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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!

CRISPY BREADED TOFU STEAKS

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CRISPY BREADED TOFU STEAKS
The moist and tender tofu, the zingy tomato marinade, the crispy breadcrumb coating, why am I not eating it all over again right now!?
If you were looking for a tofu recipe that you can serve along side potatoes and veg, then this my friends is it. A good ‘ol vegan meat and potatoes type dish.

Serve this with a little of your favourite BBQ sauce for dipping, and have yourself one mighty fine meal.
This recipe makes two large tofu steaks, but you can cut the tofu into smaller pieces if you like, or feel free to double the recipe as needed.
If you were looking for a tofu recipe that you can serve along side potatoes and veg, then this my friends is it. A good ‘ol vegan meat and potatoes type dish.
Serve this with a little of your favourite BBQ sauce for dipping, and have yourself one mighty fine meal.

This recipe makes two large tofu steaks, but you can cut the tofu into smaller pieces if you like, or feel free to double the recipe as needed.
Crispy Breaded Tofu Steaks Recipe
Moist and tender tofu, zingy tomato marinade, with a crispy breadcrumb coating. A quick and easy recipe that is perfect for serving with potatoes and veg. Gluten free option.

Ingredients
  • 1 block extra-firm tofu
  • 4 cloves garlic
  • 2 tablespoons tomato paste
  • 1 tablespoon dijon mustard
  • 1 tablespoon maple syrup
  • 1 tablespoon soy sauce
  • 1 tablespoon water
  • 1/4 teaspoon black pepper
  • 1/2 cup panko breadcrumbs, plus more if needed *see notes
  • 2 tablespoons olive oil (or enough to fry the tofu)
  • A side of your favourite BBQ sauce for dipping
Instructions
  1. Drain the tofu, and cut into your steak sized pieces. I like cutting it into two large steaks by slicing the block it in half lengthwise, but you could cut it into more pieces for smaller crispier tofu.
  2. Once cut, lay the tofu pieces on a clean dishtowel, and then wrap them up in the towel. Put a cutting board on top, and balance something heavy, such as a few cans on top of that. This is how you press the tofu to help release excess water. Let the tofu press for 10 to 30 minutes, the longer you press it, the drier and more firm the steaks will be.
  3. When you are ready to make your tofu steaks, mince the garlic cloves and add them to a large flat bowl that is big enough to fit one of your tofu steaks.
  4. Add the remaining sauce ingredients to the garlic bowl: the tomato paste, dijon mustard, maple syrup, soy sauce, water, and pepper, and mix together.
  5. In a separate dish that is also big enough to fit the tofu steak, add the breadcrumbs.
  6. Dip the tofu steaks in the tomato paste mixture, and use a spoon or fork to help spread a thick layer of the sauce on the tofu. Now dip the sauced tofu steak into the breadcrumbs and use your hand to help pat the breadcrumbs onto the tofu. Repeat with remaining tofu pieces.
  7. Heat the oil in a frying pan over medium heat. When hot, carefully fry the tofu pieces until they are golden brown on both sides, and heated through. About 3 to 6 minutes per side. The breading can be a little fragile and falls off easily, so I found the best technique was to use a large spatula (and not tongs) for flipping. Just be gentle when handling the tofu.
  8. For presentation, cut the tofu on an angle and serve with a side of your favourite BBQ sauce.
Recipe Notes
*You can use any type of breadcrumb for this recipe. I like to use Panko (Japanese breadcrumbs), which will make it extra crispy, but rice breadcrumbs work well if you are gluten free. Different breadcrumbs will vary the texture of the crust.

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