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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!

Spicy Buttered Shrimp & Squid


 
I was never really a fan of dishes that are loaded with too much spice and heat that my tastebuds are burned beyond its capacity to savor the flavors.  However there's this dish that always makes me salivate just by the thought of it. Shrimp and squid rings, sauteed in garlic, chili paste, oyster sauce and sesame oil... very few ingredients but bursting with so much flavor.

For this recipe you would need the following:
-1/2 kilo of prawns
- 1/2 kilo of squid
- 1/4 cup of butter
- 4 cloves of garlic, minced
- 1 tsp. of chili paste
- 1/4 cup of oyster sauce
- 1/4 cup cooking oil
- salt and pepper to taste

Shrimps always look better when served with shells and heads still intact.But I always devein and peel the shrimps first before cooking them. Just leave the last segment of the shell right nest to the tail end. After that, just run the knife at the back of each shrimp, and remove any grit or sand. Wash them quickly under running water and drain. Set aside.

For the squid, you simply just have to clean them inside and out, take the skin off, and cut them into rings. I prefer medium sized squid than the small or huge ones. Smaller squid have a tendency to shrink too much overcook too fast. Huge ones are as tricky as well. They start to overcook in just a matter minutes. Hence I always use the medium sized ones.

Take it easy with using chili paste. A little goes a long way. You might
wanna add a little bit of sugar just to round up all the flavors when sauteing. Sesame oil goes very well with most Asian stir-fried dishes. Adding some scallions for flavor would also be very nice.

Just melt the butter with the cooking oil, and saute the garlic for about a minute. Add in the shrimp and squid and saute for about 2 minutes. Add in the chili paste, oyster sauce, and sesame oil, saute for another 2 minutes. Season with salt and pepper. You can add a little bit of water to have more sauce .

There you have it! A simple, rich, spicy seafood dish in less than ten minutes. Perfect with huge bowl of hot steaming white rice. Enjoy!

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