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!

Romanian Beef Tripe Soup | Ciorba de Burta

This post presents a delicious and fairly unique authentic soup from my home country Romania. Informally, we call this "the queen of soups", and it is considered a rare delicacy. It is sweet, sour and garlicky, with many other subtle flavors that blend together under the surface. The soup is so simple that many of these aromas are magical: the guests are left wondering where they all come from when the dish seems to only have water, tripe, and a couple of vegetables. The obvious answer is that all these mysterious flavors come from the chef's artful technique, which is the explanation I usually go with. Serve hot with a pickled hot pepper, and it will provide an unforgettable experience for you and your guests.


Ingredients:
 - Two pounds of beef bones (optionally with a bit of meat). I prefer beef shanks or short ribs
 - Six pounds of beef trip (honeycomb)
 - One celery root (peeled, whole)
 - Two parsnips (peeled, whole)
 - Two squash (peeled, whole)
 - Three yellow onions (peeled, whole)
 - Four carrots (peeled, whole)
 - 20 ounces of sour cream
 - Six egg yolks
 - Three heads of garlic (peeled)
 - Half a pound of pickled paprika or peppers (cut into stripes)
 - Five bay leaves

Preparation:
 - Cut the honeycomb tripe into strips. it's a fairly tedious process, so start early and see it to completion.
 - Boil the beef bones in about 2 gallons of water for an hour hour (or until any meat easily falls off the bone). Remove the froth regularly to keep the broth clear. When done, add the celery root, parsnips, onions, and carrots, and boil for another 45 minutes (or until you can easily pierce them with a fork).
 - Remove all bones from the broth, and discard them.  - Remove all vegetables from the broth. Save one carrot separately. You can use all others (minus that one carrot) separately for a boeuf salad, for example.
 - Add the tripe strips and boil for another hour (remove the froth regularly to keep the broth clear).
 - Separately, mix 20 oz sour cream with 6 egg yolks. Scoop one cup of hot broth and mix with the sour cream. Repeat this a few times until the temperature of the sour cream rises. Poor over the broth and mix thoroughly.
 - Mash the three heads of peeled garlic, and add to the soup
 - Finely mash the saved carrot, and add to the soup. This adds a beautiful orange tint to the soup.
 - Add the pickled pepper stripes and mix.
 - Stop the oven and set aside.
 - Serve hot, accompanied by slices of bread. You should also have some salt, pepper, vinegar, and garlic sauce ready for use.

Presentation:
 - The best presentation involves both color and texture. The honeycomb tripe has such a brilliant pattern, and you should try to stack a few pieces in the middle of the plate such that some of them show over the surface.
 - As for color, the pickled peppers tend to rise to the top, adding some beautiful red accents. This nicely complements the yellow and orange color of the soup.
 - Feel free to sprinkle some flakes of fresh parsley for a hint of green.

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