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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!

INDIAN ALOO GOBI (SPICED POTATOES AND CAULIFLOWER)

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Indian Aloo Gobi is a spiced potato and cauliflower dish that comes from the Punjab region in India, the northern area of the country. Potatoes were brought to India by the Portuguese and are a staple ingredient in their cuisine.

Potatoes paired with cauliflower was new to me and made for a wonderful combination especially spiced up! This is a hearty vegetarian dish made in the dry style that is sure to please.



INDIAN ALOO GOBI (SPICED CAULIFLOWER AND POTATOES)





PREP TIME
10 mins
COOK TIME
30 mins
TOTAL TIME
40 mins
Recipe type: Side dish
Cuisine: Indian
Serves: 4


INGREDIENTS5 to 6 medium size potatoes/aloo sliced in wedges
1 medium cauliflower/gobi cut into florets and rinsed
1.5 to 2 inches ginger/adrak, chopped
½ tsp turmeric powder/haldi
1 tsp red chili powder
½ tsp garam masala powder
4 tbsp oil or ghee
salt as required



INSTRUCTIONSin a kadai or thick bottomed pan like a wok, heat oil or ghee.
lower the flame and add the aloo/potato wedges.
stir the potatoes well and saute them on a low flame or sim for 6 to 7 minutes. stir a couple of times when sauteing them.
add the gobi/cauliflower and saute for 3-4 minutes. continue to stir in between.
add chopped ginger. stir again very well.
spice up the gobi and aloo with turmeric powder, red chili powder and salt.
stir again very well, so that the spices are mixed uniformly in the sabzi and coat the veggies also evenly.
cover the pan with its lid tightly.
simmer the aloo gobi 18 to 20 minutes on a low flame. timing will vary with the size, depth and quality of the pan and flame intensity.
in between for a couple of times, remove the lid and stir the aloo gobi well. cover and then again continue to cook. do not add any water.
once the potatoes and cauliflower have cooked, sprinkle garam masala powder and mix it all together
serve aloo gobi with yogurt and/or naan bread..


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