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!

Insanely Smart Tips And Hacks to Organize & Declutter Your Bedroom

Insanely Smart Tips And Hacks to Organize & Declutter Your Bedroom






Insanely Smart Tips And Hacks to Organize & Declutter Your Bedroom


Follow the tips below to declutter messy bedrooms and treat the room with respect and get the clutter out


How to Organize & Declutter Your Bedrooms ?


Bedrooms often become dumping grounds for stuff that doesn’t have a home in your house. When you think about it, you don’t really need more than a bed, a nightstand or two, storage for clothes, shoes and perhaps a home for jewelry and makeup.



The master bedroom is, in my opinion, the most important room in the house to keep decluttered and organized. Tweet: “The master bedroom is the most important room to keep decluttered and organized. After all, we don’t just clean it for guests, we clean it for our own quality of life. We deserve a place to come to at the end of a long day that is a sanctuary, where we can truly relax.


 It is almost impossible to feel peaceful in a cluttered and chaotic environment. We also start our days in this room when we wake up.  Help yourself ease into the day surrounded by order and beauty. If you are married, this is the room where the marriage relationship is nurtured. If you have children, this is the room that is the example to your children of how a bedroom should be maintained. Don’t be one of those parents who tells your children to go clean their room when your room is a mess! My most important advice about your master bedroom, is to look at it differently.

Start by Decluttering the Bedroom Drawers


Take everything out of the drawers and ask yourself the following questions about each item:


  • Does it belong in the bedroom?
  • Have you used it in the last year?

Move it to the room where it belongs.

When you are ready to place items back into the drawers try adding dividers or small containers so you can store like things together.


Bedroom Decluttering Tips


 You don’t have to go to the store to buy something. You can use small gift boxes, shoe boxes, cereal boxes or repurpose plastic containers to hold the items in the drawer.
Get creative – perhaps you won’t have to send as many things to the landfill at the end of the day!

Keep Flat Surfaces in the Bedroom Clear



Or at least keep them almost clear. Moderation is key here. It’s ok to have a few decorations, a lamp or pictures on your dresser or nightstand tops, but try to limit each surface in the bedroom to less than five things. When you have fewer things cluttering the flat surfaces in your bedroom, the space will feel more calming and peaceful.

Use Storage Bins for Kids’ Toys, Seasonal Items or Things You Use Infrequently



Let’s face it, not everything can be tucked away behind a closed door - closets are valuable real estate in a house, so some items like kids’ toys or seasonal clothing/bedding need to go somewhere else.

Kids’ toys can live in baskets, toy chests or even shelves in a bedroom. If you find yourself running out of space for toys, it’s probably time to donate those toys that were a hit for a few weeks but no longer get much attention.



Seasonal clothing, bedding or decorations can be easily stored in plastic or cloth bins that fit under the bed or in a closet. Space-saver bags or even comforter bags are also an option if you’re looking to get bulky items into a smaller space.

Sources: 

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