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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!

Pork Adobo with Pineapple

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Pork Adobo with Pineapple is a delicious twist on the classic Filipino adobo! With tender pork cubes, juicy pineapple chunks and a sweet and salty sauce, it’s perfect with steamed rice.


I can’t wait to share with you all the scrumptious delicacies I’ll get to try but before I get ahead of myself, let me add this pork adobo with pineapple to my list of holiday season favorites.


Case in point is this pork adobo recipe with pineapple. A simple addition of pineapple juice and chunks, our classic family dinner of adobo is now revamped and worthy of guests. With succulent pork pieces and juicy pineapples swimming in a gloriously sweet and salty sauce.

Tips on How to Make Pork Adobo with Pineapple:

  • I like to use pork butt for a good mix of meat and fat but feel free to swap with pork loin if you prefer a leaner cut or pork belly if you want a generous layer of fat.
  • To amp up flavor, sear the pork on medium-high heat until lightly browned.
  • To cook off the strong acid taste, allow the vinegar to boil uncovered and without stirring for a few minutes before adding the soy sauce.

Pork Adobo with Pineapple Recipe
 
Pork Adobo with Pineapple is a delicious twist on the classic Filipino adobo! With tender pork cubes, juicy pineapple chunks and a sweet and salty sauce, it's perfect with steamed rice!


Ingredients
  • 1 tablespoon canola oil
  • 3 pounds pork butt, cut into 1 1/2-inch cubes
  • 1 onion, peeled and chopped
  • 1 head garlic, peeled and minced
  • salt and pepper to taste
  • 1 cup pineapple juice
  • 1/2 cup vinegar
  • 1/2 cup soy sauce
  • 1/2 cup water
  • 1 cup pineapple chunks
Instructions
  1. In a wide pan over medium-high heat, heat oil. Add pork and cook until lightly browned. Season with salt and pepper to taste. 
  2. Add onions and garlic and cook, stirring regularly, for about 1 to 2 minutes or until softened.
  3. Add pineapple juice and vinegar. Allow to boil, uncovered and without stirring, for about 3 to 5 minutes. 
  4. Add soy sauce and water and bring to a boil. Lower heat, cover, and continue to cook for about 40 to 50 minutes or until pork is fork-tender and sauce is reduced.
  5. Add pineapple chunks and cook for another 1 to 2 minutes or until heated through. Season with salt and pepper to taste, if needed. Serve hot.

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