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!

20 Ingenious Small Bathroom Storage and Organization Ideas You Need to Try

20 Ingenious Small Bathroom Storage and Organization Ideas You Need to Try






20 Ingenious DIY Small Bathroom Storage and Organization Ideas You Need to Try


Most people don't have large bathroom space, But your creativity when it comes to storage can be the difference between a well organized space and a cluttered bathroom.



We have the best solutions for small spaces which will help you get your cluttered bathroom looking organised. All you need to do is make a few simple changes. With just a few changes, you can have a completely updated look that is well organized and beautiful. It doesn’t really take a lot of time or money to get amazing bathroom.



1 Bathtub shelf



2 Hair Tool Storage Cabinet


Keeping your hair styling tools up and out of the way not only saves space but helps you to keep them from getting damaged.

3 Bathroom kids' toys storage idea


Create a new bathroom storage system for the kids' toys using hanging baskets. This will keep everything out of the way.

4 Hanging toiletries organizer


5 Amazing bath panel storage


6 Traditional linen closet in your bathroom


7 DIY cup shower storage idea


8 Compact wall shelves for every bathroom space


Even the smallest of spaces can be utilized for storing toiletries in your bathroom.

9 Smart over sink storage idea


What a great way to up-cycle an old vintage item and create extra storage too.

10 Under sink storage unit design


The benefit of this is that it takes up no extra space and is completely out of the way. You can pick up something fairy cheaply that will fit around your sink pedestal and under the basin to give you even more bathroom storage.

11 DIY Cabinet Door Storage Plan


You should build some handy compartments on the back of your bathroom cabinet doors.

12 Copper cup organizers for small bathroom decor


If you've run out of furniture storage space, making use of the walls is a great way around it.

14 Hanging organizer for your bathroom supplies



15 Magnetic wall strip 


This wonderful storage solution, Will keep sharp items out of the kids' grasps.

16 Use back of the door towel rails




17 Over the door cabinet storage



Over the door storage will provide you with a super tidy and sleek space to store even more towels.

18 Toilet roll shelf


19 Bathroom trolley


They're great for storing all kind of miscellaneous bathroom clutter.

20 Bathroom shelves and baskets



BERITA LENGKAP DI HALAMAN BERIKUTNYA

Halaman Berikutnya

Subscribe to receive free email updates:

ARTIKEL POPULER