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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!

Ultimate Vegan Buffalo Cauliflower Sandwich





Dripping in flavor, crunch and spice, this is the Ultimate Vegan Buffalo Cauliflower Sandwich! Instructions for both baked and fried versions included.

Ingredients

1 head cauliflower* cut in 1/2 inch steaks
1 cup buffalo sauce separated
1.5 tsp garlic powder separated
1 tsp chili powder
2 tbsp olive oil
1 tbsp flax meal
3 tbsp water
3/4 cup flour
3/4 cup sparkling water
oil for frying
4 ciabatta rolls
Optional Toppings lettuce, tomato, onion, avocado, vegan ranch

Instructions


Preheat oven to 425 degrees and line a baking sheet with parchment paper.

Prepare cauliflower by destemming and cutting it into 1/2 inch steaks (from top to bottom).

Combine 1/2 cup buffalo sauce, 1 tsp garlic powder, chili powder and olive oil in a bowl.

Dip each steak in the sauce and allow excess to drip off. Place on the baking sheet and cook in the oven for 10 minutes. Remove from the oven and flip the steaks. Baste with leftover sauce and cook in the oven for an additional 10 minutes. Remove from the oven and allow to cool while you prepare the batter.

Combine flax meal and 3 tbsp (flat) water in a small bowl and set aside for 5 minutes.

Add 1/2 cup buffalo sauce, 1/2 tsp garlic powder, flour, sparkling water and flax "egg" to a bowl.


IF FRYING: Heat oil in a shallow pan until it reaches 360 degrees. Dip each steak in the batter and allow excess to drip off. Working in batches, carefully add battered steaks to the oil and fry until golden on both sides (approx. 4-7 minutes). Remove from the oil and place on paper towel-lined plate until ready to serve.


IF BAKING: Place a new sheet of parchment paper on the baking sheet. Dip each steak in the batter and allow excess to drip off. Place steaks on the baking sheet and cook in the oven for 10 minutes. Remove from the oven and flip the steaks. Cook for an additional 10 minutes, or until browned and crispy.** Remove from the oven and serve immediately.


For serving, toast the buns and layer with cauliflower steaks, lettuce, tomato, onion, avocado and vegan ranch.

Recipe Notes

*Try to find a smaller cauliflower so the steaks fit in your buns. You can always cut the steaks in half if they are too large.

**You can turn the oven to broil for a couple minutes at the end to get it extra crispy. Just make sure not to let it burn.


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