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!

DRUNKEN NOODLES (PAD KEE MAO)

If you love Thai food, then you’re probably already familiar with drunken noodles, or pad kee mao. There are a few theories about the origin of the name, but the most common explanation is a simple one: these noodles are perfect after a night of drinking with friends.


Thai basil is often easier to get in Western markets, and it works great in this recipe. Thai basil and holy basil have their own special flavor that’s missing from regular old Italian basil, so my rule is that you must use one of these two types.

Drunken Noodles (Pad Kee Mao) Recipe
Drunken Noodles (Pad Kee Mao) is a favorite Thai dish made with rice noodles and Thai basil. Drunken Noodles is a favorite late night dish after drinking!



Ingredients
For the chicken & marinade:

  • 2 tablespoons water
  • 12 ounces sliced chicken thighs or chicken breast
  • 1 teaspoon soy sauce
  • 1 teaspoon oil
  • 2 teaspoons cornstarch

For the rest of the dish:

  • 8 ounces wide dried rice noodles
  • 1½ teaspoons brown sugar, dissolved in 1 tablespoon hot water
  • 2 teaspoons soy sauce (Thai soy sauce preferred)
  • 1 teaspoon dark soy sauce
  • 1 tablespoon fish sauce
  • 2 teaspoons oyster sauce
  • pinch of ground white pepper
  • 3 tablespoons vegetable or canola oil
  • 3 cloves garlic, sliced
  • ¼ teaspoon fresh grated ginger
  • 2 shallots, sliced (about ⅓ cups)
  • 1 scallion, julienned into 3-inch pieces
  • 4 Thai red chili peppers, deseeded and julienned
  • 1 cup loosely packed holy basil or Thai basil
  • 5 to 6 pieces of baby corn, split in half (optional)
  • 2 teaspoons Shaoxing wine

Instructions

  1. Work the two tablespoons of water into the chicken with your hands until the chicken absorbs the liquid. Add the soy sauce, oil and cornstarch, and mix until the chicken is evenly coated. Set aside for 20 minutes.
  2. Follow the directions on the rice noodle package to prepare your noodles. What I usually do is prepare a stainless steel bowl with hot tap water to soak the noodles for about 15 minutes. Then I just drain them and set aside.
  3. Stir together the dissolved brown sugar/water mixture, soy sauces, fish sauce, oyster sauce, and white pepper in a small bowl and set aside.
  4. Heat your wok until it's close to smoking, and spread 2 tablespoons of oil around the perimeter of the wok. Add the chicken and let it sear for 1 minute on each side until it's about 90% cooked. Remove from the wok and set aside. If the heat was high enough and you seared the meat correctly, your wok should be still clean with nothing sticking to it. If not, you can wash the wok to prevent the rice noodles from sticking.
  5. Continue with the wok on high heat and add 1 tablespoon of oil, along with the garlic and grated ginger.
  6. After a few seconds, add the shallots. Stir fry for 20 seconds and add the scallions, chili peppers, basil, baby corn and shaoxing wine. Stir-fry for another 20 seconds and add in the rice noodles. Use a scooping motion to mix everything for another minute until the noodles warm up.
  7. Next, add the prepared sauce mixture and stir-fry at the highest heat for about 1 minute until the noodles are uniform in color. Take care to use your metal spatula to scrape the bottom of the wok to prevent sticking. Add the seared chicken and stir-fry for another 1 to 2 minutes.

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