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 Best Inspirations For Home Office Design

Your home office can be just situated in a small corner of your room while a small desk can be placed in the most convenient place. Well, as far as home office is concerned, you can definitely play and add some twist to its design. No matter how small the room is, with proper home office design, you are rest assured that you can definitely make it into something as if you’re not in your own home office.

To give you an idea as to how you can design your own home office, take a look at the top 10 most stunning home office designs where you can get some inspiration from and use in designing your own home office.

1. Boho


This is a home office design that people are really obsessed about. In this kind of design, you are allowed to mix the idea of modern and vintage boho to make your home office adorable and very cozy to look at. To emphasize the boho design of the office, you can add some plants, vintage accessories as well as ethnic patterns.

2. Rose Quartz


One of the commonly chosen designs is the Rose Quartz for home offices. This is a design that adds the best kind of color to your home office which makes it even more stunning. Rose quartz design can be matched with grey, white and black color of your office.

3. Green Touch



If you are a nature lover, why not stick to green color only? This is not just about the items found in your home office, but about the plants that you’re going to make as the focal point of your home office. You will be amazed with how your home office will look like with green plants.

4. Artsy



If you are one of those people who really love arts, why not make use of your skills in designing your home office? You can put big paintings in your home office with bold colors, which will make it look and appeal great to your eyes.

5. Small and Cozy


Not all people have enough space to make their dreamed home office, but this is not a problem since a tiny space at home can be transformed into an amazing office. All you have to do is to turn it into something different. You can do this by using some painting, adding some small plant pots and smaller sofa to make it into your dream home office.

6. Scandinavian Style



Most of those who want to have their own home office prefer a Scandinavian style but if you really want to have it, why not make it an original and pure Scandinavian home office? This type of home office design is simple in shapes and colors. The simplicity of the Scandinavian style gives you the chance to create so many ideas to make your home office more stunning to look at.

7. Black and White



You can make use of black and white color as your home office design. If you want to make white color as the main detail, you can always do so. This creates a light and pleasant atmosphere with a dark interior. This is very chic and classic especially if you are going to use wood furniture other than green plants.

8. White and Black



White and black is a famous combination for home office designs because of its clean and very simple look. It is considered to be a pure contrast having some small details in its colors. You can add some plants that can add a touch of green to your home office. If you love to work with two different colors, you can always do it.

9. Light Blue



If you want to emphasize a clean home office design that is easy to look at, you can choose to have a light blue office design. This is a very gentle color that leaves enough amount of space in your office when combined with other colors. You can even choose darker shades of blue or just mix it with other colors to make the details even clearer. Pastel colors can be mixed with light blue, so you can create an amazing and great home office design.

10. Norwegian Style



It is a fact that Scandinavian style is the commonly chosen home office design these days. On the other hand, a Norwegian style-inspired home office is simple and easy. This is because it does not need too many details. It is just about having a dark interior which matches with the wood tables as well as sac and vase to create a unique and amazing Nordic offer that is just right for you.
Article Source : Top 10 Stunning Home Office Design @ sitehomedesign

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