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 Takoyaki

Takoyaki is a very casual fast food in Japan. It might not be easily found at Japanese restaurants in the US or other parts of world even though it is a very popular dish.  Takoyaki tastes a little bit like round shaped Okonomiyaki, but it has a much different flavor from the Tako (octopus) cooked inside them. In most parts of Japan, people don’t treat Takoyaki as a meal.  Many people typically think of Takoyaki as something you get from street vendors at festivals and events.

It is very easy to make Takoyaki batter, and it’s even simple to cook, however, you must have a Takoyaki pan.  If you don’t have it, it’s not possible to make Takoyaki.  Luckily, today we can easily buy Takoyaki Pan online.  Some Takoyaki pans are cast iron pans to use on a stove top.   These work best on a gas stove.

Takoyaki is literally baked or fried octopus, so if you don’t use octopus, is it not really Takoyaki anymore?  ….that’s not true!  Put whatever you want inside Takoyaki.  We use cheese or sausage for kids, shrimp pieces when octopus is not available, vegetables like chopped cabbage, anything you want, really.  They are best eaten hot right out of a pan, so get a Takoyaki pan and enjoy fresh home made Takoyaki!

Takoyaki Recipe

Ingredients :
  • 2 cups (480ml) Dashi
  • 2 eggs
  • 1 tsp soy sauce
  • 1/4 tsp salt
  • 1 cup plus 2 Tbsp all purpose flour
  • 2-3 green onions, finely chopped
  • 2 Tbsp Benishoga (pickled red ginger), chopped
  • 5-6 oz octopus, cut into 1/2" cubes
  • oil
  • Takoyaki sauce or Okonomiyaki sauce
  • mayo
  • Aonori (green dried seaweed)
  • Katsuobushi (dried bonito flakes)
Instructions
  1. In a large bowl, mix well Dashi, eggs, soy sauce, salt, and flour with a whisk.
  2. Heat a Takoyaki pan with oil to very hot, just until the oil begins to smoke. Use enough oil to coat the pan using a paper towel so that the batter won't stick. Then pour batter to fill the holes of the pan.
  3. Drop octopus pieces in the batter in each hole, and sprinkle chopped green onions and ginger all over the pan.
  4. Cook at medium heat for 1-2 minutes and turn over using a Takoyaki turner (you can use a chopstick too). It can be a little tricky at first, so watch the video to see the technique. Cook another 3-4 minutes, turning constantly.
  5. Place the cooked Takoyaki on a plate and pour Takoyaki sauce and mayo over them (to taste). Finish the dish by sprinkling the Takoyaki with Aonori (green dried seaweed) and Katsuobushi (dried bonito flakes).


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