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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!

BEDROOM DESIGN SUITABLE FOR TEENAGE BOYS

Decorating a bedroom for teenagers is indeed quite complicated, teenagers tend to get annoyed quickly especially if the design we make does not match their taste.

Here I will give some examples of designs that are usually preferred by teenage boys, hopefully they can be used as references for parents who are starting to get confused about choosing the right design for their teenage children.

1. INDUSTRIAL STYLE

The last two decades, we've seen industrial style trend in almost every room of the house and without exception, the teen's bedroom.

In a teen's bedroom, exposed brick walls, metal elements, lots of gray, and smart industrial lighting will add an edgy touch.

Industrial bedrooms are functional, can save space without compromising aesthetics, and we don't have to worry too much about always keeping the room tidy. This is a perfect challenging theme for teens.

2. CREATIVE AND CONTEMPORARY

Choosing a contemporary style for a teen's bedroom doesn't mean the room will look boring.

With a neutral background and some color accents added to the color mix, a room can look attractive.

A bookshelf in the corner, a painted ceiling that adds color to the space, a custom mural backdrop or an eye-catching workstation are some elements that can add something 'different' to a contemporary teen's bedroom.

3. SCANDINAVIAN-MINIMALISM

The influence of Scandinavian design on modern homes is undeniable and seems to only grow over time.

Scandinavian design is all about light and bright interiors, lots of natural light, the presence of beautiful wood, and a minimalistic background that doesn't overdo it.

A little bit of shabby chic charm in a girl's bedroom or a little industrial touch in a boy's bedroom against a Scandinavian style background still makes sense.

Subtle colors and touches of greenery complete this space and help create a teen's bedroom that feels like it's ready to transition into the adult world.

4. BLACK AND WHITE STYLE

It is undeniable that most teenage boys prefer monochrome colors like black and white, you can combine black and white and put some posters on the black side of the wall.

5. MAXIMIZE CREATIVITY WITH SMALL ROOM

If you have a room that is not too spacious, don't worry. With the right furniture arrangement, your teenager's room will still look beautiful and comfortable.

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