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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 ideas Calming Bathroom Retreats

Bath décor doesn’t have to be all about function—beautiful form is actually the difference between a ho-hum room and a relaxing retreat. Save space with sliding doors or add light with glass ones; consider heated floors and cool pallets, a soaking tub and a spa shower, historic details and clean, modern lines. Keep a large  bath fresh and airy with neutrals or ramp up the style in a small one with pattern and color.

With a little imagination, you can  into a dual-sink vanity; turn a vintage cabinet into a compact linen closet; or hide plumbing and add storage with well-placed . So explore our favorite bathroom decorating ideas, and let us inspire you to dream up a few of your own. Creative bath décor will absolutely change the way you think of this key area of your home, whether you’re building, remodeling, or just dreaming.

Gor For Pattern


Patterned wallpaper brings style to small spaces. This bath gets its pretty palette from a medallion-print wallpaper.

Let In Light


This trio of windows, set a little higher than usual, lets in lots of light while still allowing for privacy.

Open Up the Space


Give your master suite flow with French doors and glass walls. Instead of a basic doorway between this master bedroom and bath, architects visually opened up this master suite by designing a glass wall as a divider, with grommeted curtain panels that can be pulled for privacy. This look is both beautiful and versatile.

Hide the Plumbing



Required plumbing parts don’t have to ruin your under-sink open shelf look. Open cubbies below these two bowl sinks have removable panels in the back to allow access to pipes.

Design a Modern Tub Surround


Need a crisp and sophisticated tub surround? Enclose a bathtub with wood for an innovative, freestanding option. A sturdy, low wooden box was designed for housing this tub.

Use Local Accents



Keep your master bath from feeling too generic by including local materials. A shell-encrusted mirror adds softness to the sleek marble bath and clean, white walls of this coastal bath.

Wrap the Room in Tile



Gray tilework on the floors, along the walls, and as the tub surround unifies the area.

Choose Calming Colors



Soft blues are good options when you're aiming for a relaxing atmosphere. Give your master suite a cohesive look by painting the bath walls just one shade lighter than the bedroom walls.

Save Moneye with Beaded Board



Beaded-board walls cost less than tile. To ease installation, use 4- x 8-foot plywood sheets. The vertical lines of the beaded board make this master bath look taller.

Include a Linen Closet



It’s unlikely that you’ll ever hear someone complain about having too much storage. Here, plentiful linen and toiletry storage is integrated into a large wall in the master bath.

Article Source : Calming Bathroom Retreats @ southernliving

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