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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!

4 Principles for Creating the Perfect Dining Room

We tend to spend a lot of time here for celebratory dinners, family events and occasions – all sorts! Even important discussions happen around the dining table so it’s important that the design is just right for all pinnacle moments.


Whether you have a separate room in the house for dining, or your dining area is open plan next to your kitchen, this room deserves to be designed with practicalities at the forefront. For that reason, it can become a minefield to know exactly how you can create the perfect Dining Room for you and your family amongst the sometimes conflicting trends. The most important thing to remember when re-designing your Dining Room is to think about what you use the space for the most and try to keep things simple, yet practical for your needs.

Here are my four principles for creating the perfect Dining Room !!

1. Furniture and Ergonomics

One of the hardest areas of the Dining Room to accomplish is choosing the right furniture for the space you have. Many people tend to go for the prettiest or most cost effective solutions but do not pay enough attention to the ergonomics of the room.


If your Dining Room is separate from your kitchen and other rooms, think about having a sideboard, rectangular table and chairs well spaced out. Of course if your room is more of a square in size then a square sized table would work much better.

For Dining Rooms that are connected to the kitchen and open plan, I would highly recommend a circular / round dining table. This is because they are much more sociable and fitting to that arrangement of living.

2. Storage






I don’t know about you, but I love to entertain. Whether that’s friends for dinner parties or family at Christmas, entertaining is one of my favourite things to do. When you do a lot of this, you need appropriate storage solutions for all those table decorations, posh or fancier plates etc and serving dishes and bowls. All of these things can take up a lot of valuable cupboard space in the kitchen so my biggest recommendation to anyone is to allow for a sideboard in your Dining Room.

3. Feature Lighting


As the Dining Room is where you will spend most of your time eating and having discussions with family and friends, it ought to be well lit. Not only for this, your children might prefer to complete their homework here, or perhaps those creative hobbies you have can be better enjoyed in the Dining Room. However you intend to use this space, it will need to be well lit.

If you have space for a sideboard, this is the perfect opportunity to style it in a similar way to a console table and add a gorgeous lamp. Otherwise, opt for a feature light fitting – floor lamp or ceiling light. If you’re changing the ceiling light here, try to stick with a fitting that is the same shape as the table below. A circular light fitting never looks great above a rectangular table.

4. Finishing Touches – Accessories

Some people may prefer to keep their Dining Rooms completely clear (or as clear as possible!) from clutter, but I believe this room can still be dressed well. If you have opted to have a sideboard here, please see my Styling Console Tables post for ideas on how to style this piece of furniture (as it is very similar to that of consoles).


The main element of this room, being the table itself, should be styled according to its primary use in your home. As discussed earlier, every family uses the room differently. It may only be used on rare entertaining occasions, or it could be used every day! No matter how you use this room, it looks absolutely fabulous when the table is dressed.

Dressing the Dining Table is more than just place matts and cutlery. It’s about the centrepiece too. If you have a circular table, a beautiful vase filled with seasonal flowers is the simplest and most effective way to dress it. For more rectangular or square tables, you can be a little bit more adventurous. I would recommend a few plant pots or vases arranged in a line (again with seasonal flowers where possible), or a large tray with a variety of accessories in.

Article Source : 4 Principles for Creating the Perfect Dining Room @ jessica-elizabeth

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