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!

THE BEST SUSHI OR STICKY RICE RECIPE


THE BEST SUSHI OR STICKY RICE RECIPE

This Sushi Rice Recipe is really sticky and slightly sweet, which makes it perfect for making your own sushi rolls or sashimi at home. This sticky rice recipe is easy to make and lasts for days in the refrigerator. I will teach you how to make sticky rice with all my tips and tricks. Don’t even think about skipping tip #3, even though you will try to…..

Sushi is one of my all time favorite foods. That statement is one that is newer for me because I would have never thought I was a sushi type of gal, but I am completely obsessed with it. Now, the price of a handmade sushi roll is what keeps me from eating it as often as I would like but I’ve spent some serious time learning how to make my own at home and now I make it all the time! This sticky rice recipe is the only one I use because the seasoning is spot on and the end result is super sticky, which is a must to make the perfect sushi or sashimi roll at home.

There are a couple key points for making killer sushi rice recipe and this one hits them all. Don’t be afraid of trying out your own sushi or sashimi because you will be amazed at how easy this is!

HOW TO MAKE STICKY RICE OR SUSHI RICE
Only use sushi rice. Sushi rice, which is a form of short grain rice and that is what makes it so sticky. (This brand is my personal favorite). Don’t try to use the standard long grain rice you already have in your cupboard or your roll will not work. At all. Not to mention the texture will be much too mushy.
Rinse your uncooked sushi rice well. It may seem odd or an unnecessary step, but be sure you rinse your rice until the water runs clear. This step is skipped by people in a rush but if you do, you will end up with more of a rice paste than anything. Nasty!
Sticky rice comes as it cools. Allow the finished rice to come to room temperature before using it. As the finished rice cools, it becomes even stickier so don’t rush this process. If you are in a rush, you can always transfer your cooked sushi rice into a shallow pan and allow it to cool faster.

Stay tuned for my next post which will include my favorite at-home sushi roll recipe and a video that will show the simple step by step process of rolling your own sushi!

Sushi rice recipe that is easy to make, super sticky and perfect for homemade sushi and sashimi

Author: Carole Jones

INGREDIENTS
  • 2 C sushi rice
  • 2 C water, plus more for rinsing
  • 2 Tb rice vinegar
  • 2 Tb sugar
  • 1 Tb kosher salt
INSTRUCTIONS
  1. Place the rice in a strainer and rinse the rice until the water runs clear. Use your hands to be sure all the grains are rinsed well. Place the rinsed rice into a medium pan with the 2 cups of water over high heat. Once the water begins to boil, cover the pot and reduce the heat to the very lowest setting. Cook for 15 minutes. Once the rice has finished cooking, remove from the heat, leave the lid on and let it sit for another 10 minutes.
  2. Combine the vinegar, sugar and kosher salt in a small microwave safe cup and microwave for 30 seconds. Once the rice has sat for 10 minutes, toss it well with the seasoning liquid. Allow the rice to come to room temperature before using. Store leftover rice in the fridge in an airtight container for up to one week.

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