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!

Instant Pot Sticky Chicken Thighs



Tender, deliciously juicy, fall-off-the-bone chicken thighs prepared in the Instant Pot with a sweet and savory sticky sauce. A delicious chicken thighs recipe that’s easy to make and tastes amazing!

Instant pot sticky chicken thighs yields tender pieces of meat and crispy, juicy skin. The extra sauce is drizzled over each piece of chicken for a complete sweet and savory taste. These sticky, crispy chicken thighs are an easy dinner option that your family will love. Sweet and salty with a kick of hot sauce, it’s a perfect easy weeknight dinner served over vegetable stir fry or rice. Or both!

Chicken Thighs baked to perfection in a wonderful sauce that gives them a delicious sticky coating that is finger-licking amazing?
Course: Dinner
Cuisine: Asian
Keyword: chicken recipes, chicken thighs recipe, instant pot chicken thighs recipe
Servings: 6 thighs
Calories: 430 kcal
Prep Time
10 mins
Cook Time
20 mins
Pressure Release
5 mins
Total Time
30 mins

Ingredients

6 bone-in skin-on chicken thighs
1 tablespoon paprika
fresh ground pepper to taste
2 tablespoons olive oil divided

FOR THE STICKY SAUCE
1 tablespoon white vinegar
1 tablespoon brown sugar
1/4 cup honey
1/3 cup low sodium soy sauce
1/2 tablespoon Worcestershire sauce
1 tablespoon hot chili sauce, or to taste (like Sriracha)
3 cloves garlic minced
1/8 teaspoon ground ginger
1 tablespoon toasted sesame seeds for garnish
chopped cilantro (optional)

Instructions

Set Instant Pot to sauté mode.
Heat 1 tablespoon olive oil in the Instant Pot.
Season chicken thighs with paprika and ground pepper.
Add 3 chicken thighs at a time, skin side down, to the Instant Pot; brown all thighs for 2 minutes on each side, or until browned.
In the meantime, prepare the sauce by whisking together 1 tablespoon olive oil, vinegar, brown sugar, honey, soy sauce, Worcestershire sauce, hot sauce, minced garlic, and ground ginger.
Arrange all chicken thighs on the bottom of the Instant Pot.

Pour the prepared sticky sauce over the chicken thighs. Stir the chicken around so they are coated on all sides.

Lock the lid and pressure cook on HIGH (OR Poultry Mode) for 20 minutes.

Turn off the pot and allow to release the pressure, about 5 minutes.

Transfer chicken thighs to a serving plate.
To thicken the sauce (optional), scoop out 1/4 cup of the liquid and whisk a tablespoon of cornstarch in it.

Set the Instant Pot to sauté mode and stir in the cornstarch mixture into the sauce in the instant pot; cook for 2 minutes or until thickened.

Serve the sauce separately or pour it over the chicken.

Sprinkle chicken with sesame seeds and chopped cilantro; serve.

Recipe Notes

Remove the skin after cooking to reduce your points down to 12.

For a lighter meal, remove the skin: One medium chicken thigh without skin is 90 calories. One medium chicken thigh with skin is 140 calories. This is all before adding the sauce.

Store leftovers in an airtight container and keep in the fridge for up to 3 days.

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