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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 PANEER (CHEESE)

Indian Paneer (cheese) is made with only two ingredients. This cheese is used in many Indian recipes and is wonderful on the grill as well. It literally only takes about 45 minutes to make and it is ready to be added your palak, an amazing spinach curry or any other Indian dish.

It is a dense cheese that reminded me a bit of tofu, on it’s own it doesn’t have much flavor but when added to any type of flavoring or curry, boy oh boy does it soak it up. YUM!



INDIAN PANEER (CHEESE)


PREP TIME
25 mins
COOK TIME
15 mins
TOTAL TIME
40 mins
Recipe type: Cheese
Cuisine: Indian
Serves: 12 ozs


INGREDIENTSCheesecloth
8 cups whole milk
¼ cup freshly squeezed lemon juice

INSTRUCTIONS
Line a large colander with a large double layer of cheesecloth, and set it in your sink.
In a large non stick pot, bring the milk to a slow gentle boil over medium heat, stirring frequently to avoid burning the bottom. This will take some time so Be patient!
Add the lemon juice and turn the heat down to low. Stirring gently, you should almost immediately see the curds (white milk solids) and whey (the greenish liquid) separate.
Remove the pot from the heat and pour the contents into the cheesecloth-lined colander. (You can save the whey for another purpose, by the way our chickens love the stuff! Gently rinse with cool water to get rid of the lemon flavor.
Grab the ends of the cheesecloth and twist the ball of cheese to squeeze out the excess whey. Tie the cheesecloth to your kitchen faucet and allow the cheese to drain for about 5 minutes.
Twist the ball to compact the cheese into a block, place it on a plate with the twisted part of the cheesecloth on the side and set another plate on top. Weigh the second plate down with something heavy like a can of beans or a heavy pot, or brick. Move to the refrigerator and let it sit about 20 minutes.
That's it, you can now unwrap your disc of homemade cheese! It is now ready to use in any number of Indian dishes, like Panak paneer.


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