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!

Bibim Naengmyeon ( Korean Spicy Cold Noodles )

Bibim Naengmyeon (Spicy cold noodles) is a perfect way to beat the summer heat! It’s cold, spicy, sweet and tangy. Everything you need is all in one bowl !




One of my favourite ways of beating the summer heat is having Bibim Naengmyeon (비빔냉면). If you translate these words in plain English, it means ‘cold mixed noodles’.
As with Bibimbap (Korean mixed rice), the words “Bibim (mixed)” often project “SPICY” even though it is not necessarily the case all the time. So, Bibim Naengmyeon is often described as Korean spicy cold noodles.
A lot of Koreans love eating Bibim Naengmyeon in summer because it’s served cold. Sometimes, it’s even served with shredded ice made with beef broth. For sure, you will be forgetting that it’s summer while you’re eating these noodles. 
Bibim Naengmyeon is served with spicy chilled bibim sauce along with sweet, tangy and crunchy radish pickles and sweet, juicy and crispy Asian pear. Seriously, who can say no to this combination?!





INGREDIENTS FOR BIBIM NAENGMYEON (2 LARGE 0R 3 MEDIUM SERVINGS)

MAIN

·     350g/12.3 ounces dried naengmyeon noodles (Korean buckwheat noodles)
·     150g/5.3 ounces beef brisket (*see note)
·     5 cups water (*see note)
·     50g/1.8 ounces Korean radish (or daikon, pink radish), thinly sliced or julienned
·     50g/1.8 ounces Asian pear (or Bosc pear), thinly sliced or julienned
·     60g/2.1 ounces English cucumber, seeds removed, thinly sliced or julienned
·     1 hard boiled egg, halved
·     1 Tbsp roasted sesame seeds
·     A dash of sesame oil

BIBIM SAUCE

·     20g/0.7 ounces Asian pear
·     20g/0.7 ounces brown onion
·     1/4 cup reserved beef broth (from step 1 below) or water (*see note)
·     3 Tbsp Korean chilli flakes (gochugaru)
·     2 Tbsp raw sugar
·     1 Tbsp roasted sesame seeds
·     1 Tbsp Korean chilli paste (gochujang)
·     1 Tbsp soy sauce
·     1 Tbsp apple vinegar
·     1 Tbsp minced garlic
·     1 tsp sesame oil
·     1 tsp fine sea salt

RADISH PICKLE SAUCE (MIX THESE TOGETHER AND MICROWAVE IT FOR 30 TO 40 SECONDS TO MELT THE SUGAR)

·     2 Tbsp white sugar
·     3 Tbsp apple vinegar
·     2 Tbsp water
* 1 Tbsp = 15 ml, 1 Cup = 250ml

HOW TO MAKE BIBIM NAENGMYEON

1.Soak the brisket in a bowl of water and set aside for 20 mins to draw the blood out. Drain the water. Add the water (5 cups) and the brisket into a medium to large pot, cover with the lid and boil them over high heat. Skim off any scum that forms. Once the water starts to rolling boil, reduce the heat to low-medium. Simmer until the brisket is tender and cooked (I boiled them for 1 hour total. This should result in about 3 cups of broth.) Take out the meat onto a plate. Cool down the meat and the broth for 30 mins. Cut off any stringy fat and thinly slice the brisket.

2. Soak the radish in the radish pickle sauce. Set aside until the radish is softened (about 20 mins). Cover and refrigerate until you need them. FYI, the longer you pickle, the less bitter the radish becomes.
3. Combine all the bibim sauce ingredients and blend until pureed. Cover and refrigerate until needed.

4. Cook the noodles in boiling water until softened (about 2 to 3 mins). Stir often during boiling. The noodle texture should be chewy and bouncy. Drain the water and rinse the noodles under cold running water a couple of times to cool down. Drain the water quickly and divide the noodle portions for serving. Place the mound of noodles into a serving bowl.

5. Place the sliced beef, radish pickles, cucumber, pear and boiled egg on top of the noodles. Add the bibim sauce on top. Drizzle some sesame oil and sparingly sprinkle roasted sesame seeds. (Refer above pictures for decoration ideas.) Serve immediately.



TIPS – HOW TO EAT BIBIM NAENGMYEON

1.   Cut through the noodles with kitchen scissors a couple of times to make them easier to mix and eat.
2.   If you want to dilute the spiciness or want to give some moisture to the noodles when you eat, you can pour in some reserved beef broth from step 1. This broth can be added in cold or warm. You can even freeze this broth in ice cube trays and eat the noodles extra cold!
3.   At a restaurant, they have yellow mustard paste and vinegar on standby at the table. If you want an extra spice kick or zing, you can add a small spoonful of these on the noodles.



NOTE

·         Step 1 to 3 can be done ahead of time (i.e. a day before noodle assembly). This helps develop more flavour in the sauce and keep them chilled longer. Also, it makes the workload “seem lighter” as the work is done over 2 days.
·         A classic version of bibim naengmyeon sauce is made with beef brisket broth or bone broth. However if you have a particular dietary requirement, you can skip the meat/broth together. Just use water. Though I find that sauce made with broth gives more depth of flavour and it is less spicy than the sauce made with water.
·         Any leftover broth can be used for other Korean cooking. It’s particularly suitable as a soup base. (e.g. Korean rice cake soup)




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