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!

Moroccan Chicken or Turkey Kebabs (Brochettes)




Total:45 mins
Prep:30 mins
Cook:15 mins
Marinating:3 hrs
Yield:8 to 10 skewers (4 servings)

These flavorful, zesty kebabs are usually made with either chicken or turkey breast, but dark meat can be used if you prefer. Plan ahead, as marinating the meat for at least several hours will yield the best results.

Saffron is optional, but very complementary. A little bit goes a long way, so don't be tempted to use more than the amount specified below.

You can serve kebabs right off the skewer as an appetizer or part of a multi-course meal, but they also make a great sandwich filler. Try pairing them with tomato and roasted pepper salad and stuff them into wedges of Moroccan khobz or pita-like batbout.



Ingredients1 1/2 pounds boneless chicken or turkey breast
2 teaspoons salt
2 teaspoons paprika
1/2 teaspoon ground black pepper
1/2 teaspoon ground ginger
Optional: 1/4 teaspoon crushed saffron threads
1/2 teaspoon turmeric
1 or 2 cloves garlic (pressed or finely chopped)
3 tablespoons fresh parsley (chopped)
1 1/2 tablespoons lemon juice
1 1/2 tablespoons vegetable oil or olive oil


Steps to Make It
Note: while there are multiple steps to this recipe, this dish is broken down into workable categories to help you better plan for preparation and cooking.

Gather the ingredients.

Marinate the Meat

Trim the breast of any fat, skin, or stray pieces of cartilage or bone. Wash, drain, and pat dry. Cut the poultry into 3/4-inch cubes and set aside while you make the marinade.

To make the marinade, measure out the remaining ingredients into a medium-sized plastic or glass bowl. Stir or whisk to combine.

Add the cubed chicken or turkey to the bowl and stir with a large spoon to fully coat the meat with the marinade.

Cover first with plastic, then aluminum foil or a plate (the second cover prevents the garlic odors from escaping) and place the bowl in the fridge. Leave the chicken or turkey to marinate for several hours or overnight.

Cook the Brochettes

When ready to cook, transfer the marinated chicken or turkey to skewers. The wooden skewers should be pre-soaked in cold water to avoid scorching.

Preheat your grill or broiler to medium to medium-high heat. Do not use high heat or the brochettes will dry out.

Cook the brochettes, turning several times, for 7 to 10 minutes, or until the meat is nicely colored on all sides. Be careful not to overcook.

Serve immediately or wrap in aluminum foil to hold warm.

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