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 Scallop Pancakes: Haemul Pajun

Seafood Korean Pancakes: Pajun (Pajeon) – This easy Korean pancake recipe, called Haemul Pajun is loaded with Seafood (you can use shrimp or scallop) but now i prefer to use scallop, vegetables, and served with a spicy soy dipping sauce.


If you’ve hung around A Spicy Perspective for more than a few weeks, you probably know I am crazy about global cuisine. I love experimenting with unique flavor combinations, exotic spices, and classic dishes from places we’ve traveled.

Seafood Korean Pancakes: Haemul Pajun (Pajeon) are made from a standard savory pancake batter mixed with shredded potoatoes and various fresh vegetables, then are pan-fried to perfection.

Korean Scallop Pancakes: Haemul Pajun (Pajeon) Recipe
Korean Pancakes: Pajun (Pajeon) – Crispy Korean Pancake Recipe, called Pajun (Pajeon) loaded with veggies and serves with a spicy soy dipping sauce.


Ingredients:
  • 3/4 cup all-purpose flour (3.18 oz scoop and sweep method)
  • 1/4 cup rice flour
  • 2 tbs cornstarch
  • 1/2 tsp onion powder
  • 1/2 tsp garlic powder
  • 1/2 tsp sugar
  • 2/3 tsp salt
  • 1/4 tsp white pepper
  • 1 cup cold water
  • 1 egg
  • 12 medium raw, peeled scallop, patted dry, halved to make it thinner & lightly seasoned with salt
  • 10 thin green onions, cut into 2″ in length, white parts halved lengthwise (see notes)
  • 2 medium carrots, super thinly sliced
  • 2 red chilies, deseeded and sliced (optional)
Sauce:
  • 1 tbs soy sauce
  • 1 1/2 tsp rice vinegar
  • 1/2 – 1 tsp water
  • 1/8 tsp sugar
  • 1/2 tsp toasted sesame seeds
  • Couple drops sesame oil
  • 1/8 tsp chili flakes (optional)
directions:
  1.  Add a generous coat of oil to the bottom of a 10″ cast iron pan. Turn the heat to medium to preheat the pan.
  2. In a bowl, whisk together the all-purpose flour, rice flour, cornstarch, onion powder, garlic powder, sugar and salt.
  3. Add the cold water to the dry mix, crack the egg and combine until smooth. Do not over mix or gluten may form and pancake will be tough. Batter consistency is similar to a thick crepe batter. If it feels runny, add another 1 tablespoon of flour. If it’s too thick, add a little more cold water.
  4.  Sprinkle some salt and all-purpose flour onto the carrots n green onions. Add the carrots and green onions to the batter and stir. Ratio of batter to vegetables: There should be some vegetables that can’t ‘fit’ in the batter. If you don’t like too much filling, that’s fine too. Add less vegetables.
  5. When oil is almost smoking, pour half the batter in. If should be sizzling (Sizzling equals crispiness). Work quickly to spread the batter and vegetables to make sure they’re even and not too thick. Too thick of a pancake is difficult to cook through.
  6. Top the pancake with 1/2 scallop n 1/2 red chilies. Push down the scallop so that it is snug in the batter (or else it will be difficult to evenly cook the batter when you flip later).
  7. Fry for 3-4 minutes or until bottom is crisp and brown. scallop will start to turn a little brown and pancake would have almost set.
  8. Carefully flip the pancake, swirl some oil, shake the pan so the oil reaches the bottom of the pancake. Using the spatula, gently but firmly press down pancake to make sure the bottom of the pancake is in contact with the hot pan. Fry for another 4-5 minutes. Carefully check to see if the scallop and batter is cooked through. If it’s browning too quickly and pancake has not fully set, turn the heat to medium or slightly lower. Fry until it is cooked through.
  9. Keep pancake in the oven at 200 F while you make the second batch.
  10. Use a knife or a pizza cutter to slice the pancake. Serve immediately with dipping sauce.

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