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!

Ginger Bok Choy Soup with Noodles

Ginger Bok Choy Soup with Noodles
The ginger broth is really what makes the soup but the bok choy is always such a nice treat. Also, this soup is great with any type of greens so if you’re unable to find bok choy, you can still make this oup!
BOK CHOY SOUP
variations
I use this ginger broth for numerous soups. Occasionally I’ll add a splash of soy sauce or lime juice, but the recipe above is fairly standard for how I make the broth.
NOODLES/GLUTEN-FREE: If you’re looking to keep this gluten-free, I would recommend using rice noodles. Simply adjust the cooking time as needed.
GREENS: I don’t have many recipes for bok choy, so this soup is usually my go-to. However, kale, chard or other Asian greens would also work with this soup.
TOFU: If you’re looking to add a bit of protein, tofu would a good choice. Occasionally I’ll also do a fried or poached egg on top of this bok choy soup.

Ginger Bok Choy Soup with Noodles
Author: Erin Alderson
 Prep Time: 10 mins
 Cook Time: 25 mins
 Total Time: 35 minutes
 Yield: 2 large bowls
 Cuisine: Soup
This bok choy soup is one of the recipes I make whenever I start to feel sick. It’s a good pick-me-up thanks to a nice zing of ginger.

Ingredients 
  • 1 tablespoon olive oil
  • 1/2 bunch scallions
  • 2 cloves garlic minced
  • 2 tablespoons minced fresh ginger
  • 2 cups low-sodium vegetable broth
  • 2 cups water
  • 1 head bok choy
  • 4 ounces ramen noodles see note
  • Salt if desired
  • Sesame Seeds for topping
  • Red Pepper Flakes for topping
Directions
  1. In a stock pot, heat olive oil over medium-low heat. Trim the ends off the scallions and chop up the light green stem. Save the dark green tops for topping. Next, add the scallions to the pot with the garlic and ginger. Cook, stirring occasionally for 2 to 3 minutes until the garlic and ginger is fragrant.
  2. Pour in the vegetable broth and water. Bring to a boil, reduce to a simmer, and cook for 5 minutes.
  3. While broth is simmering, cut the end off the head of bok choy. Cut off the stems and then cut the stems into thin strips. Roll the leaves together and also cut into strips.
  4. Add the stems to the broth and cook for 5 minutes or until stems are starting to be tender. Follow with the leaves and cook for another 5 minutes more. Finally, stir in the ramen and simmer soup until the noodles and bok choy are tender, 4 to 6 minutes. Taste and add salt as needed.
  5. Divide soup into two bowls. Then top with chopped scallion greens, sesame seeds, and red pepper flakes
RECIPE NOTES
Tips & Tricks: I’m not referring to instant top ramen noodles. Rather, I recommend ramen noodles such as my favorite dry ramen. Ramen is also available fresh or try your hand at making the noodles.
Stock up: get the pantry ingredients you will need: ramen noodles, bok choy, ginger

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