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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!

CHICKEN KABSA | ARABIAN CHICKEN AND RICE

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Chicken kabsa – Turn your next dinner into a feast with this Arabian style chicken and rice. Spiced grilled chicken and flavorful rice makes this the ultimate choice for any special occasion. Channel your inner chef, and cook up a storm for friends and family.


For this chicken kabsa recipe, you’ll need large pieces of chicken. I cut a large chicken into 6 pieces. We’ll be cooking chicken in two stages. First in the pan and then on the grill. And that’s the secret of the unbeatable taste of this dish.

There’s one important element that makes both the chicken and rice so delicious. Kabsa spice. You can either buy it from Middle Eastern grocery stores, or make your own homemade version. This spice mix is basically a blend of ground cardamom, ground white pepper, saffron, ground cinnamon, ground all spice and dried whole lime powder.

CHICKEN KABSA RECIPE | ARABIC CHICKEN AND RICE 
Feast like a king with this Arabian style flavorful rice and grilled chicken



INGREDIENTS
Kabsa spice mix:
  • ¼ tsp ground cardamom (cardamom powder)
  • ¼ tsp ground white pepper (white pepper powder)
  • ¼ tsp saffron
  • ½ tsp ground cinnamon (cinnamon powder)
  • ½ tsp ground all spice
  • ½ tsp dried whole lime powder
Chicken kabsa:
  • 2 tbsp oil or butter
  • 3 onions, sliced
  • 1 tbsp minced ginger (ginger paste)
  • 1 tbsp minced garlic (garlic paste)
  • 1 green chili
  • 2 dried bay leaves
  • 6 cloves
  • 4 cardamom pods
  • 1 cinnamon stick
  • 2 tbsp tomato puree (tomato paste)
  • 1 pinch ground nutmeg (nutmeg powder)
  • ½ tsp ground black pepper (black pepper powder)
  • ¼ tsp ground cumin (cumin powder)
  • ½ tsp ground coriander (coriander powder)
  • 3 medium carrots, thinly sliced
  • 200 g canned diced tomatoes (or 3 tomatoes chopped)
  • 2 chicken cubes
  • 1½ kg whole chicken, cut into 6 pieces
  • 3 cups basmati rice, rinsed
  • ¼ cup raisins
  • Water
  • Salt to taste
  • Raisins, to garnish (optional)
  • Slivered almonds, to garnish (optional)
INSTRUCTIONS
  1. To make kabsa spice mix, combine together cardamom, white pepper, saffron, cinnamon, all spice and lime powder in a bowl. Set aside.
  2. Heat oil in a large heavy bottomed pan over medium-high heat. Add onions, ginger, garlic and green chilies. Sauté for 2-3 minutes or until the onions turn golden brown. Add bay leaves, cloves, cardamom pods and cinnamon stick. Fry for a minute.
  3. Stir in tomato purée. Add ground nutmeg, ground black pepper, ground cumin, ground coriander and kabsa spice. Season with salt. Fry the spices for a minute. Add carrots and diced tomatoes. Stir, and cook for 2 minutes.
  4. Add chicken cubes and chicken pieces. Brown chicken, turning occasionally, for about 30 minutes. Remove the chicken pieces from the pan. Set aside.
  5. Add rice and raisins. Pour in 4 cups water. Season with salt. Bring it to the boil. Reduce the heat, cover with lid, and simmer for 10-15 minutes.
  6. Preheat grill. Grill chicken for 10-15 minutes or until cooked through. Serve rice with grilled chicken.
Recipe Adapted : CHICKEN KABSA | ARABIAN CHICKEN AND RICE @ nishkitchen

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