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!

Fish Tacos with Homemade Salsa, Guacamole & Chipotle Garlic Mayonnaise



Fish Tacos with Homemade Salsa, Guacamole & Chipotle Garlic Mayonnaise 
A wonderfully delicious meal to share with friends and family!  All the accompaniments can be prepared in advance to create hassle-free entertaining!




Serves 4
Prep time: 30 minutes (plus an hour resting time)
Cooking time:  10 minutes

Ingredients


For the salsa:
3 tomatoes, seeded & chopped
3 small spring onions, trimmed & roughly chopped
1 jalapeno pepper, seeded & finely chopped
1 garlic clove, crushed
¾ tsp salt
10g fresh coriander, roughly chopped

For the guacamole:
3 ripe avocados, peeled & chopped
1 lime, juiced
¼ red onion, finely chopped
1 very small handful of fresh coriander, finely chopped
2 tbsp of fresh tomato salsa
Sea salt & freshly ground pepper, to taste

For the chipotle garlic mayonnaise
2 garlic cloves, peeled
250ml mayonnaise
3-6 tbsp chipotle chilli paste

For the fish:
125g plain flour
2 tsp paprika
2 tsp dried oregano
1 tsp dried marjoram
2 tsp ground cumin
½ tsp sea salt
½ tsp freshly ground pepper
4 cod fillets, cut into large chunks
Vegetable oil, for deep frying

To serve:
A handful of shredded iceburg lettuce
8 corn or flour tortillas, warmed

 Method
1
1.    For the salsa, in a large bowl, combine the tomatoes, spring onions, jalapeno pepper, garlic and salt, then stir until thoroughly mixed through.  Let the salsa stand for an hour to allow the flavours to mellow.  Just before serving, add the chopped coriander and stir. 
2.    For the guacamole, place the avocados, lime juice, red onion, coriander and salsa in a large bowl.  Mix and crush until you have the consistency you prefer.  Season with salt and pepper to taste.
3.    For the chipotle garlic mayonnaise, put all the ingredients in a food processor and whizz for 3 minutes.  Place in a serving bowl.
4.    For the fish, put the flour, paprika, oregano, marjoram, cumin, salt, pepper and 250ml water in a large bowl and whisk together until you have a smooth paste.
5.    Place the fish into the batter and make sure it is well coated. 
6.    Heat the vegetable in the deep fryer until it is 170°C.  Using a slotted spoon gently lower the fish into the oil, cook in batches for 3 minutes.  Remove the fish and allow to drain on kitchen paper.  Repeat the process until all the portions have been fried.
7.    To serve, layer up the ingredients over the tortillas: lettuce, fish, spicy fresh tomato salsa, guacamole and chipotle garlic mayonnaise. Enjoy!

Set of 4 Ceramic Bowls & Spoons on a Slate Base by Arthur Price

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