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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!

10 Cute Desk Decor Ideas For The Ultimate Work Space

Whether you’re writing high school term papers, a budding college student or have finally entered into the world of young professionals, it’s no secret that most of us get our best work done at our desks. Our work space is where our ideas come to life, so having a work area that’s inviting and makes us feel happy is essential for our everyday lives.

Whether it’s your home office, in your bedroom or your dorm desk, nailing an aesthetic and vibe that is unique to you is a must. To give you a little desk decor inspo, here are some of the cutest desk decor ideas from Pinterest that will help you transform that desk into your dream work space.

1. Make Use Of Your Walls


If you’re tight on space, adding shelving to your walls is a great way to maximize what you’re working with. Use your shelves for storage but also bring them to life with cute decor and photos!

2. Vintage Vibes


I’m not saying you have to switch out your computer with a sewing machine. But – incorporating decor with vintage vibes like an old desk lamp or a wire grid are cute accents for your space.

3. The One With The Green Thumb


One of my favorite desk decor ideas! There’s nothing like being surrounded by cute plants and greenery to give you some inspiration. It’s basically proven that plants make us happier people…so why not surround yourself with good vibes? You might just get your next million dollar idea!

4. Let Your Rug Do The Talking


If you’d rather keep your space pretty simple so it doesn’t look cluttered, that’s OK. After all, organization is a must when it comes to desk decor ideas. One way to dress up any space is simply by adding a rug!

5. Stick With A Color Scheme


Sticking with neutrals will always give your space a put-together, organized look. Add a pop of color with some greenery or mix in some textures with a fur blanket. The desk decorations will make your space!

6. The Chic Space


If you have that go-getter #GirlBoss attitude, then this is the perfect space for you. Light pink with pops of gold show you’re not afraid to show your feminine side and get the job done at the same time.

7. The Minimalist


This look is perfect for a person who likes to keep it simple with just the essentials. Jazz up your space with a little bit of wall decor to tie everything together! After all, minimalism is super chic and trendy.

8. All White Everything


There’s something about the color white that always gives off a clean, organized, fresh feel. And who doesn’t want their work-space to feel like that? Just make sure to take those shoes off before sitting down…

9. Mid Century Modern


One trending style you’ve probably been seeing a lot of when it comes to home decor is a mid century flair. From chairs to desks and decor, the mid-century is coming back to the 21st century.

10. Ultimate Girl Boss


This adorable desk decor space is made for the ultimate Girl Boss driven to be a leader and a star. Funky accents like light-up decor and fun prints will bring your space together.



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