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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!

Bedroom Ideas That Are Big in Style

Looking for small bedroom furniture? Check out our updated article about small space beds.

Calling all small space dwellers! Big city apartments, vintage home layouts, and modern space downsizing all call for design that expands the possibilities of small. If you need a bedroom makeover but don’t think you have enough bedroom to work with, you’re in the right place. We’ve got some lovely small bedroom ideas to prove small spaces can be stylish.

While modern and luxurious design ideas often tell you that you need to have a sitting area, small office, or a king size bed in your bedroom, don’t forget that a bedroom’s main function is to be a place to rest and recharge. And you don’t much to create a beautiful space to do so.

The bedroom is the perfect place at home for relaxation and rejuvenation. While designing and styling your bedroom, you need to keep a lot of things in mind, such as colour, soft furnishings, textures, flooring, furniture etc. All these elements can all be tailored according to your taste, allowing you to create the serene and tranquil haven in your abode.
Where can I find ideas to design my bedroom?

If you need help or inspiration to design your bedroom, professionals at homify can help you. Our website provides you pictures and ideas that help you to design your bedroom, be it big or small. It also helps you to choose the right colour, a range of styles, for example from country to industrial, and inspirations from designs around the globe to make the bedroom a better place.
How do I select a bedroom design?

When considering the design of your bedroom, it’s important to keep in mind both aesthetics and functionality. If storage is a primary concern, it is important to integrate the right cupboards and wardrobes into your design. The “Style” section of our website can help you decide with the right design as you can draw inspiration from various style categories, such as minimalist, modern, eclectic, colonial etc..
How do I decorate my bedroom?

Before buying furniture for your bedroom, you need to decide some factors like wall colour, or bedroom wallpaper, and the type of flooring that you want. Try to choose a colour that will help you create a calm atmosphere and also compliment well with your bedroom furniture. The lighting needs to be chosen wisely as well because a very bright bedroom is not soothing enough, whereas a room with insufficient lighting will hinder activities such as bedtime reading. Accessories add the perfect finishing touch to bedroom designs. For example, soft furnishings add comfort, style and colour whereas beautiful cashmere throws are luxurious and warm. Scented candles add a nice touch and woven baskets provide storage and work well with natural, rustic and eclectic styles. You can also use wallpaper to work with the size and shape of your room, for example, striped wallpaper can make walls look taller, or rooms appear wider, which is particularly good for small rooms.
What colours should I use in a bedroom?

Colours enhance your mood, so choosing the right colour for your bedroom can actually improve your sleep pattern. Green and blue are excellent bedroom colours. Lilac has a stress reducing effect, as does white. If you do decide to go for complete white walls, incorporating different textures and patterns can add depth and warmth to your bedroom. White bedrooms exemplify style and evoke a peaceful ambience. Incorporating natural textures and wood to white bedrooms will prevent your room from looking clinical and cold. Monochrome accents work well with white bedrooms too.
How do I choose the perfect bedroom flooring?

Plush carpets work well for bedrooms. Although they offer comfort and luxury, carpets are dust traps and have to be cleaned regularly. Stains can be difficult to remove and they are not durable as hardwood floors. If you choose to use hardwood flooring, be sure to invest in good quality area rugs as they can help to soften the look of the bedroom and add warmth. Tiles are another option, and work well in hot climate regions, as they help to keep the place cool. Vinyl and laminate flooring are also options worth considering for the bedroom.
How do I furnish a small bedroom?

Furnishing a small bedroom can be a challenge as the space needs to be used wisely. Placing your bed at an angle, mirrors on wardrobes and cupboards and built in wardrobes, are some small bedroom ideas you can implement. They are excellent space savers and the mirrored panels create the illusion of extra space. Beds with storage space are also good for smaller bedrooms, allowing you to keep all bits and pieces out of sight.
What are some of the most popular bedroom design ideas?

Modern bedrooms: Modern bedrooms are characterised by neutral tones of grey, white and black, all serving as simple, base colours. Walls act as a backdrop to abstract patterns and geometric prints. Lines on furniture are clean, incorporating steel bed frames and side tables. Feature walls are covered in straight striped wallpaper designs, while little splashes of vibrant colours here and there inject visual interest. Accessories are minimal when it comes to modern designs. Storage is important, and should merge in well with the design of the room, while maintaining adequate functionality.

Country style bedrooms: Neutral shades for painted walls are essential for country style bedrooms, and white with a hint of lilac, blue or green helps to create a softer look. Floral printed bedroom wallpaper works well on feature walls too. Pine or all white furniture are popular choices for the country style.

Industrial style bedrooms: The key traits of the industrial style bedrooms are raw elements and unfinished textures. Exposed brickwork is a popular choice for this particular style and truly characterises the utilitarian look. You can also paint brickwork white, for a brighter effect. Aged wood fits the industrial look well, as do exposed pipes and ducts for that warehouse look. Iron bed frames are effective and metal bedside tables and copper light shades compliment and add cohesion.

Rustic style bedrooms: Rustic style bedrooms are all about solid wood, which can be used with bed frames, timber walls, flooring and even ceilings. Rustic bedroom d├ęcor combines well with minimalist designs. White walls, black and white furniture and green accents, large wall hangings and accessories, combine perfectly with hardwood flooring, for medium to large sized bedrooms.

Scandinavian style bedrooms: Scandinavian style bedrooms are characterised by their simplicity, functionality and elegance. Earthy tones, beige and grey are juxtaposed with white painted walls. Hardwood floors can also be painted white and large wooden ottomans and vintage trunks are placed at the edge of beds, serving as attractive focal pieces and storage units. Soft lighting is an important element in Scandinavian style as natural lighting emphasises simplicity and elegance.

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