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!

Egg Drop Soup



A quick and easy comforting recipe with minimal ingredients this Egg Drop Soup is a healthy, tasty option made in under 15 minutes.Soup is one of our favorite things around here. There is just something super comforting about sitting down with a warm bowl of freshly made soup that is just awesome.

This Egg Drop Soup is one of those recipe that we make all year long. Whether we are feeling sick, wanting a quick and easy healthy dinner option or just because this is the soup we run to.
WHY THIS RECIPE WORKS:
With minimal ingredients and one pan, this soup whips up in under 15 minutes.
The flavor of this soup is neither overpowering or underwhelming, the flavors are strong enough to enjoy but tame enough to not be too much.
Using ingredients that are readily available with no “weird” additions make this egg drop soup recipe simple and tasty.

We regularly have themed nights in our house and we always pair this soup with some of our other ethnic favorites such as Potstickers, Sweet and Sour Chinese Chicken and our Shrimp Tempura Rolls.

This Egg Drop Soup recipe can either be a stand alone recipe or easily served alongside many different meals, we go either way.

Plus it is SUPER easy to whip up! Let me show you how!

Course: Soup
Cuisine: Chinese
Prep Time: 5 minutes
Cook Time: 10 minutes
Total Time: 15 minutes
Servings: 4 people
Calories: 64kcal


Ingredients

4 cup chicken broth
1/2-1 tsp fresh grated ginger
1 Tbs soy sauce
2 Tbs water
2 Tbs cornstarch
2 eggs beaten
3 green onions chopped
Salt and pepper

Instructions

In pot on stove add your broth, ginger and soy sauce and bring to a boil.
Mix together your water and cornstarch and add to boiling broth and stir, reducing heat to medium.
Using a whisk slowly pour in your beaten eggs into your broth and stir clockwise until all eggs are added.
Whisk in (in the same direction) your chopped green onions, salt and pepper.


Notes

We use cornstarch as a thickener for this recipe, you do not need to thicken if you do not want to so you can absolutely skip that step.
Yes you can swap out ground ginger for fresh, reference the not above for measurements.
Some additions that people add to their egg drop soup is corn, peas, bok choy, spinach, tofu, etc.
You can swap out broths for this recipe some suggestions are using vegetable or bone broth.
Add a drizzle of sesame oil at the end of cooking for a more rich flavor.


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