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!

Korean Black Noodle Recipe

Jajangmyeon (or jjajangmyeon), is another popular Korean-Chinese noodle dish. In fact, it’s a huge part of Korean food culture. Everyone loves it!


Deeply embedded in the childhood memories of most Koreans, jajangmyeon is a dish that parents often treat their children with on special occasions, such as graduation, exam days, birthdays, etc. In recent years, jajangmyeon has become a symbolic dish that single people eat with their friends on Black Day to commiserate with each other over black noodles.

If you have the Korean black bean paste called chunjang (춘장), this dish is very easy to make at home. The black bean paste is first fried in oil. This process helps remove the bitter taste of the bean paste. The fried (or roasted) black bean paste is called jjajang (짜장). You can buy either one from most Korean markets. To balance out the bitterness and saltiness of the black bean paste, it’s important to add a little bit of sugar.

 
In Korea Jjangmyeon maked with pork for the meat, but of course you can substitute it with any meat or seafood. Typically, jajangmyeon includes vegetables such as onion, cabbage, zucchini, and potato. In this jajangmyeon recipe, I used good chicken stock to give the sauce extra flavor, but water is fine too.

Here is an easy, delicious jajangmyeon (noodles in a black bean sauce) recipe:
Ingredients :

  • 12 – 14 ounces fresh jajangmyeon/udon noodles 
  • 5 tablespoons Korean black bean paste (chunjang or jjajang)
  • 2 tablespoons oil (canola or vegetable oil)
  • 1 tablespoon sugar
  • 1 tablespoon oyster sauce (optional)
  • 4 ounces meet
  • 1 tablespoon rice wine (or mirin)
  • 1/2 teaspoon grated ginger
  • salt and pepper
  • 1 large onion 4 ounces cabbage
  • 1/2 zucchini (about 4 ounces)
  • 1 tablespoon oil (canola or vegetable oil)
  • cucumber matchsticks for garnish (optional)
  • 1 cup chicken stock (or water)
  • 1 tablespoon potato or corn starch*, dissolved in 1/4 cup of water

Instruction :

  1. Have a pot of water ready to cook the noodles. Turn the heat on when you start cooking the meat. This way you will have the boiling water ready, for cooking the noodles, by the time the sauce is done.
  2. Prepare the pork and vegetables by cutting them into 1/2 - 3/4 inch cubes. Marinate the meet with a tablespoon of rice wine (or mirin), ginger, salt and pepper while preparing the vegetables.
  3. Add the black bean paste to a small saucepan with the oil, sugar, and the optional oyster sauce. Fry it over medium heat for 2 - 3 minutes, stirring constantly. (If using pre-fried/roasted black bean paste, you can skip this process. Just add the sugar and the optional oyster sauce when stirring in the bean paste.)
  4. Heat a large pan with a tablespoon of oil over medium high heat. Add the meat and stir fry until no longer pink. Add the vegetables and cook until soft, stirring occasionally.
  5. Stir in the black bean paste and mix everything together until all the meat and vegetables are coated well with the paste. 
  6. Pour in the stock (or water) and bring it to a boil. Cook for 3 to 4 minutes
  7. Stir in the dissolved starch and cook briefly until the sauce is thickened. Add more sugar to taste.
  8. Add the noodles in the boiling water. Cook according to the package instructions and drain. Do not overcook. The noodles should have a firm bite to them. Place a serving size of noodles in each bowl. Spoon the sauce over the noodles and garnish with the optional cucumber matchsticks.

                                                             Jjangmyeon ready to serve.......

      

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