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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!

EASY CRISPY MONGOLIAN BEEF

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EASY CRISPY MONGOLIAN BEEF

This Mongolian Beef recipe is super easy to make and uses simple, readily available ingredients! Whip this up in under 20 minutes and have the perfect mid-week dinner meal!

MONGOLIAN BEEF!! We’ve been trying to recreate the perfect Mongolian beef for the longest time and finally we have the perfect recipe for you guys! This recipe is really easy to make and uses simple ingredients that won’t scare you!

It’s deliciously crispy and not too spicy. It goes perfectly with rice, and is a life-saver on a busy mid-week night! Get ready for this recipe to become your new favorite mid-week meal!
Hello everyone!! And yet again, we have a new recipe for you guys! This recipe is delicious, quick, easy and just PERFECT!! With just a handful of ingredients, you can whip this up in under 20 minutes!

Arvin and I were both trained in classical French cuisine in culinary school, but both of us have always gravitated more towards Asian cuisine. We just love everything about it – from the richness of flavors to the variety of cooking techniques – it’s all so fascinating!! And by Asian I don’t mean just East Asian, but all of Asia – including India, Middle East etc!
This Mongolian Beef recipe is super easy to make and uses simple, readily available ingredients!CLICK TO TWEET

So we’ve been focusing on more and more Asian recipes on our blog. This one being one of them!! Mongolian beef has a rich flavor without being too overpowering. It’s not spicy, yet very delicious and uses simple ingredients that are easily accessible to everyone! I’m sure you’re going to love this recipe! This recipe isn’t traditionally Mongolian, but is a highly popular Chinese takeout recipe! But trust me, this recipe tastes even better than P.F. Chang’s!
CHEF TIPS ?
To make this recipe spicy, you can add 1 to 2 tsp of red chili flakes to it. 
You don’t need to marinate the beef beforehand in this recipe, unlike the other recipes for Mongolian beef. It’s the quickest and most delicious way of making it!
Add an additional teaspoon of cornflour/cornstarch diluted in two teaspoons of water into the recipe if you want it to be slightly more thicker and stickier.

So here’s the recipe!!

EASY CRISPY MONGOLIAN BEEF
Prep time 5 mins
Cook time 15 mins
Total time 20 mins

This Mongolian Beef recipe is super easy to make and uses simple, readily available ingredients! Whip this up in under 20 minutes and have the perfect mid-week dinner meal!
Author: Scrambled Chefs

INGREDIENTS
  • 2 pounds beef tenderloin/beef chuck, cut into strips
  • ½ cup cornstarch/cornflour
  • oil, for deep frying
  • For the Sauce
  • 2 tbsp cooking oil
  • 1 tbsp finely chopped ginger
  • 1 tbsp finely chopped garlic
  • ½ cup soy sauce
  • ½ cup rice vinegar
  • ½ cup water
  • 1 tsp hoisin sauce (optional)
  • ½ cup brown sugar
  • 1 tsp cornstarch, diluted in 3 tsp water
  • 1 tsp red chili flakes (optional)
  • ½ cup green onion, chopped into 1 inch pieces
INSTRUCTIONS
  1. Start off by tossing the beef strips in cornstarch. Make sure the strips are coated evenly with cornstarch.
  2. Deep fry the beef strips for 4-5 mins, drain the oil and set aside.
  3. In a saucepan, heat oil on high heat setting. Quickly add in the ginger and garlic. Stir quickly for 10 seconds. Immediately add in the soy sauce, water, rice vinegar and hoisin sauce. Bring the sauce to a quick boil.
  4. Add in the brown sugar and cornstarch. Mix thoroughly.
  5. Now add in the beef strips and let cook for 2 minutes.
  6. Add the green onions and cook for an additional minute.
  7. Serve hot with rice.
NOTES
1. To make this recipe spicy, you can add 1 to 2 tsp of red chili flakes to it. 
2. You don't need to marinate the beef beforehand in this recipe, unlike the other recipes for Mongolian beef. It's the quickest and most delicious way of making it!
3. Add an additional teaspoon of cornflour/cornstarch diluted in two teaspoons of water into the recipe if you want it to be slightly more thicker and stickier.



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