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!

Tagine of Moroccan Brochettes






Total:80 mins
Prep:20 mins
Cook:60 mins
Yield:6 Portions (6 Servings)

Of course, Moroccan brochettes are usually cooked on the grill, but in this traditional Moroccan dish, the seasoned, cubed meat is cooked tagine-style in a saffron-flavored onion sauce. It's quick, easy and very satisfying, particularly with the optional addition of poached eggs.

The name of the dish translates to "betrayed kebabs," a playful reference to the fact that the kebab meat never makes it to the skewers. No worries, though, as the final result is just as delicious as its grilled cousin, and it may just become your go-to dish for unexpected company or lazy Sunday dinners.


For the Meat2 lbs. 3 oz./1kg kebab meat (ie. beef fillet or leg of lamb)
1 large onion (finely chopped)
2 large handfuls parsley (fresh, finely chopped)
1 large handful cilantro (fresh, finely chopped)
2 teaspoons salt (or to taste)
2 to 3 teaspoons paprika
1 1/2 teaspoons cumin
1 teaspoon black pepper (some white pepper, if desired)
1 teaspoon ginger
1/2 teaspoon turmeric
Optional: cayenne pepper to taste
1 tablespoon lemon juice
1 tablespoon olive oil (or vegetable oil)

For the Sauce:1 or 2 medium onions (grated)
2 or 3 tablespoons olive oil
4 or 5 tablespoons butter (unsalted)
1/2 teaspoon saffron threads (crushed)
2 or 3 small pieces of cinnamon stick (or 1/4 teaspoon ground)
Optional: 1/2 to 1 teaspoon smen
1 cup/240ml water (approx.)

For Garnish:4 to 6 eggs
Garnish: parsley (chopped fresh)


Steps to Make ItAhead of Time, If Possible
Trim the meat of fat and cut into small brochette-size cubes. We like the cubes to be petite, about 2 cm or 3/4-inch.
Combine the meat with the spices, onion, herbs, lemon juice, and oil. Use your hands to massage the spices into the meat and set aside. If time allows, cover and refrigerate for several hours or even overnight. If not, proceed directly to the next step.

Prepare the TagineGrate the onions and transfer to the base of a tagine, a deep, heavy skillet with a lid, or other similar cookware. Add the oil, butter, and smen and bring to a simmer over medium-low heat.
Add the saffron and cinnamon. If extra zesty seasoning is desired, you can also add a little ground ginger along with some ground pepper or cayenne. Stir to combine.
Add the meat, scraping the bowl to include all the onion and herbs.
Add the water. The level of liquids should be enough to nearly cover the meat.
Cover and continue cooking over medium-low heat until the tagine reaches a simmer. Simmer for 30 to 40 minutes, until the meat is cooked through and tender and the sauce has thickened and reduced.
If eggs are going to be added, carefully crack them over the top of the tagine without breaking the yolks. Cover and continue cooking the tagine until the whites are solid and the yolks have set as much as you like. (As an alternative, you can cook the eggs separately, then transfer carefully to the meat at the serving time.)
Remove from the heat and garnish with fresh parsley. Serve the Kebab Maghdour directly from the tagine or pan, or transfer to a serving platter. It's traditionally eaten by hand from a communal dish, with each diner eating from his side of the plate, using pieces of Moroccan breadinstead of a fork.


TipsAlthough the photo shows the dish as prepared in a tagine, don't worry if you don't own one as Kebab Magdhour is just as easily prepared in a skillet or other similar cookware.
If using the optional smen, you may want to reduce the salt a bit when seasoning the meat. If you'd like more sauce than what's shown in the photo, use the larger amounts of onion, oil, and butter and slightly increase the seasoning.

Recipe VariationsAs with so many Moroccan recipes, you'll find many variations, but the basic premise here is that the meat is given the same initial seasoning treatment as brochettes. With that in mind, you'll want to use a high-end, tender cut of meat such as beef fillet or sirloin, or lamb leg or lamb shoulder. Marinating the meat for a few hours or overnight is recommended but not mandatory.


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