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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!

Black Bean Vegan Enchiladas

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These enchiladas are packed with complex flavors, plenty of nutrition and antioxidants from the black beans, tomatoes, and garlic, et al. It’s a wonderful dish for Meatless Monday.
Black Bean Vegan EnchiladasNothing can be better than enjoying these toasty warm cheesy black bean vegan enchiladas on a snowy day. My son, Leo, has the best view out of our kitchen window. He was eating the enchilada, enjoying the quiet and gorgeous snowflakes, and happily kicking his little legs all at the same time.
The first time I had enchiladas was in an authentic Mexican restaurant. I remember it was unexpectedly delicious, cheesy and rich. But I was full after eating just 1/3 of that serving. I still think corn tortillas coated with dairy cheese and stuffed with beef are too heavy to digest. However, these enchiladas filled with black beans and vegan cheese are perfect.
Black bean Enchiladas-cheese
In this recipe I used the Mexican style GoVeggie cheese (I am not affiliated with this brand.). I like how nicely it melts in the oven unlike some other brands I used before. Most importantly, we all like the taste.
There are a lot of variations to making enchiladas. This recipe was inspired by a beef version. I replaced beef with black beans, canned pickled Jalapenos pepper with a fresh one, dairy cheese with vegan cheese, and tomato sauce with homemade tomato puree. I still had some enchilada filling left so I added some romaine lettuce or leaf lettuce to it and wrapped in warm tortillas. It easily converted the leftover filling into a simple quick lunch you can take to work.
Black bean Enchiladas-preparation
Don’t hesitate to use store-bought canned black beans. It will significantly reduce the preparation time for this dish.
These enchiladas are packed with complex flavors, plenty of nutrition and antioxidants from the black beans, tomatoes, and garlic, et al. It’s a wonderful dish for Meatless Monday.
Black bean Enchiladas-straight view
4.63 from 24 votes
Black Bean Vegan Enchiladas
Prep Time
35 mins
Cook Time
25 mins
Total Time
1 hr
 
Tools: 10”saute pan and spatula, strainer, knife and cutting board, potato masher, medium sized mixing bowl, 9”×13” baking dish, pastry brush, aluminum foil.
Course: Dinner
Cuisine: Mexican
Keyword: black bean enchiladas, gluten-free enchiladas, homemade enchiladas, vegan cheese, vegan enchiladas
Servings: 4 -6 servings
Author: Joyce @ Light Orange Bean
Ingredients
  • 1 tbs canola oil
  • 1 medium size yellow onion finely chopped, approximately 8 oz
  • 2 cloves garlic minced
  • 3 tbs chili powder
  • 2 tsp cumin powder
  • 2 cups cooked black beans
  • 1 tsp salt
  • 2 cups tomato puree or 1 can 15 oz tomato sauce + ½ cup water
  • ½ cup + 1 tbs chopped fresh cilantro
  • 1 medium size jalapeno pepper seeded, finely chopped, approximately 1 oz
  • 8 oz vegan cheese Mexican style GoVeggie preferred
  • 12-14 5.5-inch corn tortillas (gluten-free if desired)
Instructions
  1. Heat oil in a saute pan over medium heat. Add onion and garlic to cook until soft and fragrant, about 3 minutes. Add the chili powder, cumin powder, and salt. Cook another 2 minutes. Add the beans and tomato puree and bring to a boil. Turn the heat to low. Mash the beans with a potato masher and simmer 5 minutes.
  2. Remove the bean mixture from the heat and strain, reserving the sauce. Transfer the strained bean mixture to a medium bowl and mix together with ½ cup cilantro, jalapenos, and 4 oz of cheese.
  3. Preheat oven to 350 °F.
  4. Spread ½ cup of the sauce in the bottom of the baking dish. Microwave 5 tortillas at a time or follow the package instructions to soften. Scoop about ¼ cup bean mixture into each tortilla and roll it up tightly. Place the filled and rolled tortillas in the baking dish seam-side down. Finish all tortillas.
  5. Dip the pastry brush in the sauce and brush the ends of each tortilla. Pour the remaining sauce evenly over the enchiladas.
  6. Sprinkle the remaining cheese over the top of the enchiladas, cover the baking dish with aluminum foil. Bake for 20 minutes. Remove the foil, bake for additional 2-3 minutes until the cheese is slightly brown.
  7. Garnish with the remaining cilantro before serving.
Recipe Notes
1. If there is any remaining bean mixture, it can be used as a filling in tortilla shells without any further cooking. Add lettuce if desired.
2. Due to different recipes of making tomato puree, the liquid content may vary. Gradually add excess water when making the bean mixture if necessary.
3.I used GoVeggie brand Mexican style cheese.  It's vegan.  You may notice that most of the GoVeggie cheese are lactose free but not vegan.  However this Mexican style is labeled vegan.  It may not be commonly seen in some stores.

These black bean vegan enchiladas are packed with complex flavors, plenty of nutrition and antioxidants. It’s a wonderful dish for Meatless Monday. (#veganenchilada #vegan #enchiladas #enchilada #glutenfreeenchilada #vegancheese #goveggiecheese #blackbeanenchiladas)more recipes @ lightorangebean.com

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