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!

Haemul Jeongol ( Spicy Seafood Hot Pot )



Cold winter days call for warm comforting soups or stews. This seafood hot pot (haemul jeongol, 해물전골) is a family favorite. It’s hearty, spicy, packed with savory and briny flavors, bubbling hot, and visually appealing! I make this dish every time my children come home. I cook it at the table over a portable grill which adds fun to the ordinary dinner table. Everyone gathers around the table, patiently watching the hot pot cooking with watering mouths, and then takes his or her own portion in a small bowl directly from the pot .
Jeongol is a type of Korean stew (jjigae, 찌게). The difference between jeongol and jjigae is subtle in some cases, but jeongol tends to be more elaborate. The ingredients are typically arranged nicely in a wide, shallow pot for an eye-catching visual appearance, and the pot is usually cooked at or by the table. This is the way the dish was prepared for wealthy and royal families in the past .



The prepared pot will initially look very full, but the ingredients will cook down significantly. Also, you don’t have to load up all the ingredients at once. You can add more as you cook or take some out to eat. Most ingredients in this recipe don’t take long to cook.

Ingredients

   ·         8 little neck clams and/or mussels
   ·         2 blue crabs or kkotge, 꽃게
   ·         8 ounces squid and/or octopus
   ·         8 ounces white flesh fish snapper, tilapia, or monkfish
   ·         8 large shrimp preferably shell-on
   ·         6 ounces soybean sprouts kongnamul, 콩나물
   ·         8 ounces napa cabbage inner tender part
   ·         3 ounces of Korean radish mu,
   ·         1 medium carrot
   ·         1/2 medium onion
   ·         2 to 3 mushroom caps
   ·         2 to 3 scallions
   ·         2 to 3 ounces of watercress or crown daisy ssukgat, 쑥갓

Seasoning (see note)
   ·         2 tablespoons gochugaru use more if you like it spicier
   ·         1 tablespoon soup soy sauce or fish sauce
   ·         1 teaspoon salt
   ·         1/8 teaspoon pepper
   ·         1 teaspoon gochujang
   ·         1 teaspoon doenjang
   ·         1 tablespoon minced garlic
   ·         1 teaspoon grated ginger

Broth
   ·         3 to 4 cups anchovy broth or water
   ·         1 tablespoon of fresh lemon juice - optional

Instructions

1.    Scrub and place the clams in salted water (1 tablespoon of salt in 2 to 3 cups of water) for 30 minutes or longer to get the clams to spit out the sand. Separate the top shell from the crab and remove the gills. Clean the shell part thoroughly, with a kitchen brush or a toothbrush, under running water. Break (or cut) the body in half (or quarters). Clean the squid and fish, and cut into bite size pieces. Clean the shrimp.

2.    Cut the cabbage, radish, carrot into thin, bite size pieces. Thinly slice the onion and mushrooms. Cut the scallion in similar lengths.

3.    Mix the seasoning ingredients well with 2 to 3 tablespoons of the broth or water.

4.    Using a wide, shallow pot, neatly arrange the vegetables in clusters, with the exception of the watercress (or crown daisy).

5.    Scatter the seafood pieces on top of vegetables, placing the clams/mussels closer to the bottom of the pan. Add 3 cups of broth and the seasoning paste, reserving 1 tablespoon to add as necessary to your liking. Top it with the watercress (or crown daisy), and cook over medium high heat until the clams/mussels are open, the fish is cooked through and the vegetables are softened. Drizzle the optional lemon juice over. Stir occasionally.

6.    You can add more broth and any remaining ingredients while eating if you’re cooking at the table.

Recipe Notes
This seasoning paste will be great for any Korean spicy stew or soup. Double the recipe and save one half for later use. Keep it in an air tight container.


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