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!

How to Cook Pork Hocks Just like Oma




Learn how to cook Pork Hocks, not just for Oktoberfest, but anytime you want something traditionally German and wonderfully delicious! There are two main methods for cooking pork hocks. This one uses both cooking on the stove and finishing off in the oven. May sound like extra work. It really isn't and the results are worth it! This is REAL German food, Oktoberfest style!



Called Eisbein in northern Germany and Schweinshaxe in the southern part, it is cooked from fresh ham hocks rather than smoked hocks. German recipes don't get much better than this!

Schweinshaxe (as it's called in southern Germany) is a roasted ham hock or pork knuckle

Eisbein (as it's called in northern Germany) is usually pickled first and then boiled
Originally this was considered food for the poor people, aka Armeleuteessen, since it was made with inexpensive cuts of meat

Since this is a tough piece of meat, full of connective tissue, ligaments, and muscle, it needs to be cooked low and slow, to turn it into delicious fork-tender meat

Traditionally this is served with potato dumplings and red cabbage or with sauerkraut and potatoes


How to Cook Pork Hocks 

Ingredients:1 leek, well cleaned, diced
1 stalk celery, diced
1 carrot, diced
1 onion, diced
1 - 2 meaty pork hocks
salt, peppercorns, cumin (if desired)


Instructions:Put vegetables, 1 tsp salt, 1 tsp peppercorns, and pork hocks in pot.
Add water to cover, bring to boil, reduce heat to simmer, and cook until hocks are just tender - about 2 - 3 hours. Do not overcook.
Drain, keeping vegetables and cooking liquid.
Preheat oven to 425°F.
To baking dish (if cast-iron pot is use, add 2 Tbsp of oil), add drained pork hocks, drained cooked vegetables, and a small amount of the cooking liquid.
Bake 30 minutes, occasionally basting meat with cooking liquid.
Serve meat with potatoes and sauerkraut. If desired, serve the cooking liquid (thicken with corn starch if desired). Add a bit of cumin to liquid if desired.

Hints:Keep the extra drained liquid from cooking the pork hocks. Use what's needed for the roasting process. Let the rest cool and refrigerate. Skim off the congealed fat and use the broth for soups or stews.


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