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!

TRADITIONAL CARNE ASADA TACO RECIPE WITH HOMEMADE SALSA

TRADITIONAL CARNE ASADA TACO RECIPE WITH HOMEMADE SALSA
Take your taste buds to Mexico with a traditional carne asada taco recipe of flavorful steak topped with a fresh onion relish, & drizzled with spicy homemade salsa. Bet you can’t eat just one!
TRADITIONAL TACO RECIPE: CARNE ASADA
When you think tacos, the first filling that comes to mind may be ground beef or ground turkey. There is so much more that you can put in a taco, though! We love to fill ours with carne asada, which is strips of marinated flank steak.
Marinating can feel like a pain to wait for, but if you start this the night before, it will be totally worth your time.
Trust me, this carne asada is super flavorful and tender. The biggest challenge will be keeping yourself from eating all the steak while you are cooking it!
TRADITIONAL TACO RECIPE: HOMEMADE SALSA
Now, carne asada this good needs to be spiced up with something nicer than store-bought salsa.
This homemade salsa recipe starts by roasting chile peppers, jalapenos, tomatoes, onion and garlic. Roasting them, instead of using them fresh, gives the salsa a subtle smokey flavor that will make your taste buds sing!
The salsa is quite spicy, but you can reduce the number of dried chile pods to cut back on the heat.
TRADITIONAL TACO RECIPE: TOPPINGS
When it comes time to top your traditional carne asada tacos, you have a lot of options. We like to keep it simple with Cotija cheese and a fresh onion relish, but you can add any of your favorite traditional taco toppings.
For those who find the salsa too spicy, Mexican cheese, sour cream, or avocado can all help cut the heat. If you want some veggies, shredded cabbage and sliced radishes add a nice crunch.
Whatever you choose, make sure you plan enough for everyone to have seconds!

THIS CARNE ASADA TRADITIONAL TACO RECIPE:


Carne Asada Traditional Taco Recipe
Prep Time 45 mins
Cook Time 45 mins
Total Time 1 hr 30 mins

Marinated strips of flank steak, a smokey homemade salsa, and your favorite toppings combine to create these delicious traditional tacos! Prep time does not include marinating overnight. Recipe from Food.com, used with permission. 
Course: Main Dish
Cuisine: Mexican
Servings: 8 people

Ingredients
Carne Asada
  • 1/3 cup white vinegar
  • 1/2 cup soy sauce
  • 4 garlic cloves minced
  • 2 limes juice of
  • 1/2 cup olive oil
  • 1 tsp salt
  • 1 tsp ground black pepper
  • 1 tsp garlic powder
  • 1 tsp chili powder
  • 1 tsp dried oregano
  • 1 tsp ground cumin
  • 1 tsp paprika
  • 3 pounds flank steak
For the Onion Relish
  • 1 white onion chopped
  • 1/2 cup chopped fresh cilantro
  • 1 lime juice of
For the Homemade Chile Salsa
  • 2 large tomatoes chopped
  • 2 jalapeno peppers chopped
  • 1 white onion quartered
  • 4 garlic cloves peeled
  • 4 dried red chile pods
  • 1 pinch salt and pepper, to taste
Assorted Other Toppings
  • 1 (32 oz) package corn tortillas
  • 2 cups grated Cojita cheese (optional)
  • 2 limes, wedged (optional)
Instructions
Marinating the Steak
  1. In a medium bowl, whisk together the vinegar, soy sauce, minced garlic, lime juice, and olive oil. Season with salt, black pepper, garlic powder, chili powder, oregano, cumin, and paprika then whisk until well blended. 
  2. Place flank steak in a large glass baking dish, and pour marinade over the meat. Turn meat over to coat both sides. Cover dish, and marinate overnight, or for at least 6 hours for the best flavor.
Onion Relish
  1. In a small bowl, stir together the ingredients for the relish, then cover and refrigerate. 
  2. Homemade Chile Salsa
  3. Heat a skillet over medium-high heat. 
  4. Toast chile pods for a few minutes, then soak in a bowl of water for half an hour. Meanwhile, preheat oven to 450 degrees F.
  5. Place the tomatoes, onion, jalapenos, and garlic cloves on a baking sheet, and roast for twenty minutes until toasted. 
  6. Place roasted vegetables and chile pods into a blender or food processor, add salt and pepper, and puree until smooth.
Cooking the Carne Asada
  1. Heat vegetable oil in a skillet over medium-high heat. Cut the marinated steak into strips. Cook, stirring constantly, until the meat is cooked through and most of the liquid has evaporated. 
Assembling the tacos
  1. Warm the tortillas in a skillet or microwave to make them pliable. 
  2. Arrange several tortillas on a plate and lay beef over them. Top with onion relish and salsa, as well as whatever other toppings you might like, such as Cotija cheese and a squeeze of lime.
more recipes @ https://eatingrichly.com


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