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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!

Baked Spring Rolls

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I have always fried spring rolls and have not tried baking them until today. I don't know why I always felt they would not be crispy enough. But this time they were as good as fried ones and my husband could not tell that they were baked  until I told him which kind of left him confused. They were not only crisp and crunchy but also not oily. I smeared them with olive oil and they turned out great. I can eat them without feeling guilty as they are healthy.   


Ingredients: For 12 Spring Rolls

24 Spring Roll Wrappers
1/2 Cup Shredded Chicken (1/2 Chicken breast)
1/2 Tsp Garlic paste
2 Cups Japanese style flat white Cabbage (finely grated)
1/4 Cup Carrot (thinly grated) 
2 Tbs finely chopped spring onions
1 Boiled egg
1/4 Tsp Black Pepper 
1/2 Tsp Hoisin Sauce
2 or 3 drops of Sesame oil
2 Tbs Olive oil
Flour and water paste
Sea Salt as required

Method:

1. Steam the chicken breast in a covered pot with a little water, garlic paste, salt and pepper till completely cooked. Remove and let it cool.

2. Grate the cabbage finely or slice thinly with a sharp knife to get long shreds. Add one tsp salt to the cabbage and mix it well by rubbing it with the salt with your fingers till the salt is dissolved and the cabbage starts oozing out water. Drain the water and repeat working with your fingers this time without the salt. Drain well again. Then wipe the shredded cabbage with paper towels till dry. Set aside.

3. Grate the carrot or make thin juliennes from thinly sliced carrots. Finely chop the spring onions.

4. Grate a hard boiled egg. Shred the steamed chicken with a fork and knife. 

5. Mix together the carrot, cabbage, spring onions, egg and chicken. Sprinkle some salt and black pepper as per taste, then 1/2 tsp hoisin sauce and 2 or 3 drops of sesame oil.

6. Place a portion of the filling in the near corner of the spring roll wrapper and apply the flour and water paste to the far corner away from you. You can also use egg white to seal instead of flour paste. Roll over neatly while tucking the near corner under the filling. When you roll to the centre of the square fold in both the sides then roll again tightly till the end (I used 2 wrappers for each roll coz my filling was a bit moist and I didn't want them to get soggy). 

7. Brush the spring rolls with olive oil and place them on a cookie sheet lined with parchment paper. 

8. Bake in an oven preheated at 350 degrees fahrenheit for 30- 35 mins. The timing may differ with other ovens. When you are half way through baking turn them over and then bake till golden or evenly browned. 

Enjoy with sauces of your choice. 

more recipes @ http://mamasecretrecipes.blogspot.com

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