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!

7 Pink Bedrooms Inspirations

It’s no secret that we are a fan of pink around here. Give us all the shades of blush and rose. But decorating with pink can be difficult. If done incorrectly, it can come off as juvenile. Also, have you ever tried to convince your husband to paint a wall pink? It’s pretty tricky. But it’s all about balance. Read on for 7 examples of bedrooms that perfectly incorporate our favorite hue into the space.


Who would have thought blush and black would work so perfectly together? But the matte black in this space just pairs perfectly with the blush walls and neutral décor.


If anyone knows how to incorporate color into a home, it’s our girl Elsie. She added a blush ceiling but left the walls white, giving it a completely grown up, yet feminine feel.


Throwing my own bedroom in the mix here because I always get asked how I talked my husband into a fully pink bed. We live in a rental so painting the walls isn’t an option for us. But our bedroom is a good compromise of subtle pinks that aren’t overwhelming for my punk rock hubby.


If you’re going to go for it, I say go for it! Mix it up with different shades of pink and different textures to give your bedroom a really fun, bohemian feel.


If your style is a little more glam, try incorporating metallics and unique accent pieces into your space. I love that night table with the mother-of-pearl inlay! It goes beautifully with the velvet rose headboard.

A good way to make pink feel not so overwhelmingly “feminine” (we’re firm believers that colors shouldn’t be assigned to gender, everyone should love pink!) is add a rich contrasting color. This room takes peachy pink walls and bedding and adds in gorgeous navy blues for a perfectly paired contrast.

When in doubt, just go neutral. If your heart is set on painting your walls pink, you can keep the furniture and textiles more neutral to balance it out. It gives it a sophisticated, yet serene feel to the space.

Article Source : 7 Pink Bedrooms That Any Woman (Or Man) Would Love @ theglitterguide

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