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!

Manduguk ( Korean Dumpling Soup )




Happy New Year!! Hope all of you had a great time with your family during this holiday season.
When Koreans talk about New Year’s dishes, tteokguk (a soup made with rice cake slices) is a must-eat dish. See my tteokguk post. It is common to add mandu (Korean stuffed dumplings), in which case the soup is called tteok-manduguk. However, in the north (now North Korea), manduguk, which is made only with dumplings, is a New Year tradition. Because the climate and land are not suitable to grow rice, this variation without rice cake slices is favored in the north. Manduguk is the soup my husband grew up eating because his parents are originally from the north (prior to the division of Korea). They were among the millions who were separated from their families as they fled to the south during the Korean war (1950 – 1953). Mandu is hugely popular in my husband’s family, and my husband can literally eat mandu everyday without getting tired of them. Like tteokguk, this soup is traditionally made with beef broth. Here, I made it with anchovy broth.
Ingredients:
16 – 20 pieces mandu ( Korean dumplings )
(Using my kimchi mandu recipe, I replaced kimchi with napa cabbage and Asian chives. I shaped the mandu differently this time. First, I sealed it tightly into a half-moon shape, and then I pressed the two ends together to create a round shape. Use egg wash or water to seal.)
Anchovy Broth:
1 cup dried anchovies
dried kelp ( 3 4-inch square pieces )
1/2 onion
4 – 5 cloves of garlic
2 scallion white parts
1 tablespoon soup soy sauce
Salt and pepper to taste
Garnish ( optional ):
1 egg
1 scallion green part
In a large pot, add 10 cups of water and all the broth ingredients. Bring it to a boil over high heat. Reduce the heat to medium low and boil for 10 minutes.
To make the egg garnish ( jidan ),* separate the egg and gently whisk each part. Heat a lightly oiled small nonstick skillet over medium heat and pour each egg part into a thin layer, tilting the skillet (similar to making crepe). Cook each side until no visible egg liquid remains. (Do not brown the egg.) Slice into 1 1/2-inch long thin strips or 1-inch diamond shapes. Set aside.
Slice the scallion into thin strips.
Return the broth to a boil over medium high heat and stir in soy sauce, salt and pepper to taste. Add the mandu, stirring gently so they don’t stick to the bottom of the pot. Boil until all of them float, and reduce the heat to medium and simmer for additional 2 or 3 minutes.
Ladle the steaming soup into bowls and garnish with the sliced egg and scallion.
Source;Click


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