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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!

KOREAN STYLE POPCORN CHICKEN

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Are you ready to indulge yourself in this crunchy and sticky Korean style popcorn chicken? 

Korean style popcorn chicken (Dakgangjeong, 닭강정) is a popular Korean street snack in Korea. The boneless chicken nugget is deep fried and coated with Korea’s special sticky, spicy, tangy and sweet sauce.

I know it’s a mouthful to describe but because of these reasons, I think it’s totally worth making it! 😉 It’s crunchy and moreish and perfect as a party appetiser.

I used to eat it a lot after school on my way home. The street vendor I used to go to served it in a paper cup and they gave me a toothpick to eat it with, so it was very easy and convenient to eat while walking home.

I don’t know who invented this Korean style popcorn chicken and when, but I want to say to whoever you are, it’s BRILLIANT!
However, all these facts will be dependent on the cook’s choice in ingredients.  Therefore, these two may result in the same outcome depending on who’s cooking it and how. 😉

I personally prefer Korean style popcorn chicken over typical Korean fried chicken because it’s easier and more neat to eat than typical Korean fried chicken.

Anyway, I hope you show some Korean fried chicken love this weekend! I’m sure your family and friends will appreciate this!

Korean style popcorn chicken recipe. It's a type of Korean fried chicken! It's crunchy and coated with sticky, sweet, tangy and spicy sauce! A perfect crowd pleaser!

Ingredients
MAIN
  • 500 g chicken thigh fillets (18 ounces), rinsed under cold water, cut into bite sized pieces, or breast fillets
  • 150 g fresh Korean rice cake (5.3 ounces), cut in half (if you’re not using fresh rice cakes, separate and soak them in warm water for 10 mins before cutting. Pat dry with some kitchen paper.)
  • 1 Tbsp rice wine
  • 2 tsp ginger powder
  • 1/2 tsp fine sea salt
  • 1/4 tsp ground black pepper
  • 1 cup potato starch or corn starch
  • Some cooking oil , I used rice bran oil

SAUCE (MIX THESE IN A BOWL)
  • 5 Tbsp tomato sauce (ketchup)
  • 1 1/2 Tbsp gochujang (Korean chilli paste)
  • 2 Tbsp honey
  • 2 Tbsp dark brown sugar
  • 1 Tbsp soy sauce
  • 2 tsp sesame oil
  • 1/2 tsp minced garlic

OPTIONAL – TO GARNISH
  • crushed nuts or seeds (e.g. walnut, peanut, pistachio, sunflower seeds and sesame seeds, etc.)
  • finely chopped green onion – if you want the nice colour contrast

Instructions
  1. Place chicken pieces into a large mixing bowl. Add the rice wine, ginger powder, salt, and ground black pepper and mix them well. Cover the bowl with plastic wrap and marinate the chicken for 30 mins in the fridge.
  2. Coat each chicken piece with the starch powder thoroughly. (It’s best doing this in 4 to 5 batches so that they are well covered with the starch powder.)
  3. - Pour some cooking oil into a deep saucepan/wok and boil until it reaches 175 C/ 347 F. 
  4. - Deep fry the rice cakes in batches until the outer layer turns crispy (under 30 seconds to avoid possible rice cake explosion). Take them out and set aside onto kitchen paper to absorb any excess oil. Repeat this with the remaining rice cakes. 
  5. - Deep fry the battered chicken pieces in batches until golden and cooked through (2 to 3 mins). Take them out and set aside onto kitchen paper to absorb any excess oil. Repeat this with the remaining chicken. (Don’t put too much chicken in one go as it can lower the oil temperature down.) To make the chicken extra crunchy, double fry them one more time. Set aside.
  6. Pour the sauce into a heated skillet. Boil it on medium heat until the sauce thickens a little bit (1 to 2 mins). Stir constantly. Add the double fried chicken and coat with the sauce quickly and thoroughly. Garnish with your choice of toppings (e.g. crushed nuts, seeds and green onion). Serve.
Recipe Source:mykoreankitchen.com

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