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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!

Tips in Creating Your Family Bathroom

Your bathroom may be the smallest room in your house, but very important. It gives a challenge during building for it includes careful consideration of plumbing, electrical wiring and structural design aspects. As such, the process can be overwhelming unless approached from the right angle.

The following are small but crucial tips that can make your work easier:

1. Start with the budget


You will need to plan well if you want to do a serious upgrade for your bathroom. Knowing how much you have to spend will dictate what type of fixtures, tiles and shower-heads you can have in the bathroom. It’s important to take time to plan and do a thorough job, rather than begin and have to end midway for lack of funds. You can ask for help from your contractor to give you an estimate of how much it would cost you. This is inclusive of material and labor.

2. Problems below the surface


If your budget allows it, consider “full gut” which must be carried out by a qualified plumbing contractor. Oftentimes, the problem areas in a bathroom are hidden under the surface i.e. With the plumbing, which can render aesthetic remodeling useless in just months. Start with your plumbing pipes and also look out for problems with floor framing and shower tile installations. Taking care of the inside will ensure you have a beautiful and properly functioning bathroom for years to come.

3. Measure everything



During planning, take into account the entire bathroom’s size, including location of electrical wires and plumbing pipes. These measurements will be important to ensure that you buy fixtures that fit properly into your space. Have a contractor carry out all the important measuring work to ensure no mistakes are made.

4. Storage and shelving ideas



Planning for storage and shelving can be tricky, particularly in smaller or irregularly shaped bathrooms. Leverage the space above your toilet and washbasin if you have limited space to use for shelving/storage. Ensure that everything is easily reachable, and that your shelves are protected from water and steam damage if you have a joined toilet-and-bathroom. Frameless shower screens are a unique, stylish and space-efficient way to do this.

5. Permits and Licenses



Generally, you need inspection and approval to make any alterations to gas, electrical, drainage and plumbing systems in your home. You may also need permits to alter load-carrying walls or resize windows. In addition, depending on the extent of work to be done (expressed as the cost of labor and materials), your bathroom renovation specialist will need some form of up-to-date builder’s licensing (the cap and name is different depending on where you live). If you’re not sure, take a walk to your local building office and inquire.



Creating a smaller bathroom will not take a shorter time than a bigger bathroom, any more than boiling six potatoes takes half the time as boiling twelve. The length of time taken to build your bathroom depends on how many things are being put up. However, you can shorten the duration by drawing up a building plan with your contractor and ensuring that all materials and fixtures are available by the time they are needed. This is especially important for homes that have a single bathroom to use.

Recipe Adapted : Tips in Creating Your Family Bathroom @ essenziale-hd

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