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!

Recipe of Litti Choka From India

The simpering smokey litti, mashed potato and brinjal bharta is another delicacy from North India that will leave you craving for more. The stuffing made of sattu or powdered gram, chillies and achari masala is put inside balls, made using wheat flour dough, and sealed. Once baked, preferably on an earthen stove, the litti is served with chokha and chutney. Some like to savor their litti with a small helping of ghee.



Ingredients for Litti

For dough :
  • Wheat flour - 400 grams (2 cup)
  • Ajwain(carom seeds) - 1/2 tsp
  • Ghee - 2 tbsp
  • Curd - 3/4 cup
  • Baking soda - 1/2 tsp
  • Salt - 3/4 tsp
For stuffing(Pitthi)
  • Sattu - 200 grams (1 cup)
  • Ginger - 1 inch long piece
  • Green chilly - 2 to 4
  • Green coriander(dhaniya) - 1/2 cup(finely chopped)
  • Jeera(cumin seeds) - 1 tsp
  • Ajwain(carom seeds) - 1 tsp
  • Mustard oil - 1tsp
  • Pickle spices - 1 tbsp
  • Lemon - juice of 1 lemon (if you prefer)
  • Salt - add to taste ( 1/2 tsp)

For Chokha:

  • Brinjal(big) - 400 grams (1 or 2)
  • Tomatoes - 250 grams ( 4 medium sized)
  • Green chillies - 2 to 4 (finely chopped)
  • Ginger - 1 1/2 inch long piece ( finely chopped)
  • Green coriander - 2 tbsp ( finely chopped)
  • Salt - add to taste (1 tsp)
  • Mustard oil - 1 to 2 tsp

How to make Litti Chokha

 

Prepare dough for Litti
Filter the flour and keep it in a utensil, put Ghee, baking soda, Ajwain and salt in flour then mix well. Beat curd and put it in flour as well. Knead a soft dough using warm water. Cover the dough and keep aside for 30 minutes. Dough required to make Litti is ready.


 How to make Stuffing for Litti
Wash, peel and finely chop ginger(you can also grate it). Break the stems of the green chillies, wash then finely chop them.  Clean green coriander, wash then finely chop the leaves. Take out Sattu in a utensil put chopped ginger, green chillies, coriander, lemon juice, salt, Jeera, Ajwain, mustard oil and pickle spices in it. Mix all the ingredients properly, if the Pitthi seems dry then add 1-2 spoons of water to it, Sattu Pitthi is ready.

 How to make Litti
Break off medium sized pieces from the dough. With the help of your fingers expand the pieces 2-3 inches in diameter. Place 1- 1 1/2 tsp Pitthi on it, wrap up the dough piece and close from all sides. Press this stuffed pieces to flatten it a bit, Litti is ready for frying.
Heat the Tandoor(furnace), place the stuffed pieces of dough in the Tandoor and cook it by turning sides regularly till they turn brown (traditionally Litti is cooked on a Upla).

  
How to make Chokha for Litti
Wash brinjals and tomatoes then fry them. Allow them to cool, peel the skins, keep them in a bowl and mash with a spoon. Put the chopped spices, salt, oil and mix properly. Brinjal Chokha is ready.
If you prefe garlic and onion then peel 5-6 cloves of garlic then finely chop them. Peel 1 onion, chop it finely and mix these with brinjal.

Aloo ka Chokha (Potato Blast)
Peel 4-5 boiled potatoes break them into small pieces, add chopped ginger, green chillies, green coriander, red chilly powder and salt to it then mix well. Aloo ka Chokha is ready.

Serve
Put Chokha in a bowl, dip hot Litti in melted Ghee, Litti can also be broken at the centre and then dipped. Serve with Chokha, green coriander chutney and eat..


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