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!

Contemporary Floating Deck Patio Designs You Should Try for Your Outdoor Yard

Contemporary Floating Deck Patio Designs You Should Try for Your Outdoor Yard

Contemporary Floating Deck Patio Designs You Should Try for Your Outdoor Yard

Designing a patio or deck can be rather exciting once you realize how much freedom you’ve got. Decks often are constructed to benefit from a view, Floating decks typically come in square or rectangular designs, but can be found in a variety of shapes and sizes. These uniquely shaped and styled decks can be easily built into almost any yard shape and size.

If you’re thinking about installing a floating deck in your own yard, there are a number of ways to go about it.

Creative Deck Patio Design You Should Try for Your Outdoor Space.

Rich Wood Corner Floating Deck with Patio Furniture.

Wood can be stained any color you prefer, shaped nearly any way you’d like, and always conveys a timeless appeal, The color choices are unlimited but many popular styles include a two-tone look, with differing colors for the vertical and horizontal wood pieces.

Main Things to Consider Before Building a Floating Deck Patio

  • Set a Budget
  • Select the Materials
  • The type of wood, railings, and even hardware all contribute to the final budget.
  • Comply With All Local Ordinances
  • Make Sure the Hardware Matches the Decking Product Selected
  • Pay Close Attention to Style

Set a Budget

The size, design, and materials used for a deck will determine the final cost of the project. While everyone wants the biggest deck possible, budget constraints will always define the maxim size homeowners should expect.

Select the Materials

Since the costs will vary according to the materials selected, getting estimates for different types of wood and composite materials early in the design process is important.

Getting Started

Building a deck yourself can be a big undertaking. Going with a respected contractor can alleviate much of the stress associated with your project.

Natural Wood Minimalist Floating Deck

 Multi Tiered Floating Deck

  Large Rustic Floating Deck

Outdoor Kitchen Floating Deck
 Curved Garden Floating Deck

Modern Decking Design With Circle Detail Fire Pit And Star Focal Point

 Large Expansion Floating Deck
 Corner House Floating Deck.

 Garden Floating Deck


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