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 Easy Pieces: Simple Wooden Outdoor Dining Tables

A selection of dining tables that fulfill the requirements for outdoor furniture: longevity, capacity, simplicity (and in some cases, expandability).

The solid-teak Elan Dining Table extends to 124 inches long and is $3,050 at Design Within Reach.

Ikea’s í„ngsö Table is made from solid pine with a black or white glaze for $169.
Barlow Tyrie’s Equinox Rectangular Dining Table features a parasol hole in the center for covered dining outdoors. Made from plantation-grown teak and marine-grade stainless steel; $1,899 from Didrik’s.
The Kayu Teak Table is 79 inches long; $1,995 at Design Within Reach.
The Parsons Teak Top Dining Table is 60 inches long; $889 at Crate & Barrel.
The Rectangular Dining Table features high-quality finger-joint construction; $1,950 at Design Within Reach.
The Belvedere Rectangular Extension Dining Table from Restoration Hardware expands from 80 to 110 inches wide; $3,795.
Pure II Rectangular Dining Table by Henry Hall Designs measures 70.75 long by 37.5 inches wide; $2,700. For more information on showrooms or purchasing, contact Henry Hall Designs.
The Dakota Dining Table is made from white oak wood and measures 77 inches in length; $1,399 from Crate & Barrel.
From venerable UK-based teak furniture maker Barlow Tyrie (known for its high quality products); the 59-inch Monaco Dining Table is $1,479 at Didrik’s

BERITA LENGKAP DI HALAMAN BERIKUTNYA

Halaman Berikutnya

Subscribe to receive free email updates:

0 Response to "10 Easy Pieces: Simple Wooden Outdoor Dining Tables"

Post a Comment