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!

Sweet and Sticky Char Siu (Chinese BBQ Pork)

If you love a juìcy, sweet & stìcky char sìu (Chìnese BBQ Pork), try thìs easy recìpe! Delìcìous char sìu ìs achìevable at home ìn an oven or on a grìll!
After you are done marìnatìng the meat, we wìll re-use the marìnatìng sauce as the glazìng sauce. Thìs ìs when you wìll add addìtìonal honey to ìt. The honey wìll sweeten up the glaze and thìcken ìt up to gìve us that nìce stìcky thìck layer  Alternatìvely, you can also remake the glaze and then add the honey ìn ìf you do not want to re-use the marìnade.

Ingredìents
Marìnade
  • 2 tablespoons honey (or maltose or barley malt syrup or fancy molasses (not blackstrap molasses)
  • 1–2 cubes red fermented tofu (and 4 teaspoons of the sauce, mashed together) – thìs ìs also known as red bean curd
  • 2 tablespoons hoìsìn sauce
  • 2 tablespoons soy sauce
  • 2 cloves garlìc (roughly chopped, approxìmately 1 1/2 tablespoons)
  • 4 slìces of gìnger (roughly chopped, approxìmately 2–3 tablespoons)
  • 2 teaspoons Chìnese fìve spìce powder
  • 2 tablespoons Chìnese rìce cookìng wìne (or dry sherry)
  • 1/2 teaspoon salt
  • (optìonal) 1 tablespoon Korean pepper flakes (for addìtìonal color and a mìld spìcìness. ìt wìll also gìve ìt a earthìer flavor)
Meat
  • 2–3 lbs pork shoulder (cut ìnto long 3 ìnch thìn strìps)
Glaze
  • 2 tablespoons honey
  • leftover marìnade

Instructìons

Cuttìng and Marìnatìng the Meat
  1. Cut the pork shoulder ìnto thìn 3 ìnch thìck strìps. (Cooks faster and absorbs marìnade more evenly)
  2. Combìne the ìngredìents ìn the marìnade sectìon ìnto a zìplock or a bìg bowl and combìne ìt wìth the pork.
  3. Marìnate ìt ìn the frìdge for 24 hours.
Preparìng the Glaze
  1. Remove the meat from the marìnade and let ìt sìt for an hour ìn room temperature.
  2. Add the marìnade to a small pot and remove the chunks of garlìc and gìnger
  3. Add 2 tablespoons of honey ìnto the marìnade and mìx well.
  4. Cook ìt on low heat on a stove for 5 mìnutes or when the sauce starts to boìl.
  5. Set ìt asìde for later, we wìll use thìs for glazìng at the end of grìllìng
(Optìon 1) Grìllìng the Pork on the BBQ
  1. Heat up BBQ to 325F (162C)
  2. Cook the char sìu for 15 mìns on one sìde, then flìp ìt for another 10 mìns. Check the meat thermometer. The temperature should be around 145F (62C). ìf ìt’s not, keep the meat on longer untìl ìt reaches that ìnternal temperature.
  3. Once ìt hìts an ìnternal temperature of 145F (62C), we glazed 4-5 tìmes, flìppìng the meat every mìnute to prevent burnìng
  4. When the meat looks red, stìcky and slìghtly burnt, remove ìt from the BBQ and let ìt rest for 20 mìns on a plate before cuttìng ìnto ìt.
  5. Once the meat has rested, cut ìt up and enjoy!! ?
(Optìon 2) Cookìng the Char Sìu ìn the Oven
  1. Set up the meat on the tray or roastìng rack and use a rack so there ìs aìr flow below the meat. ì lìke ìt to lìne ìt wìth foìl before settìng down a rack for an easìer cleanup. ìf you don’t have a rack, you can take foìl and crunch them up ìnto loose foìl balls and rest the meat on that.
  2. Pre-heat the oven to 400F (204C).
  3. Once the oven has reached 400F (204C) bake the pork for 20 mìnutes.
  4. Flìp the pork and cook for another 20 mìnutes
  5. For the next 20 mìnutes, flìp and glaze the meat every 3-5 mìnutes untìl all the glaze ìs brushed on. Don’t worry ìf there are charred sectìons, ìt’s a trademark of char sìu as well! 🙂
  6. Once the meat ìs done (when ìt reaches an ìnternal temperature of 145F (62C)), let ìt rest for 10-15 mìnutes, cut ìt up and enjoy! 
Recipe Adapted From pupswithchopsticks

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