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!

Sour Beef Soup | Ciorba de Vacuta

This is a tasty soup with many vegetables and occasional gifts of tender meat. As an extra bonus, the lemon flavor and the sour cream smoothness come to satisfy your craving for an ethnic touch. You really can't go wrong with this recipe, if you're looking for a simple recipe that you'd enjoy in a Romanian home.


Ingredients:
 - Two pounds of beef (preferably with bones, for example back ribs or short ribs)
 - Three medium-sized carrots
 - Three medium-sized parsnips
 - One celery root
 - One red bell pepper
 - One green bell pepper
 - One yellow onion
 - Three small potatoes
 - Two zucchini
 - Two lemons
 - Four large tomatoes (or one 14.5oz can of diced tomatoes)
 - Three tablespoons of tomato paste
 - One bunch of parsley
 - One pound of sour cream
 - Spices: salt and pepper

Preparation:
 - Add the beef and one gallon of water to a big pot. Cover, bring to a boil, then reduce the heat to simmer (not a lot of bubbles): this helps keep the soup clearer. Cook the beef for an hour and a half, while periodically removing the foam.
 - While the beef is boiling, you have plenty of time to clean and dice the vegetables. You may want to keep them in cold water such that they stay fresh and don't change color (particularly the potatoes).
 - After an hour and a half of boiling the beef, remove it from the water, separate the meat and cut it in cubes, and discard the bones. Add the meat back to the soup, together with the diced carrots, parsnips, and celery root. Continue simmering for another 15 minutes.
 - Add the diced bell peppers, onion, and zucchini, and let them simmer for 10 minutes.
 - And the diced potatoes, and the tomatoes. Carefully mix the tomato paste in the hot soup until it becomes liquid (you can also remove a cup of hot soup, mix it with the tomato paste, then add it back to the soup). Continue simmering for 15 more minutes.
 - Remove from heat. Add the squeezed lemons, the chopped parsley, and sour cream, salt and pepper to taste. Mix, cover, and let the the flavors blend for 5 minutes.
 - Serve hot.

Presentation:
 - If possible, choose a soup bowl that is wider and shallower - this helps some of the diced vegetables break through the soup surface to reveal nice colors and texture.
 - Have extra sour cream handy, if your guests want to add more.
 - Sprinkle chopped fresh parsley on top to an extra touch of freshness.
 - Serve alongside sliced bread and chili peppers (fresh or preferably pickled).

more recipes @ http://www.artsybites.com

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