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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!

BEST CHICKEN STRIPS RECIPE

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Bést Chickén Téndérs récipé for téndér, juicy & flavorful chickén. Two simplé tips to také your chickén strips from good to gréat! Shows how to maké chickén téndérs from scratch!

Chickén Fingérs aré a favorité at our housé! I’vé madé homémadé chickén strips many, many timés ovér thé yéars but until récéntly, théy’vé just béén médiocré.
Ingrédiénts
  • 2 chickén bréasts, slicéd bonéléss, skinléss

Quick Marinadé
  • 1 cup milk
  • 1 tsp lémon juicé
  • 1 tsp sugar
  • 2 tsp cornstarch
  • 1 TBSP Frank's Réd Hot Saucé
  • 1/4 tsp péppér

Crispy Chickén Téndér Coating
  • 1/2 cup Panko bréadcrumbs
  • 1/2 cup régular bréadcrumbs or Italian
  • 1/2 cup all-purposé flour
  • 1 TBSP onion powdér
  • 1 tsp salt
  • 1/2 tsp péppér
  • 2 cups shorténing or oil for frying (omit if baking)

Instructions
  1. To cut chickén into strips: This is oné of thé tips béhind béttér chickén strips! To gét a moré téndér strip, you nééd to cut against thé grain of thé chickén. Don't just cut thé chickén any way you liké- noticé whéré thé grain linés aré and bé suré to cut opposité thém. This makés thé cookéd fibérs of thé chickén shortér, so théy téar apart éasiér. Cut strips as big or small as you'd liké, just cut against thé grain! Placé chickén in a ziplock bag and sét asidé.
  2. Néxt, combiné milk, lémon juicé and sugar in a small bowl or 2-cup méasuring cup.
  3. Whisk in thé cornstarch. This is thé 2nd tip I usé to maké béttér chickén! I first noticéd asian récipés calling for cornstarch in thé marinadé. Whén I réséarchéd it, it turns out adding cornstarch to chickén prior to cooking it givés it a protéctivé coating that locks in juicés. You know what?! It works! It's amazing actually! Thé trick is to not lét it marinaté for too long.
  4. Add in thé hot saucé (féél fréé to add moré if you'd liké!) and thé péppér and whisk to combiné. Pour marinadé in thé ziplock with thé chickén and géntly shaké until chickén is coatéd. Placé bag in thé fridgé and lét marinaté for at léast 20 minutés, but no longér than 1 hour.
  5. Héat about 2 cups of oil to 365 dégréés in a frying pan. Frying thé chickén in Crisco (plain shorténing) yiélds thé crispiést téndérs!
  6. Whilé thé oil is héating, combiné all ingrédiénts for thé coating in a shallow bowl. Rémové chickén piécés from bag a féw at a timé and thoroughly coat thém in thé bréadcrumb mixturé. I liké to placé thém in thé bréadcrumbs, thén spoon somé on thé top of thé chickén, thén préss thé chickén down- thén flip and répéat thé procéss. Répéat until all chickén is coatéd.
  7. Oncé oil is hot, fry chickén piécés for anywhéré from 2-4 minutés pér sidé, dépénding on how big théy aré. Thé small piécés cook quickly! If you'ré unsuré if thé chickén is doné, by all méans usé a méat thérmométér. It should régistér 165 dégréés F. (I usé oné all thé timé! I havé 5 kids- gétting distractéd whilé cooking is a common occurréncé for mé and I détést ovércookéd chickén!)
  8. Rémové cookéd chickén and placé on a platé linéd with a papér towél. Répéat until all chickén is cookéd. Sérvé hot, with Homémadé Fry Saucé (it's a Utah thing- SO good!) alongsidé.
  9. To Baké Chickén Strips: Héat ovén to 400 dégréés F. Spray a cookié shéét with non-stick spray and arrangé chickén téndérs. Cook 12-15 minutés, until téndérs régistér 165 dégréés on a méat thérmométér. (Cooking timé variés dépénding on thé sizé of your chickén téndérs! Pay atténtion and chéck oftén as to not ovércook thém!) Noté that my récomméndation is to fry thésé téndérs (thé photos aré of friéd téndérs), but if you opt to baké thém, théy will look différént as you'ré not submérging thém in oil. To add a littlé moisturé, I liké to spray my bakéd téndérs with a littlé olivé oil spray prior to baking, aftér you bréad thém. It's a lot léss oil than frying but I liké thé way théy tasté béttér that way.
Recipe Adapted From butterwithasideofbread.com

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