Cut the beef chuck and peppers in dice, and thinly slice the onions.
Warm up the oil in a large pot or Dutch oven on medium heat. Once warm, add the onions and a little salt.
Mix well, cover the saucepan with a lid, and reduce the heat to medium-low. Allow then the onions to soften and turn golden. This will take approximately 7-10 minutes.
Add the beef to the onions and mix well, searing the meat on all sides.
Next, add the bell pepper cubes to the browned beef and onion, and mix well.
Cover the pan with a lid and allow the stew to cook for about 10 minutes. This will allow the peppers and onions to release their juices and create the gravy base for the German Goulash.
After about 10 minutes, add the paprika, and adjust salt and pepper as needed.
Mix well, allowing the spices to blend well and cook.
Finally,cover the goulash soup with water - add just enough for all the ingredients to be submerged.
Cover the pan again and allow this easy Goulash recipe to simmer for 2 hours on a low flame, and stir occasionally.
Once the meat is tender and it achieves the desired consistency, taste for seasoning and adjust if needed.
Serve with your favorite side of potatoes, pasta, or gnocchi, some sour cream, and sprinkle a little fresh parsley on top for decoration if liked. Enjoy!