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!

Chicken Tikka Masala

Chicken Tikka Masala is an extremely popular Indian stew that’s made with chunks of tangy grilled chicken all wrapped up in a creamy, spicy tomato sauce.


In case you’re not familiar, Chicken Tikka Masala is an extremely popular Indian stew that’s made with big chunks of tangy grilled chicken all blanketed in a deliciously creamy, spicy tomato sauce.

Of course, there must exist about 2 million different recipes and methods for making Chicken Tikka Masala out there, and a lot of them are probably much closer to the authentic Indian dining experience than mine will ever be. Again — I’m not Indian, so I don’t claim to be a specialist at cooking Indian food…

Still, I think that this version is VERY tasty, super easy to make at home and is close enough to the real deal that it’ll have you want to stay in and make your own, from time to time.


Chicken Tikka Masala
Chicken Tikka Masala is an extremely popular Indian stew that's made with chunks of tangy grilled chicken all wrapped up in a creamy, spicy tomato sauce.

Ingredients
The chicken and marinade

  • 4 large boneless skinless chicken breasts cut into 1-1/2" to 2" pieces (about 1.25kg | 2.75lbs)
  • 1/2 cup plain Greek yogurt
  • 6 garlic cloves minced
  • 2 tbsp fresh lime juice
  • 2 tbsp minced fresh ginger

The spice mix

  • 1 tbsp garam masala
  • 1 tbsp ground coriander
  • 1-1/2 tsp salt I use Himalayan salt
  • 1-1/2 tsp sweet paprika
  • 1-1/2 tsp ground cumin
  • 1/2 tsp ground cinnamon
  • 1/2 tsp ground cardamom
  • 1/2 tsp ground nutmeg
  • 1/2 tsp cayenne pepper
  • 1/4 tsp ground white pepper

The sauce

  • 2 tbsp ghee storebought or homemade
  • 1 large onion chopped
  • 1 large 28oz can crushed tomatoes
  • 1 cup water
  • 1 cup heavy cream (or full fat coconut milk)
  • 1/2 cup chopped fresh cilantro or parsley plus more for garnish

Instructions

  1. Make the spice mix by mixing all the spices together in a small bowl.
  2. Then, in a large mixing bowl, combine the chicken, yogurt, lime juice, garlic, ginger, and about half the spice mix you just made. Toss until all the pieces of chicken are completely coated in the yogurt mixture and refrigerate for at least an hour, or up to overnight.
  3. Melt the ghee in a sauté pan set over medium-high heat; add the onion and cook, stirring occasionally, until it's slightly softened and golden, about 3 minutes.
  4. Reduce heat to medium-low then stir in the remaining spice mix. Add the crushed tomatoes and water and bring the sauce to a boil. Reduce the heat, cover partially and simmer the sauce until slightly thickened, about 25 minutes.
  5. Meanwhile, cook the chicken: set your oven to broil and place a grill in the top position. Thread the pieces of chicken onto metal skewers and place the kabobs across a roasting pan. Try to get the skewers to rest on the edges of the pan so the chicken doesn't actually come in contact with the bottom of the pan.
  6. Place the pan directly under the broiler and cook the chicken until it's charred, about 15 to 20 minutes total, flipping the kabobs once halfway through cooking.
  7. Add the cooked chicken and cream to the sauce, place the lid back on and let it simmer for an additional 5 minutes.
  8. Remove the pan from the heat, stir in the chopped cilantro (or parsley) and serve with cooked basmati rice if desired.


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