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!

3 Things We Would do Again When Building a House

When you build a house, there are always things that you wish you would have done differently. In our previous houses, there have been major things that drove us a little crazy, but in this house, there are only a few minor things. So for this post, instead of focusing on the negative, I want to point out a few things that I’m so glad we did, and would most definitely do again in a new home. These aren’t the only things, but these three are at the top of the list.

Black/Dark Windows
When we built a few years ago, black windows were not being used at all in our area. Our building supplier even thought we were a little crazy for using them, and prices were high because they were more of a special order item, especially since we were doing black on the inside as well.


What I love about black windows is the contrast it creates with our white walls. They act as a focal point in a room, especially when you have a pretty view through the window. Because of this, I haven’t felt the need to hang any wall art in many of our rooms.

And on the outside, again they create really good contrast. This is one reason we haven’t felt the need to hang shutters.

Tall Ceilings and Doors
By “tall”, I mean 10ft ceilings and 8ft doors. In our other homes, we did have a few vaulted ceilings, but the overall ceiling height was 9ft, and the door openings were 7ft. With this house we went 10 and 8 everywhere, even on the second floor.

Obviously there is some added cost when doing this: more framing material, bigger doors are more expensive, and more trim material. But I think it is so worth the added cost. Rooms feel more open and bigger, and in our area, most homes have standard heights, so it makes our house different and stand out in another way.

Engineered Wood Floors
This is the second time we have used engineered flooring in a house. It’s extremely easy to install, and if you use a wider plank, it goes down quicker because your covering more area with each plank. It’s also very affordable compared to solid wood flooring.


If you’re not familiar with engineered flooring, the bulk of the plank is made up of  a layered plywood material, and on the top is a then layer of fine hardwood. This makes it stand up extremely well to any kind of moisture. So you don’t have to worry about your floor warping or cupping.

Article Source : 3 Things We Would do Again When Building a House @ plankandpillow

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