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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!

Airfried Cajun Salmon


AIRFRYER (PHILIPS AIRFRYER!), FISH
Airfried Cajun Salmon
The problem with most home-cooked salmon is that it tends to get overcooked. I’ve heard many people (my own family included!) say that salmon sashimi ‘always tastes better than cooked salmon’ because it is so moist and tender, and cooked salmon tend to be dry. That’s because you’re frying your salmon to death!

I’ve seen lots of recipes cooking salmon in the airfryer for 15 minutes and the cook wonders why the salmon is tough after cooking. If your salmon is about 3/4 of an inch thick (as most salmon fillets are), all you need is 6-7 minutes in a preheated airfryer. For even thinner slabs like the tail part, 6 minutes max is all you need.
I use the first-generation Philips 9220, so I set the temperature to 180C, then turn the knob to 5 minutes. In the mean time, I prepare my fish (just sprinkle Cajun seasoning all over – not too much, just enough to coat) and when the orange light is off, I fry my salmon skin side up, on the grill pan for 7 minutes. Eat immediately and don’t let it sit in the airfryer. You don’t want the residual heat to continue cooking the fish. I use this Cajun seasoning but you can use any other brand:
Optional step: If you like crispy keropok-style skin like in this old Airfried Cod Fish recipe, just open your AF drawer at the 3rd or 4th minute and use a pair of tongs to gently lift the skin off the salmon. Fry the skin alongside. When the time is up, remove the salmon and continue to fry the skin for 2-3 minutes until the timer goes off. Let it remain in the airfryer for 1-2 more minutes so it’ll be super keropok-style crispy.

Have fun with this super-simple recipe. You’ll never have to eat dry salmon ever again. Moist, juicy and delicious, always!
Airfried Cajun Salmon (budgetpantry.com)
Serves: 1 (or 2, as part of a Chinese meal)
Total cost per salmon fillet: $8

What you need:
  • 1 piece fresh salmon fillet (about 200g)
  • Cajun seasoning (just enough to coat)
  • A light sprinkle of sugar (optional)
  • Juice from a quarter of lemon, to serve
Steps:
  1. Preheat your airfryer to 180C. For the Philips airfryer, the orange light will go off to indicate that the temperature has been reached. For other brands, typically just preheat for 5 minutes.
  2. Clean your salmon and pat dry. In a plate, sprinkle Cajun seasoning all over and ensure all sides are coated. You don’t need too much. If you prefer a tad of sweetness, add a light sprinkling of sugar. NO seasoning time required. I airfried direct.
  3. For a salmon fillet about 3/4 of an inch thick, airfry for 7 minutes, skin side up on the grill pan. Serve immediately with a squeeze of lemon.

How much I spent:
$8 for fresh Norwegian salmon
Everything else from my pantry


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