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!

SHIPLAP WALL AND PALLET WALL: TRY SOME TIPS & IDEAS BEAUTIFUL DIY WOOD WALL

A pallet wall or shiplap wall can instantly transform a room from OK to OMG. The timeless beauty of a simple horizontal plank wood wall is just irresistible.


The big plus is: a plank wood wall is very easy and low cost to DIY.

When using real wood, always leave a gap for wood expansion. The horizontal gaps you see on shiplap walls are for practical reasons too! Or use tongue and groove lumber which will allow for wood movements as well.

Here’s a detailed guide all about finding and working with pallets :

DIY PALLET WALL


This gorgeous bedroom accent wall is made with pallet boards!

WHITEWASHED PALLET WALL.


Whitewashing pallet wood creates a soft and natural weathered wood look, which is perfect for this modern farmhouse style !

ANOTHER WAY TO INSTALL PALLET WALL.
Another way to install a pallet wall is to first screw 1x4s onto wall studs, then screw the pallet boards onto the 1x4s.


The advantage of this method is that you will have less holes on the wall, since it takes a lot less screws to attach the 1x4s to the wall. The rustic pallet wall looks beautiful with industrial style light fixtures and vintage crates!

HOW TO HIDE WALL MOUNT TV WIRES WITH PALLET WALLS OR SHIPLAP WALLS.


This tutorial offers great tips on how to hide wall mount TV wires when you build a pallet wall or shiplap wall behind it.


PALLET WALL IN THE KITCHEN AND LIVING ROOM.


A pallet wall can be used as a great accent wall. The natural wood wall adds warmth to a black and white kitchen, or a room with splashes of color!


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