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!

PANCIT BIHON (A FRIED RICE NOODLE AND PORK DISH)

Pancit Bihon is a fried rice noodle and pork dish that is super quick and easy to make. Pancit are noodles and were likely introduced by the Chinese settlers in Filipino archipelago. Over the centuries the Filipinos have adopted these noodles as there own and are seen in numerous dishes. The beauty of this dish is that comes together really quick and is a wonderful way to use up any left over ingredients you have on hand. Feel free to add whatever you like you can use any type of protein shrimp, chicken, beef etc. and an array of vegetables. It is the flavoring of soy and fish sauce along with the rice noodles that make it an authentic pancit bihon.




Typically this dish would be served with a fruit called calamansi which is similar to a lime or lemon and adds a tartness to the dish that balances out the flavors perfectly. I used lemon as I could not find the Filipino fruit here.

This fried noodle dish called pancit is very common in Filipino cuisine right after rice which is literally served with every meal.

This recipe can easily be made Plant Paradox compliant by eliminating the red peppers and using coconut aminos instead of soy sauce. Which ever way you make it fair warning you need to constantly stir or the noodles stick very quickly together or to the pan.

Did you know that the Philippines is the only country in the world that hangs their flag upside down when they are at war? Be sure to check out “Our Journey to the Philippines” to learn more about the nation made up of over 7000 islands.

We served this pancit dish family style along with their famous chicken adobo that just may be the best chicken I have ever tasted.


Pancit Bihon (A fried rice noodle dish)



This pancit bihon recipe is a classic Filipino dish that comes together in a jiffy. It is totally flexible just use whatever protein and veggies you have on hand.

Course Side Dish
Cuisine Filipino
Prep Time 15 minutes
Cook Time 15 minutes
Total Time 30 minutes
Servings 4
Calories 428 kcal



Ingredients1 tbsp. cooking oil
1/2 lb. pork sliced
2 cloves garlic minced
1 onion sliced
1 large carrot julienne
1 red bell pepper julienne
1 Tbsp fish sauce
2 cups chicken broth preferably home made
1 cup cabbage leaves cut into thin strips
1/2 lb. Rice noodles pancit bihon
wedges of lemon or calamansi for garnish
1 Tbsp soy sauce
salt and pepper to taste


Instructions:Rinse pancit bihon (rice noodles) with tap water. Drain. Set aside.
Heat oil in a large skillet. Stir-fry pork slices until cooked through.
Add garlic and onion. Sauté for a few minutes until soft.
Season with fish sauce, soy sauce and salt, pepper to taste.
Add julienne carrots and red bell peppers. Stir-fry for a few minutes.
Add chicken broth.
Heat until boiling and add the drained pancit bihon.
Let it simmer and stir to loosen the noodles (separate noodles using forks)
Add a little more broth or water if you notice that the pan is getting too dry and noodles (“pancit”) are not yet cooked well. You may also add more soy sauce and/or fish sauce to taste
Add cabbage leaves and then turn off the heat. Mix well.
Serve with lemon wedges or calamansi. Enjoy!



Recipe NotesBe sure to keep stirring after you add the noodles, they tend to get very sticky otherwise.

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