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!

Amazing Vintage Mid Century Furniture Ideas

Ever since man set his artistic instincts on furniture, he has managed to produce great pieces, some of which are relics that have been passed down through generations. In addition, each era and civilization has seen unique designs of furniture that are a reflection of fashion trends and artistic movements of those periods. These trends have also been changing with time; some replicating themselves over the years while others remaining ascribed to the periods within which they were designed.


Despite the changes in design over the years, an observable trend of the Vintage mid century modern furniture is the focus on artistry, craftsmanship and attention to detail. However designers of modern classic furniture have also managed to achieve a functional balance between technology, purpose and aesthetics to yield simple practical pieces different from traditional styled vintage furniture.

Here is a list of designer vintage mid century modern furniture that you can purchase for your household

Art deco tables




These are one of the best examples of vintage mid century modern furniture, with simple elegant shapes, characteristic of art deco design. When purchasing such tables, go for the dark mahogany or ebony types that bring out the vintage appearance. Most of these tables were designed in the 1930s.

Vintage chairs





These exist in a variety of shapes and also finished with different materials. For example, the Knoll armchair built in 1965 is made of bronzed steel wire and nylon. There is also a child chair designed by Italian American designer Brertoia that is made of enameled steel with woolen upholstery. The Eames chair designed in 1946 by Charles Eames is a recliner with a matching foot stool. It has been modeled with plywood and leather upholstery and placed on a metal frame. There is also the Wassily arm chair that has been the most mass produced. It is made of chrome plated steel tubing and canvas.

Furniture ornaments






These also exist in a number of designs and styles and portray a good example of modern classic furniture. You can find them in form of lamp stands, sculptures or even items like gothic styled bird cages. All these are finished with elaborately detailed carvings and decorations. These ornamental artifacts are best used to accentuate the furniture setting and are best placed in conspicuous places like the living room where they can be seen.

Standalone chests and drawers






These include chests that are finished with elaborate carvings and decorations on their surface which is a typical characteristic of modern classic furniture. It is not easy to find brand new types that have been sculpted on the surface unless you order a customized version. However, you can still get one either from a friend or through auction sales. Some of these chests were built during the earlier centuries with intricate designs finished with gilt bronze mounts and marble.

Couches and bed carriages





These are designed both for functionality as well aesthetic appeal. Most of them owe their design to Roman era style and craftsmanship. These couches really stand out and are assembled using simple material such as cane and rush that marries tradition and function.

Article Source : Amazing Vintage Mid Century Furniture Ideas @ trend4homy

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