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!

Top 10 Creative Tips to Hygge in the Home

Top 10 Creative Tips to Hygge in the Home

Top 10 Creative Tips to Hygge in the Home: Embrace the Cosy Danish Concept

1. Invest in Candles

Rumoured as one of the largest consumers of candles in the world per capita, Denmark and other Scandinavian countries have embraced the power of the warming glow of candlelight. Whether scented or unscented, candlelight transforms the clean, fresh style of classic Scandinavian interiors into a flickering escape from winter’s chill and a simple lit candle is seen as one of the most fundamental hygge moments to achieve. Danish have even developed a Hygge fragrance with notes of brewed tea, baked strawberry cake, rose petals and wild mint for the ultimate hygge experience.

2. Add Texture

When you think of cosy and warming interiors to create the perfect relaxing moment the mind instantly goes to lusciously soft textures which add another dimension to any interior – think chunky knit cushions, faux fur throws and fluffy woollen rugs. Made from the softest of materials from merino wool to cashmere, textured accessories are a huge trend of the moment with the layering of different tactile surfaces creating a styled look in any room and when combined with a roaring fire or soft candlelight

3. Remember the Simple Things in Life are Hygge

You don’t need to overhaul your interior to make it more hyggeligt, tiny additions to the home can transform any moment. Treating yourself to your favourite coffee, indulging in new bubble bath for long dips by candlelight or finally putting your favourite photographs on the wall are all instant mood lifters whenever you use/see them, so take the time to enjoy them.

4. Update your Loungewear

Comfortable loungewear needn’t be an extravagance with nearly all types of clothing brands now offering varieties. From loose tops to harem trousers or onesies, the clothing options to get comfy in after a day at the office or over a weekend in are endless, with countless patterns to express your personality or classic colours for timeless style. Ranging from practical cotton to the softest of cashmere, loungewear can be as luxurious or relaxed as you personally desire making it an essential component of hygge.

5. Hygge with Friends

Primarily a social endeavour, hygge is best enjoyed with friends. The long Scandinavian winter nights are interspersed with hyggeligt gatherings of friends and family by the fireside drinking gløgg (mulled wine) and eating wholesome food, so the best way to experience this idea for yourself is to invite your nearest and dearest round and get cooking. Not just reserved for staying inside, hygge can also be found in the great outdoors and joy can be found from simply donning your warmest clothes and going on a winter walk with your favourite people. The notion of hygge can also be used to uplift others, so test out your baking skills and take your creation round to a friend’s house you haven’t seen in a while to indulge in a spot of hygge together.

6. Take Up a New Hobby or Practice an Old One

Taking up new hobbies to enjoy in the home allows you to switch off and refocus the mind. Turn off the TV and grow to love something new that you can nurture during your hygge moments in the home or pick up something you used to love to do but don’t have time for anymore. Crafty hobbies such as knitting or sewing which have been gaining in popularity in recent years are perfect to teach yourself and help to relax and calm your being, or curling up and reading a good book for a few solitary hours will have you refreshed in no time.

7. Don't Rush

We are always rushing aren’t we? We always have somewhere to be and we are always thinking about the next thing we have to do whilst doing the thing before. To truly hygge you need to slow down a bit to take it all in, there will always be something else to think or worry about but this concept teaches you to take each moment as it is without rushing onto the next. Take the time to really enjoy the mug of coffee you have made, stay an extra ten minutes in the bath to ensure daily stresses have melted away and definitely savour that slice of cake – or you will regret it later.

8. Don't Overdo

Hygge is never about extravagance, indulgence yes, but extravagance no. Hygge settings are not about wowing or impressing guests, they are about creating a warm and inviting atmosphere that friends and family never want to leave. Dinners don’t need to be styled to perfection with a 10 course tasting menu and parties don’t need a long list of cocktails accompanied by an out of this world playlist to be enjoyed.

9. Enjoy the Space Around You

The key idea behind hygge is to enjoy the environment around you and nowhere is this more essential than in the home. Each room needs to be a sanctuary to sink into at any given moment and therefore filled with key items to allow you to do this. Due to increasingly stressful lives an emphasis is placed on the need to ‘escape’ the everyday to experience true relaxation. Hygge fights against this notion demonstrating that overall wellbeing can be enhanced by making small changes to everyday environments, relieving the need to escape at all. So whatever you are doing, take the time to revel in the tiny moments that make you smile and uplift the soul.

10. Remember Hygge Isn’t Just for Winter

Whilst hygge is frequently associated with cosiness, it is a way of life which can be enjoyed all year round. Grab your friends and head to the local park for a picnic or a game of Frisbee, or take some time to sit out in the sun with your favourite magazine and a cold drink to experience hygge in the warmer months. Taking everyday dining occasions into the garden is also a must for summer hygge moments to make the most of the sun before winter rolls in again and it’s time to bring out the chunky knits and candles.



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