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!

How to Declutter Your Living Room To Give Essential Beauty to Your Interior House

How to Declutter Your Living Room To Give Essential Beauty to Your Interior House






How to Declutter Your Living Room To Give Essential Beauty to Your Interior House



There is one thing that everyone intends to do in their family room or living room. It can be difficult to really relax and unwind when this space is cluttered with toys, books, wires, blankets, magazines and more.
 Nothing feels as good as a sitting down to enjoy family, friends or entertainment in a clean and organized room.


If you’re in need of a family room or living room refresh follow these living room organization tips to curb the clutter so you can truly relax at home.

Remove Clutter That Doesn’t Belong

A lot of things tend to end up in this frequently used space in your home. Start by removing any items that have lost their way and belong in another room. Look for toys that belong in your kids’ rooms, mail or magazines that belong in the office and glasses or dishware that may not have made it back to the kitchen yet.

Add More Storage

You may find yourself with an overabundance of blankets, toys, video games and more that DO belong in this space. Here are some simple storage solutions that will help you declutter your living room by finding a new home for the clutter.




  1. Add baskets to hold frequently used toys and blankets
  2. Add shelving for video games, DVDs and other media that is prone to sitting out in the open.
  3. Look for furniture/storage combos such as storage ottomans and trunks to store anything you don’t want out in the open. There are even some couches and loungers that double as storage.
  4. Add other furniture that doubles as storage space such as a credenza below the TV or a behind-the-couch chest.

Un-Decorate


It is possible you simply have too many things in your family room or living room, which is making it feel cluttered and overcrowded? Try pruning back the pillows, hanging pictures and adding floating shelves to the walls to remove pictures or collectables that are crowding your table tops.

Donate or Sell

Be sure to address your books, CDs, DVDs and other entertainment by donating or selling anything that is no longer a staple in your collection. If you can convert your music and movies to digital format, you can free up a lot of valuable real estate in your family room without having to part with something you would otherwise keep. Get rid of any broken or unused toys, tchotchkes, remote controls and anything else that has lost its usefulness.



Wrangle the Wires

A mess of wires from your entertainment center is an eyesore that adds visual clutter in your family room or living room.

There are countless products these days to help you tie up and hide your cables, but here are a few other tips for cord management:


  1. Use cords and cables that aren’t excessively long – you don’t want to have to tie up 20 feet of coaxial cable!
  2. Choose furniture that will cover up the cords if you don’t want to go to the trouble of feeding them into the wall (though you may be surprised at how simple that can be in some cases).
  3. Store your mess of cords in a container that matches your room decor.
  4. You may also be able to conceal some cords around your room with an area rug. There’s no getting rid of the cords in most cases, so we’re OK with hiding them in clever ways.

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