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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!

15 POPULAR DECORATING & INTERIOR STYLES FOR 2020

Decor trends come onto the scene quickly, but they don’t last forever. Try using your favorites to keep your home in style this year.

1. COPPER ACCENTS

If you’re wondering why copper accents are trending in 2020, just take a look at this breathtaking hammered copper farmhouse sink by Sinkology – it should clear things up for you!


2. CURTAINS

This year – blinds are out, and curtains are in. Floor to ceiling curtains have an elegant, polished look that makes windows appear larger, and rooms feel cozier. In addition, curtains add texture and depth to a room.


3. GEOMETRIC & ABSTRACT BACKSPLASHES

Although many of these options look amazing, only one backsplash made the 2020 home decor trends list – Geometric & Abstract backsplashes. Kitchens featuring geometric pattern backsplashes are in this year!


4. GREENERY & HOUSEPLANTS 

Decorating with greenery and house plants is an easy way to add visual interest to a room. And, natural plants fit right in with most design styles.


5. Indoor-Outdoor Living Spaces

This beautiful home in Bozeman, MT showcases why indoor-outdoor living spaces are trending. The great room features massive windows that let in tons of natural light. When the glass wall is opened to the back patio, it give the whole space a fresh open-air feel.


6. Layered Rugs

Layering rugs is a popular trend for 2020, and it’s no surprise why. Layering rugs is great way to double the texture and depth in your space. Not to mention it just looks and feels so cozy.


7. Leather Furniture

Leather furniture has always been a staple of interior design due to its timeless beauty, and natural durability.  My three favorite materials for decorating are: wood, stone and leather.


8. Accent Walls

Accent walls are all the rage this year. They come in all different colors and finishes – from dark black paint, to white shiplap, and everything in between.  An accent wall is the perfect style update for a boring room.


9. Minimalist Style

The minimalist Style is trending in 2020, and for good reason. Checkout this bedroom! Some people see minimalism as cold and uncomfortable, but it doesn’t have to be. The style can be clean, simple, and elegant.


10. Unique Ceiling Designs

Architects and interior designers are paying more attention to detail in 2020, especially when it comes to ceilings.


Article Source : HOME DECORATING TRENDS 2020 | 24 POPULAR INTERIOR DECOR IDEAS @ joyfullygrowingblog

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