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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!

KOREAN CHICKEN KABOBS

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An amazing combination of sweet and spicy! And the chicken comes out perfectly tender and juicy with a finger-licking sticky glaze!




Have you tried Korean fried chicken yet?

There’s this place in Koreatown a few miles from home that I always go to – probably once a month. They serve it mild, medium or hot. I always get the mild but my mouth is on fire for days!

Still, it’s the best Korean chicken I’ve ever had.


Now I have tried to recreate this, but not the fire-on-the-mouth situation, in kabob form. Because, hello, we’re still smack dab in the middle of summer. We still need like 27 more kabob recipes to get us through this season.

And hey, it’s way healthier than the fried version. So you’re welcome for that.

Now all we need is a super simple gochujang marinade – it’s perfectly sweet and spicy, and it makes for the perfect sticky glaze you just can’t get enough of.

Gochujang is readily available in most grocery stores in the Asian foods section – and you can make so much with the leftover gochujang like bibimbap and kimchi fried rice!



KOREAN CHICKEN KABOBS


yield: 6 SERVINGS

prep time: 2 HOURS 30 MINUTES

cook time: 20 MINUTES

total time: 2 HOURS 50 MINUTES


INGREDIENTS:

1/4 cup gochujang (Korean red pepper paste)
1/4 cup reduced sodium soy sauce
2 tablespoons seasoned rice wine vinegar
2 tablespoons light brown sugar
1 tablespoon toasted sesame oil
1 tablespoon freshly grated ginger
3 cloves garlic, minced
2 pounds boneless, skinless chicken breasts, cut into 1-inch chunks
1 1/2 tablespoons canola oil
1 green onion, thinly sliced
1/2 teaspoon toasted sesame seeds

DIRECTIONS:


In a medium bowl, combine gochujang, soy sauce, rice wine vinegar, brown sugar, sesame oil, ginger and garlic. Reserve 2 tablespoons and set aside.
In a gallon size Ziploc bag or large bowl, combine gochujang mixture and chicken; marinate for at least 2 hours to overnight, up to 8 hours, turning the bag occasionally. Drain the chicken from the marinade, discarding the marinade.
Preheat grill to medium high heat. Thread chicken onto skewers; brush with canola oil.
Add skewers to grill, and cook, turning occasionally, until the chicken is completely cooked through, reaching an internal temperature of 165 degrees F, about 10 minutes. Brush skewers with reserved gochujang mixture, cooking for an additional 1-2 minutes.
Serve immediately, garnished with green onion and sesame seeds.

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