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!

Wedding Theme Pastel Colours

Wedding Theme Pastel Colours. This is the recent Pastel Color theme wedding invitation project we've created for a lovely couple. Pastels blend together to create a delicate, cohesive color scheme that complements a romantic wedding theme, from your favors to your flower crown.

Wedding Ideas, wedding decorations, Trend, Wedding Color ...
Wedding Ideas, wedding decorations, Trend, Wedding Color ... (Bill Ortega)
ThemeBeta.com is a web site for Theme Designers to create and share Chrome Themes online. Use creamy colored flowers, accent with gold table decor and enhance your indoor space with details. Now you can plan a day that looks and feels unique to you and your sweetheart!

Wedding Colours - Wedding Colors Choosing wedding colors is one of the most important decisions that a bride can make when planning for her big day.

Liquid paint splash theme with pastel colors.

Pastel Wedding Stationery | Paperchain Wedding Stationery

How to Create a Vintage Pastel Wedding | OneFabDay.com

2016 Spring Wedding Color Trends Chapter One : Seven Pink ...

Top 7 Wedding Ideas & Trends for Spring/Summer 2015 ...

You’ll Love These Pastel Wedding Color Scheme Ideas

Pastel Bridesmaid Dresses | Wedding Ideas By Colour | CHWV

Marry2Love: Pastel Theme Wedding Inspiration

25 Hot Wedding Color Combination Ideas 2016-2017 and ...

Pastel Pink Wedding Flowers | CHWV

A wide variety of pastel colors wedding options are available to you, such as wedding decoration & gift, home. Color ideas for home, bedroom, kitchen, wall, living room, bathroom, wedding decoration. Find this Pin and more on Cakes and Sweets by The Uncommon Event. spring wedding cake, spring wedding themes, pastel wedding cale, wedding cake with different colors.

BERITA LENGKAP DI HALAMAN BERIKUTNYA

Halaman Berikutnya

Subscribe to receive free email updates:

ARTIKEL POPULER