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!

How to Make ' PHO' Vietnam's Noodle

Pho is a kind of noodle food from rice flour is processed using broth sauce that is equipped with slices of meat and vegetables on it. The types of broth sauce available include beef broth, chicken, pork, and seafood. Vietnamese people love mint leaves so almost every mint leaf dish is always added in it. Pho is a savory broth of fresh broth with a mixture of lettuce, cabbage, bean sprouts, and of course mint leaves.


Making a good pho broth will feel familiar to anyone who has ever made their own chicken stock or beef stock. The process is almost exactly the same, except for the addition of a few uniquely Vietnamese ingredients like star anise, cinnamon, ginger, soy sauce, and fish sauce. These extra ingredients give pho its seductive personality and trademark balance of sweet, salty, and savory flavors.


Of all these ingredients, fish sauce is likely to be the least familiar to most of us. It’s exactly what it sounds like: a sauce made from fermented fish. It has an intense flavor and super-pungent aroma, like concentrated anchovies.

This below Recipe 'PHO' ....

EASY PHO SOUP RECIPE
Slurp your noodles with abandon in 30 minutes with this Easy Pho Soup Recipe! A quick, satisfying and full-flavor version of Vietnam’s national dish.



INGREDIENTS

PHO SOUP BROTH

  • 1 teaspoon canola oil
  • 1 small onion (peeled and halved)
  • 1 3-inch piece ginger (peeled)
  • 1 quart low sodium beef broth (946ml)
  • 2 cups water
  • 2 star anise
  • 2 cloves
  • 1 cinnamon stick
  • 2 tablespoons fish sauce
  • 1 teaspoon sugar

NOODLES AND TOPPINGS

  • 4 ounces dry flat rice noodles
  • 1/4 small onion (thinly sliced into half moons)
  • 1/3 pound sirloin or London broil steak (cut into ⅛ inch slices (putting the steak in the freezer about 15-20 minutes prior to cutting makes it easier to slice))
  • 2 stalks scallions (thinly sliced on the bias)
  • 1/4 cup fresh cilantro leaves
  • 1 cup bean sprouts
  • 6-8 mint leaves
  • 6-8 basil leaves
  • 6-8 sprigs cilantro
  • 1 lime (sliced into wedges)
  • 1 jalapeno pepper (thinly sliced)

INSTRUCTIONS

  1. In a medium size pot over high heat, add oil, onion halves (cut side down) cinnamon stick and ginger and cook for 3 minutes, stirring occasionally.
  2. Add all other ingredients for the broth and bring to a boil. Stir, lower heat to a simmer and cook for 20 minutes (uncovered).
  3. Meanwhile, cover the rice noodles with hot water and soak for 8 minutes (or follow instructions on the package). Drain and set aside.
  4. Discard onion, star anise, cloves, ginger and cinnamon stick.
  5. Divide noodles evenly among two bowls and pour broth over them. Finish by adding toppings of your choice. Serve immediately.

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