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!

Takoyaki


Takoyaki, or Octopus Balls is one of Japan’s best-known street food originated in Osaka.  Whether you make traditional style with bits of octopus or other alternatives, these ball-shape dumplings are fun to make with your friends and family!





Takoyaki (たこ焼き) is a Japanese snack in the shape of little round balls containing pieces of octopus. Tako-yaki literally translates to “octopus-grilled/fried” and some people may call it “Octopus Balls” or “Octopus Dumplings”.



Don’t Like Octopus?


Ingredients

  ·      2 green onions/scallions
  ·      1 Tbsp pickled red ginger
  ·      4.2 oz cooked octopus (4.2 oz = 120 g) (See notes)
  ·      ¼ cup katsuobushi (dried bonito flakes) (¼ cup = 4g)
  ·      1 cup all-purpose flour (1 cup = 4.2 oz = 120 g)
  ·      2 tsp baking powder
  ·      ½ tsp kosher salt
  ·      2 large eggs
  ·      1 tsp soy sauce
  ·      1½ cup dashi (1½ cup = 360 ml)
  ·      2 Tbsp neutral flavor oil (vegetable, canola, etc)
  ·       cup Tenkasu/Agedama (tempura scraps) ( cup = 15 g)

Topping
  ·       Takoyaki Sauce (Tonkatsu sauce)
  ·       Japanese mayonnaise

Instructions

1.    Gather all the ingredients.
2.    Cut green onions into fine slices and mince 1 Tbsp. red pickled ginger.
3.    Cut octopus into ½ inch (1.5 cm) bite size pieces (cut into smaller pieces for kids so they can chew easily). I use “rangiri” cutting technique.
4.    Grind ¼ cup (4g) katsuobushi (bonito flakes) into fine powder.
5.    Add 1 cup (4.2 oz/120 g) all-purpose flour, 2 tsp. baking powder, ½ tsp. kosher salt in a large mixing bowl. Whisk to combine all together.
6.    Add 2 large eggs, 1 tsp. soy sauce, and 1 ½ cup (360 ml) dashi.
7.    Whisk all together until well-blended and transfer the batter to a 2-cup measuring cup with a handle (or any other pitcher with a spout for easy pouring).

8.    Heat the takoyaki pan to 400F (200C) over medium heat. Using a brush, generously oil the takoyaki pan (both the holes and connecting flat areas). When you see smoke coming from the pan, pour the batter to fill the holes. It’s okay for the batter to slightly overflow the holes. Usually as you add ingredients to the batter it will overflow.
9.    Add 1-3 octopus pieces in each hole depending on its size and sprinkle katsuobushi powder on top.
10.Then sprinkle tenkasu, green onion, and pickled red ginger.
11.After 3 minutes or so, when the bottom of the balls has hardened slightly, break the connected batter between each ball with skewers. Then turn each piece a 90 degree, stuffing in the edges as you are turning. The batter will flow out from the inside of each takoyaki ball and creates the other side of the takoyaki ball. After you finish flipping, set timer for 4 minutes. Keep turning constantly so each piece will have nice round shape. Home takoyaki grill doesn’t equally distribute heat so it’s good idea to swap takoyaki balls around to get even brown color. Transfer takoyaki balls onto a plate and pour takoyaki sauce, mayonnaise. Finish off with sprinkling katsuobushi and dried green seaweed. Serve immediately (but be careful – inside is VERY hot!).





Recipe Notes
Octopus: Cooked octopus can be purchased in Japanese grocery stores. Not a fan of octopus? You can include veggies (my kids love corn), cheese, small mochi pieces... choices are endless!

Source; Click

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