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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!

Gorgeous Garden How-To's

I am by no means a great green thumb however, I do know a thing or two about creating beautiful spaces, both indoor and outdoor. So with that being said, here are a few of my tips for creating a beautiful outdoor space that you and your guests can enjoy.


The first thing to think about when you've decided how to style or landscape your yard is typically a deck or patio. With our own yard we'll have grass and a little bit of landscaping which is great for a garden party, but we don't yet have a deck or patio. A concrete pad or block patio is a less expensive option usually but in a perfect world we'd love to build a beautiful deck for entertaining and putting great patio furniture and a bbq on.



The area I struggle with greatly is greenery and flowers. I can barely keep my indoor plants alive so the thought of keeping a garden going is a little bit daunting. Thankfully I have a few green thumbs in my life who I plan to have help me by determining what plants will work well in our yard. I have pretty limited knowledge of these things such as what plants like shade, which need full sunlight and how often they need to be watered. I'm envisioning our garden being fairly minimal to start with mainly low maintenance greenery and a few potted plants to start but down the road I'd actually love to have a little vegetable garden.

A more major element of your yard plan you might want to consider if you have the space is a small structure like a gazebo, shed or summer house. I love the idea of having a shaded area to sit and enjoy a cup of coffee in the garden. I know my yard is much too small for this but if you have the space, why not add another small structure that's not only beautiful but provides shade or shelter as well.



Lastly, the final element you'll likely want to give some thought to when creating a beautiful outdoor space would be the finishing touches. Maybe you want a unique feature and want to create a focal point with one of these fire pit ideas? Or how about adding some patio lanterns or cushions and throws to go with your funrniture? Just as your decor and accents add personality inside your home, the same applioes for the outside.



So get outdoors and enjoy the rest of the warm weather while you still can! Have a great weekend everyone 

Article Source : Gorgeous Garden How-To's @ 204park

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