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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!

Tom Yum Noodle Soup

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Sour and spicy soup made from lemongrass, kaffir lime leaves & galangal filled with prawns, mushrooms, tomatoes , onions and rice vermicelli noodles. Delicious & ready in 20 minutes.
Friends are great… most of the time….. until they become annoying and you want to just kick them in the face.

You know… the time they think it’s the funniest thing in the world when they start (and won’t stop)  repeating everything you say. Ok fine. We were 7. But still… so annoying.

Or the time you had to threaten to end the friendship just because they didn’t feel like sharing their ice cream. Ok still 7. Nevertheless…. annoying.

And how about the friend who instead of saying “Hi, how are you” asks “When are you going to make Tom Yum” for the 100th time?

I get it. You like Tom Yum. So here is your damn Tom Yum Miss P.

Ingredients
  • 3.75 oz rice vermicelli, soaked in water for 5 minutes
  • 4 cups prawn stock, chicken broth or water (see notes 1)
  • 4 lemongrass stalks, bruised and cut into 3" length
  • 2" galangal (blue ginger), peeled
  • 12 kaffir lime leaves, bruised

Chilies (see notes 2)
  • 1 fresh red chili, sliced
  • 1 fresh green chili, sliced
  • 1-5 fresh bird eye chilies, cut in half
  • 2 - 3 tbs fish sauce
  • 2 - 3 tbs lime juice
  • 2 - 3 tbs Thai roasted chili paste
  • ½ tsp brown sugar
  • Salt to taste
  • ½ small onion, cut into small squares
  • ½ tomato, cut into thin wedges
  • 4 baby bella mushroom, sliced
  • 12 raw, peeled large shrimp
  • Cilantro

Directions
  1. In a pot, add water enough to cook the noodles. Over medium high heat, bring it to a boil. Once boiled, add the noodles and cook for 1½ minutes, drain and set aside.
  2. While boiling water (for noodles), add the chicken broth, lemongrass, galangal, kaffir lime leaves and chilies (see notes 2) in a large saucepan. Over medium high heat, bring the stock to a boil. Once boiled, simmer covered for 15 minutes. Discard the lemongrass, galangal, kaffir lime leaves and chilies(optional).
  3. Turn the heat to medium high and add the fish sauce, lime juice, chili paste, sugar and salt. Taste and adjust seasoning according to your preference.
  4. Add the onions, tomatoes and mushrooms. Let it cook for 1-2 minutes or until almost soft. Add the prawns and cook for another 1-2 minutes or until prawn is almost cooked through. Add the noodles in, give it a taste and adjust seasoning if necessary. Garnish with cilantro and serve immediately.
Notes
1. Tom Yum soup can be easily made using water. But for flavor pack broth, it's best to use prawn stock. Chicken broth can be used too but it will obviously have chicken flavor which some may not like in their tom yum soup. To make prawn stock, you'll need heads and shells of 2 lb prawn and 4 cups + 2 tbs water. Fry the prawn shells and heads (with some oil) in a stockpot until fragrant and pink, then add the water and bring to boil. Simmer covered on low for 30 - 45 minutes, strain and use as stock. Make a large batch and freeze for future consumption. 

2. How much chilies you add and whether or not your deseed all or half the chilies will be dependent on how spicy you like your soup. If you're not sure, deseed all the chilies and add the chilies first. If you want more heat, you can always add the seeds into the soup.

3. To reduce total cook time, I usually prep the ingredients for the stock first (lemongrass, galangal, kaffir lime leaves and chilies). While the stock is cooking, I prep the rest of the ingredients.

4. You can replace or add other ingredients eg. squid, claims, other greens or mushrooms.

5. I use rice vermicelli because that was what I had on hand but you can use whatever noodles you like. I cook the noodles in water first because they release starch which if cooked in the broth would thicken the broth.

6. Lemongrass, galangal and kaffir lime leaves can be found in Thai markets or some Chinese markets. Depending on your grocery store, you may find Thai roasted chili paste at the International aisle (Thai Kitchen brand can be found at Whole Foods).

Recipe Source:curiousnut.com

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