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!


This post may contain affiliate links. Read my disclosure policy here.

Baked Bang Bang Chicken is a crispy chicken Chinese restaurant favorite served in a delicious spicy homemade sauce, ready in 30 minutes.

A chicken recipe that the whole family will enjoy with a cook time that fits into a busy schedule. This version of Bang Bang Chicken is baked rather than pan fried, making it a healthier option for dinner. The nice thing about this delicious recipe is how easy it is to find sides to go with it, because it compliments so many vegetables and proteins. Also, don’t let the breading fool you, Bang Bang Chicken is healthier than fried chicken.

To start, you are going to need four different shallow bowls to put your ingredients in. Mix together the ingredients for the sauce in bowl number one, and then set it aside while you finish making the rest. Whisk the eggs with some salt and pepper in bowl number two, and start drying the chicken with a paper towel. Once they’re dry, cut the skinless chicken breasts down into bite sized pieces. Set out your all-purpose flour in bowl number three, and your breadcrumbs, onion powder and garlic powder in your fourth and last bowl.

Next, you take your boneless chicken pieces, cover them in flour and them dip them in the egg mixture. Once the chicken is coated, set it in the breadcrumbs. Make sure to flip it over so that both sides get enough of the breadcrumbs on them, and then put the chicken on a baking sheet. Spray the chicken with vegetable oil and it’s ready to go in the oven, and with a 30 minute cooking time you have a chance to whip up a tasty side dish.


Sriracha, mayonnaise, vinegar and sugar are our key Bang Bang Sauce ingredients. The spicy sauce is tangy, with just a little hint of heat to it. If you aren’t a fan of hot sauce, don’t worry: this is a mild heat that won’t melt your face off. To give it a little extra kick, try adding in some red pepper.


If you like the sauce, next time you should try it on other kinds of protein, like Bonefish Grill Bang Bang Shrimp. Bang Bang Sauce makes meat more tender due to the vinegar, and compliments the flavors of everything from tofu to chicken thighs. You never know what new recipes you’ll come up with by experimenting with Bang Bang Sauce on any variety of dishes.


Bang Bang Chicken, or Bon Bon Chicken, is a beloved Chinese dish that is thought to have come from the Qing dynasty, although some chefs claim that it is even older, from the Ming dynasty. The traditional method for making it came about because of the need to butcher chicken quickly enough to justify the cost of labor. Chefs discovered that beating the chicken with a large stick or hammer broke the meat into smaller pieces that didn’t need to be cut smaller and could be served easier.

We took few shortcuts with our tenderization process (we couldn’t find a hammer). Instead, the vinegar in the sauce keeps the chicken juicy and tender.

Peanut Noodles: This is a great way to use that extra peanut butter you have lying around. Peanut sauce is a Thai favorite, and this delicious ramen dish has only five ingredients, so it’s easy to make.
Tofu Stir-Fry: Tofu cooked in soy sauce, sesame oil and rice wine, mixed with fresh vegetables that is ready in 20 minutes. You can also try it with Thai peanut sauce.
Crunchy Asian Lime-Peanut Slaw: Crunchy, zesty and healthy, lime-peanut slaw is a great lunch on the go.
Potstickers: You can’t go wrong with potstickers, they go with pretty much any dish.


Chicken is safe to eat once the internal temperature reaches 165 degrees F (73.9 degrees C), according to the USDA’s website. No matter how cooked the chicken looks, you should always test the thickest part with a probe thermometer to make sure it is completely done.

Serve: Once you take it off the stove to serve it, don’t leave it out of the fridge for longer than two hours.
Store: If you wrap it in an airtight container, Bang Bang Chicken will be good for three days in the fridge.
Freeze: Don’t freeze it. Reheating frozen breading never turns out right, so you should definitely enjoy it fresh.

An easy dinner that is filling and fun, Baked Bang Bang chicken is easy to make and fun to eat.

Yield: 6 servings
Prep Time: 15 minutes
Cook Time: 15 minutes
Total Time: 30 minutes
Course: Main Course
Cuisine: Chinese

1/2 cup light mayonnaise
2 tablespoons Sriracha
1 tablespoon sugar
1 tablespoon rice vinegar
2 large eggs
1/2 teaspoon kosher salt
1/4 teaspoon coarse ground black pepper
2 chicken breasts , boneless skinless
1 cup flour
2 cups panko breadcrumbs
1 teaspoon onion powder
1 teaspoon garlic powder
Vegetable oil spray


Note: click on times in the instructions to start a kitchen timer while cooking.
Mix the mayonnaise, Sriracha, sugar and vinegar in a small bowl and set aside.
Whisk the eggs, salt and pepper in a shallow bowl.
Cut the chicken breasts into 1” chunks.
Place the flour into a shallow bowl.
Mix the breadcrumbs, onion powder and garlic powder together in a shallow bowl.
Preheat the oven to 375 degrees.
Coat the chicken with the flour, then dredge in the egg mixture, then into the panko mixture and add to a large baking sheet.
Spray with vegetable oil spray for 2 seconds.
Bake for 22-25 minutes or until golden brown.
While still hot, toss with the sriracha mayonnaise mixture.


Halaman Berikutnya

Subscribe to receive free email updates: