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!

6 Types of Decorations You need to know that Are in the World

Decorating a house is not a job that can only be done by professionals in the field of residential design or interior. Even those of you who are laymen can decorate their own homes in a simple way so they don't get tacky results. Want to prove the above statement through your own décor? Check out the brief description of 6 types of residential decorations in the following world!

1. Scandinavian decoration
Decoration that is quite easy to do by laymen is Scandinavian decor. Scandinavian interior design that is synonymous with simplicity and nature does not require many elements. To decorate this room you only need green plants in small or medium sized pots, then place them in a corner of the room or on a table.



Also, use wood furniture and fabric elements such as feather rugs or blankets laid on the sofa.

2. Retro decoration
The next decoration is a retro decoration that reminds us of the 70s and 90s. To beautify the room with a retro design, the decoration is fairly easy. Use bright colors for home furniture. For example, red, green, blue and yellow at once. It would be better if the color is brighter and stronger.



For the walls, hang several paintings or photos of celebrities a la pop art. If you like collecting antique items such as bottles of glass bottles or cans with logo, you can also display them in the corner of the room.

3. Vintage decoration
Recent vintage-themed decorations have become popular and have become a world trend. The vintage style itself is identical to the old school impression. The room is dominated by furniture from wood, some are left in original brown and some are given color paint. Some people also like furniture, a shabby chic, whose paint has been peeled off in several parts to reinforce the old school impression.



Generally decorated in light blue, salted egg green, pink, yellow and cream. While for motifs generally use images of flowers, leaves, or birds.

4. Minimalist decor
The next decoration is also easy for the layman, which is minimalist. The main key to this minimalist interior concept is of course simplicity and firm lines. You don't need to put a lot of decorations here, just choose furniture that highlights lines and hang a number of square or rectangular or hexagon picture frames.



For color, use monochrome colors like white, black or brown. If you want a more cheerful atmosphere, place the original plastic or flower in a simple vase on the table.

5. Moroccan decoration
Moroccan decoration is not very popular among the public, but it is still interesting because it is synonymous with bright colors that can improve your mood. The decoration element also involves fabrics, either in the form of rugs, table cloths or table runners, sofa linings, bed nets, and wall decorations.



For furniture, Moroccan décor usually has an ottoman. A kind of small sofa that can also be used as a footrest and even a storage container.

6. Victorian decor
The last decoration is Victorian a la. Identical to luxury, you need to spend a lot of money if you want to decorate this Victorian room. Furniture used usually has curves or carvings on the edges. In the ceiling also need to add accents or ceiling ceilings that have carvings.


Use gold, purple, or ivory white to make it look more luxurious. Another thing you can't miss is the crystal chandelier in the center of the room.

Hopefully with a brief explanation of the 6 types of decorations in the world from Kania, you can help you decorate the room without the help of professionals. Good luck!

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