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!


Andalucia is a beautiful and an unforgettable region in the south of Spain.  We’ve not been fortunate enough to see everything in that region, but from what we’ve seen of Seville and Cordoba, a visit every year would not be enough.

How do I describe ‘Espinacas con Garbanzos’?  It’s smoky, mouthwatering and ‘Moorish’.  The legacy of the Moors is ubiquitous in the region – and more so in their cuisine.  If you’ve been to Barcelona, forget about how they cook their tapas.  Even the paella in the south is way different – but then again, each region in Spain have their own way of making them.

Looking for a chickpea recipe?  ‘Espinacas con Garbanzos’ (Spanish Spinach with Chickpeas) is a popular tapa from the southern region of Spain that you can always make at home.  Healthy, delicious and ready in thirty minutes!
  • 200 grams spinach, washed
  • 1 & 1/2 cups chickpeas, soaked and drained
  • 2 cups day old bread, cubed or cut in tiny bits
  • 2 cloves garlic, chopped finely
  • 1 small onion, chopped finely
  • 2 tbsp olive oil
  • 1/2 tsp ground cumin
  • 1/2 tsp sweet smoked paprika powder
  • 1/8 tsp hot smoked paprika powder
  • 2 tbsp sherry vinegar or red wine vinegar
  • 1/4 cup water
  • salt and pepper, to season

  1. Pour 1 tbsp olive oil on a medium to large skillet. Set heat to medium and add cubed bread. Cook until slightly brown. Take off the pan.
  2. Pour remaining olive oil and add garlic and onion. Cook until onion has softened a bit.
  3. Add ground cumin, sweet paprika, hot paprika, salt and pepper. Cook for a couple of minutes, until properly combined.
  4. Add drained chickpeas and mix until chickpeas are evenly coated with the spices.  
  5. Add spinach.  
  6. Add vinegar and water. Cook for 5 to 7 minutes, until the spinach has wilted a bit, mixing constantly.
  7. Add the browned bits of bread. Mix to combine. Leave on heat for around 2 minutes. Adjust seasoning by adding salt or pepper, if desired. Take off the heat.  
  8. Serve.


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