s recipe from Recipe Tin Eats to thank for that. She’s the chicken wing queen!
Each wing is chopped into the two pieces, then mixed in a bowl with baking powder (it HAS to be baking powder, NOT baking soda), salt and pepper. There’s quite a lot of baking powder and salt in this recipe, which sounds a little strange, but it really draws the moisture out of the chicken to get that perfect crunchy crispness.
Chicken wings being cut into two pieces on a white chopping board
Raw chicken wings in a bowl with baking powder and seasoning
They’re cooked at low temperature initially, to slowly render out the fat, then the heat is turned up until the wings are crisp and browned.
Raw chicken wings on a baking tray, about to go into the oven
The delicious sticky sauce is based on the one I use for my sticky Chinese pork belly (another family favourite!). I doubled it for this recipe, and changed a couple of the quantities very slightly.
Sticky Asian sauce being poured over crispy chicken wings in a bowl
It’s poured over the wings right before serving, and it works so well

CAN I MAKE THESE CHICKEN WINGS GLUTEN FREE?

Yes, you can replace the soy sauce with tamari. Also, make sure you’re using a gluten-free baking powder and sweet chilli sauce.

CAN I MAKE THEM AHEAD?

I prefer these wings fresh out of the oven, but you can make the wings ahead – without the sauce- then cool, cover and refrigerate for up to a day. Reheat them on a wire rack over a tray for about 5-6 minutes at 200C/400F until they’re crisp again.
You can also mix the sauce ingredients together, then cover and refrigerate (uncooked). Pour into a pan and boil as per instructions before serving.

EQUIPMENT USED:

In order to make these amazing Sticky and Crispy Asian Chicken Wings you will need:

THE STICKY AND CRISPY ASIAN CHICKEN WINGS RECIPE:

Sticky AND Crispy Asian Chicken Wings
Prep Time
10 mins
Cook Time
1 hr 30 mins
Total Time
1 hr 40 mins
These Asian Chicken Wings are Sticky AND Crispy. The best party food ever!
Course: Appetizer
Cuisine: Asian
Servings40 wings
Calories56 kcal
AuthorNicky @ Kitchensanctuary.com
Ingredients
Chicken Wings:
  • 1.5 kg chicken wings
  • 2 level tbsp baking powder (It has to be baking powder, NOT baking soda)
  • ¾ tsp salt (make sure it's regular table salt)
  • ½ tsp pepper
  • 3 tbsp chopped spring onions/scallions
Sticky Asian Sauce:
  • 1 tsp vegetable oil
  • pinch of salt and pepper
  • 1 thumb-sized piece of ginger peeled and minced
  • 1 tbsp sweet chilli sauce
  • 2 tbsp honey
  • 4 tbsp brown sugar
  • 5 tbsp dark soy sauce
  • 1 tsp lemon grass paste
Instructions
  1. Preheat the oven to 120C/250F and place a rack on a large baking tray.
  2. Cut each wing at the joint so you have a mini wing and a drumette. Dry the wings with paper towels, then place in a large bowl and add the baking powder, salt and pepper. Toss to combine.
  3. Place in a single layer on the rack, skin side up. It's fine for them to be touching. Place on the lower shelf of the oven for 30 minutes.
  4. After 30 minutes, turn the oven up to 220c (425f), rotate the tray and place on a higher shelf in the oven for 45-50 minutes until the wings are golden and crispy. Take out of the oven to cool slightly.
  5. Place all of the sauce ingredients into a saucepan, stir and bring to the boil. Allow to bubble for 5-10 minutes until the sauce reduces and thickens slightly (it will thicken more as it cools). Turn off the heat.
  6. Place the wings in a large bowl and very carefully pour over the sticky sauce (be careful, it will VERY hot). Toss to combine, then serve topped with chopped spring onions.

more recipes @ www.kitchensanctuary.com

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