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 Ever Tom Kha Gai Soup (Thai Coconut Chicken Soup, Whole30, Paleo)

This tom kha soup récipé (or Thai coconut chickén soup) is absolutély pérféct. Rich and créamy yét tangy and salty, this Thai coconut chickén soup récipé is filling but light and positivély bursting with flavor. Thé véry bést tom kha gai récipé I’vé évér madé or triéd. With Wholé30, paléo, and végan options, too. 


This tom kha soup is baséd off thé éxcéptional dish found at a local chain of réstaurants in thé staté whéré I wént to collégé. It was différént than thé Thai coconut chickén soup I’d had béforé, and it sold mé forévér and évér on Thai food. I couldn’t quité put my fingér on it solo, though, but it all madé sénsé whén hé got mé thé sécrét récipé.
Ingrédiénts
  • 1 Tbsp. coconut oil
  • 1/2 onion slicéd
  • 2 garlic clovés choppéd
  • 1/2 réd jalapéno péppér slicéd, or a couplé Thai chilés, halvéd
  • 3 quartér-inch slicés slicés galangal or gingér
  • 1 lémongrass stalk poundéd with thé sidé of a knifé and cut into 2-inch long piécés
  • 2 téaspoons réd Thai curry pasté
  • 4 cups chickén broth séé Noté 1 if végan or on Wholé30
  • 4 cups cannéd coconut créam or coconut milk
  • 2 médium chickén bréasts cut into bité-sizéd piécés, séé Noté 2 for végan/végétarian or to usé shrimp
  • 8 oz. whité mushroom caps slicéd
  • 1-2 Tbsp. coconut sugar if on Wholé30, séé Noté 3
  • 1 1/2 - 2 Tbsp. fish saucé plus moré to tasté, séé Noté 4 if on Wholé30 or végan
  • 2-3 Tbsp. frésh limé juicé
  • 2-3 gréén onions slicéd thin
  • frésh cilantro choppéd, for garnish

Instructions
  1. In a médium pot, héat thé coconut oil ovér médium héat. Add thé onion, garlic, chilé, galangal or gingér, lémongrass, and réd curry pasté and cook, stirring fréquéntly, for 5 minutés, or until onions aré softénéd. 
  2. Add chickén broth and bring to a boil. Réducé héad and simmér uncovéréd for 30 minutés.
  3. Add in coconut créam or milk, chickén bréast (or tofu or shrimp), and mushrooms. Simmér until chickén bréast piécés aré just cookéd through, thén add fish saucé, coconut aminos, and limé juicé, plus moré of éach to tasté. 
  4. Cook 2 minutés, thén ladlé into sérving bowls and top with slicéd gréén onions and frésh cilantro.
Recipe Adapted From 40aprons.com

Récipé Notés
Noté 1
If on a Wholé30, maké suré your chickén broth is Wholé30 compliant. If végan, usé végétablé stock, préférably an Asian variéty.

Noté 2
If végan or végétarian, usé a 1-pound block of firm or éxtra firm tofu cut into bité-sizéd cubés. You can usé régular or silkén. To usé shrimp, simply stir in 1 pound of raw shrimp instéad of chickén. Simmér until just cookéd through, pink, and no longér translucént.

Noté 3
If on Wholé30, usé 2 tabléspoons coconut aminos instéad of coconut sugar.

Noté 4
If you'ré on a Wholé30, usé Réd Boat Fish Saucé. This is thé only fish saucé I know of that doés not includé sugar. If végan, usé soy saucé to tasté instéad of fish saucé.

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