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!

8 AWESOME KITCHEN DESIGN WITH BEAUTIFUL BIG KITCHEN ISLAND

The kitchen island is a separate table from the kitchen set which is located in the middle of the kitchen area and can be accessed from all sides.

Placing a kitchen island in the kitchen can indeed help activities because it does not only function as a table.This can help anyone when doing activities with the family whether cooking or eating together.

1. Kitchen Island in Monochrome Style

This first design gives a minimalist impression with a monochrome style. The combination of black and white can give an elegant impression to your best kitchen.

2, Kitchen Island with wood accents

With a kitchen island made of wood, the open kitchen area will look warmer and more natural.Also combine it with neutral paint colors such as white so that it is cleaner and brighter.

3. Kitchen Island simple style

You can imitate a kitchen that uses an open concept space with a kitchen island made of simple granite.With a model like this, it won't take up much space in the kitchen area.

4. Minimalism style

You don't need to be afraid that your kitchen will look unattractive, even if you only choose a kitchen island type that has a minimalist and simple style, with good color and material selection, even your kitchen will still look gorgeous.

5. Spacious kitchen with a cozy style kitchen island

Have a large kitchen area?

You can copy the design above.

The existence of a cozy sofa, makes you feel at home for a long time when you are active in the kitchen with your family.

6.  Minimalism with Bright Colors

The design and style of this one is suitable for a cheerful themed minimalist kitchen.

Bright colors can make the kitchen area more colorful,.With a modern design, this style is the perfect combination for a smaller kitchen.

7. Wood style with color combination

You can also combine a wooden kitchen island with a beautiful cabinet color combination. A design like this can make your kitchen look warmer and more comfortable, perfect for people who have a calm and bright personality..

8. Simple but Elegant

This design is perfect for modern couples who dream of a simple but elegant kitchen. The appearance will be very bright, the furniture used tends to have a simple color tone but is decorated with light that makes your kitchen atmosphere very beautiful and elegant.


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