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!

Incredible Way: How to Clean a Bed with Baking Soda

Incredible Way: How to Clean a Bed with Baking Soda

Incredible Way: How to Clean a Bed with Baking Soda

How to Clean a Bed with Baking Soda

Baking soda is a simple but versatile cleaning agent that can remove odors on furniture effectively. Sprinkling just a bit of baking soda on your bed can reduce any smells and keep it clean. Start by stripping the bed and then applying the baking soda. You can then vacuum up the baking soda once it has done its job so you are left with a clean, fresh smelling bed.

Preparing the Bed

 Remove the bedsheets and wash them in the washing machine

 Start by stripping the bed of any sheets, blankets, or duvets. Put the bedding in the washing machine and clean them with detergent on the hottest water setting to kill germs

You should then dry them on the high heat setting to ensure there are no germs or bacteria on them.

Vacuum up any dirt, dust, or debris on the surface of the mattress

Use the upholstery attachment on your vacuum or a powerful handheld vacuum. Make sure the nozzle is clean, as you do not want to transfer any debris onto the mattress. Vacuum the crevices, seams, and folds in the mattress to remove any surface dirt or dust.

  Make sure you also vacuum the sides of the mattress, as dirt and dust can collect in this area as well.

Apply spot cleaner on any stains on the mattress

 Use upholstery cleaner or make your own by mixing 1 teaspoon (4.9 ml) mild dish detergent and 1 cup (240 ml) of water in a spray bottle. Apply the spot cleaner to any stains and dab the area with a wet cloth.

 Most stains that are protein-based, like sweat, urine, and blood, should come off with a regular spot cleaner. Stains like red wine or coffee may be more difficult to remove and require stronger spot cleaner.

Applying the Baking Soda

Sprinkle 1-3 cups (208-624 g) of baking soda on the mattress

Give the mattress a liberal dusting of baking soda, especially if it has not been cleaned in awhile or has a strong smell. Cover the entire surface of the mattress with an even layer of baking soda.

  If there is a particular area that has a strong smell, sprinkle more baking soda on it to neutralize it.

Put the mattress in direct sunlight

 Moving the mattress next to a window that gets direct sunlight is ideal, as the heat from the sun can help the baking soda work more effectively

  If you really want the baking soda to kick into high gear, you can place the mattress outside in direct sunlight. Make sure there is no rain the forecast so the mattress does not get wet overnight.

Let the baking soda sit for 24 hours

 Give the baking soda time to settle in and do its job. Keep others away from the bed so it is not disturbed. Make arrangements to sleep elsewhere for the night so the baking soda can sit.

Vacuuming up the Baking Soda

Use the upholstery attachment on your vacuum

 This attachment will be powerful enough to remove the baking soda without damaging the surface of the mattress.

 You can also use a handheld vacuum with a smaller attachment head.

Remove the baking soda with the vacuum

 Make sure you run the vacuum over the seams and crevices in the mattress to ensure all the baking soda is removed.

Flip the mattress over and repeat the process

 Once you’ve finished the top of your mattress, flip it upside-down and clean the other side. Sprinkle another 1-3 cups (208-624 g) of baking soda and let it sit in the sun for 24 hours. Vacuum up the baking soda when you’re finished your mattress is completely cleaned.

Clean the bed with baking soda 1-2 times a year

Get in the habit of cleaning your bed with baking soda so it stays fresh and odor-free. Do a clean with baking soda at the beginning and end of the year so dirt and dust does not build up on the surface of your bed.

Source: wikihow


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