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!

Christmas Day Ideas 2020

Christmas Day Ideas 2020. Here's what could help spread some cheer, and the Christmas spirit. We've got DIY Christmas gifts for Mom, DIY Christmas gifts for boyfriends, and list, so why not reward your significant other with this ornament starring your special home for the holidays—and every day.

20+Christmas Decor Ideas 2020 For New Beginnings | DecoTune
20+Christmas Decor Ideas 2020 For New Beginnings | DecoTune (Roxie Wade)
Share your stories of Christmas past, present and future! Choose from our Christmas Party Games, Fun Christmas Games for Kids, or Christmas Activities for kids. Although the "most wonderful time of the year" isn't quite upon us yet, we're already starting to bring our fuzzy socks and pine-scented candles out of hiding, and this weekend, we'll be putting on our cozy Christmas.

Whether you're looking for the ultimate treat once lockdown lifts, or an amazing day out for the whole family this Christmas.

Here's a list of things we have and love, or don't have but want real bad (hint, hint Eric Schlange)!

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Plus, most of these projects double as stylish Christmas decorations or gifts, so you'll also be getting those tasks out of the way while you work on them. Although the "most wonderful time of the year" isn't quite upon us yet, we're already starting to bring our fuzzy socks and pine-scented candles out of hiding, and this weekend, we'll be putting on our cozy Christmas. Christmas Day is one of the most exciting days each year for young children, teenagers and adults.

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