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 PALAK PANEER (SPINACH -CHEESE CURRY)

Indian Palak Paneer is a much loved and extremely popular spinach curry dish with soft paneer cheese. This is an amazing way to enjoy spinach. It is spicy goodness that we enjoyed with garlic naan bread and rice.

This dish can be made with just about any type of green and it is then called sang paneer. It takes a bit of work, but totally worth the effort. Enjoy it!






INDIAN PALAK PANEER (SPINACH CURRY)




PREP TIME
20 mins
COOK TIME
15 mins
TOTAL TIME
35 mins
Recipe type: Side dish
Cuisine: Indian
Serves: 4

INGREDIENTSfor the palak puree:
Fresh spinach/palak, about 7 to 9 ozs spinach
1 or 2 green chilies, chopped
1 or 2 small to medium garlic cloves, roughly chopped
½ inch ginger, roughly chopped
3 cups water for blanching spinach
3 cups water for ice bath
for the palak curry:
1 small to medium sized onion, finely chopped, about ⅓ cup finely chopped onion
1 small or medium sized tomato, chopped, about ⅓ cup finely chopped tomatoes
4 to 5 small to medium garlic cloves/lahsun, finely chopped
½ tsp cumin seeds/jeera
¼ tsp turmeric powder/haldi
½ tsp red chili powder (optional)
a pinch of asafoetida/hing
¼ or ½ tsp garam masala powder (add more to taste)
1 small to medium tej patta/indian bay leaf
8 ozs paneer (see recipe)
⅓ to ½ cup water or add as required
1 or 2 tbsp cream,
2 tbsp oil or ghee or unsalted butter
1 tsp kasuri methi leaves/dry fenugreek leaves (kasuri methi is crushed and added right towards the end. just before adding cream. )
salt as required
garnish:
a few teaspoons of cream or butter for topping the palak paneer
½ inch ginger, julienned
lemon or lime wedges or slices

INSTRUCTIONSmaking the spinach puree:
rinse the palak or spinach leaves very well in running water. tender stem are fine, otherwise cut them off.
boil 3 cups water in a pan, add ¼ tsp salt to the hot water and stir. then add the palak leaves in the hot water. close with a lid and let the palak leaves sit in the water for 2-3 mins.
strain the palak leaves.
immediately add the palak or spinach leaves in a pan or bowl containing ice cold water. this method helps in preserving the green color of the spinach. just add 8 to 10 ice cubes to 3 cups water to get cold water. allow the spinach leaves to be in the cold water for a minute or two.
then drain the ice cold water. add the spinach in a blender or grinder jar with chopped ginger, garlic and green chilies.
make a smooth palak puree. no need to add water while making the puree. keep the spinach puree aside.
making the palak curry:
heat oil or ghee or butter in a pan or kadai. if using butter, melt it a low flame making sure that the butter does not brown.
add the cumin and let them splutter.
then add the tej patta or bay leaf.
add the finely chopped onions. saute till the onions become golden.
then add the finely chopped garlic. saute till the raw aroma of garlic goes away. no need to brown the garlic.
add the chopped tomatoes. stir and saute the tomatoes till they soften.
once the tomatoes are softened and you see fat releasing from the sides of the mixture. then add the turmeric powder, red chili powder and asafoetida/hing.
stir very well.
then add the palak puree.
stir well.
add about ⅓ to ½ cup water or as required. stir again.
simmer for 6-7 minutes or more till the palak or spinach is cooked. season with salt. the sauce will also thicken by now.
stir and add garam masala powder.
stir again and then add the paneer cubes.
stir gently and simmer on a low flame till the paneer cubes become soft and succulent. about 1 to 2 minutes.
lastly add cream. stir gently again so that the cream gets incorporated in the palak paneer gravy uniformly. switch off the flame.
stir and serve the palak paneer hot with some naan and/or rice. you can top the palak paneer with some butter or cream also while serving. also drizzle a few drops of lime or lemon juice on top along with ginger julienne.


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