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 'Kaya Toast' Taste Good

The sheer mention of the name kaya toast brings water to my mouth. Imagine warm and crispy toasted bread, slathered with a nice layer aromatic kaya jam (Malaysian coconut egg jam), and complete with a thin slice of cold butter.

Such is the breakfast enjoyed and loved by many in Malaysia and Singapore. While the rest of the world indulge in fruity jams, we devour with no guilt or with any health concerns the saturated kaya, which is made of eggs, coconut milk, and sugar.

Traditionally, the bread is toasted by hand using charcoal fire, which adds a tint of smoky flavor to the bread, but in modern days, a toaster works just perfectly. The other secret is cold butter, rock solid cold butter which you cut a thin slice and then put in between the two warm toasts.

Serve your kaya toast with a half-boiled egg, and a cup of dark coffee, preferably Malaysian kopi-O. This is how we enjoy our breakfast back home. I hope you get to try my kaya recipe and also make yourself and your family kaya toast, for breakfast, tea break, or a before-bed snack


How To Make Kaya :

Ingredients:
  •  4 or 5 eggs
  • 200 g (7 oz) sugar
  • 1/2 cup coconut cream
  • 3/4 cup coconut milk
  • 3 pandan leaves, tie into a knot
  • 1 1/2 tablespoons cornstarch + 1 1/2 tablespoons water
For Caramel:
  • 50 g – 75 g sugar
Instructions :
1. Crack the eggs into a big bowl or container, follow by the coconut cream, coconut milk, and sugar. Whisk well, or using an electronic hand mixer, whisk the mixture well. Filter the mixture with a strainer.

2. Transfer the egg mixture into a sauce pan (non-stick preferred). Add the pandan leaves into the egg mixture and turn on the heat to medium low. Using a wood spatula or a pair of wooden chopsticks, keep stirring the mixture until they are cooked, about 20 minutes. To thicken the kaya, add the corn starch mixture, stir to combine well with the kaya. Please take note that lumps will form in the jam.

3. In the meantime, heat up the sugar for the Caramel in a sauce pan until the sugar melts into caramel. When the color becomes golden brown, add the caramel into the kaya, stir to combine well. The color of the kaya should be golden brown. Turn off the heat.

4. Let the kaya jam cool down, discard the pandan leaves and transfer the kaya to a blender. Blend until it reaches a silky smooth consistency and without lumps. Transfer the kaya to a jam bottle. You can keep it in the fridge for about a week

Lets back to 'Kay Toast'

Kaya Toast Ingredients :
  • Kaya
  • Butter
How To make Kaya Toast :

 Kaya toast is made of kaya, bread, and butter. Learn how to make kaya toast with step-by-step picture guide. Best kaya toast ever! | rasamalaysia.com
Toast your bread and cut out the crust. You can keep the crust if you like. Cut the bread into two pieces and spread a nice layer of kaya jam on top of the bread.

Kaya toast is made of kaya, bread, and butter. Learn how to make kaya toast with step-by-step picture guide. Best kaya toast ever! | rasamalaysia.com
Cut a thin piece of cold butter and put on top of the toast. Make sure the butter is cold so it’s easier to cut.

Kaya toast is made of kaya, bread, and butter. Learn how to make kaya toast with step-by-step picture guide. Best kaya toast ever! | rasamalaysia.com
The other half of the bread ready to go on top.

Kaya toast is made of kaya, bread, and butter. Learn how to make kaya toast with step-by-step picture guide. Best kaya toast ever! | rasamalaysia.com
 
Kaya Toastready....

The warmth of the freshly toasted kaya toast melts the butter and both kaya and butter mix together and come oozing out. This is how the perfect kaya toast should be. Bon appetit.



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