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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!

Painted Kitchen And Remodel Reveal

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 I am happy to say my kitchen is finally finished! Mostly. Just some walls that need to be painted, but major renovations are out of the way. It has been done for a little while but finding the time to clean it for pictures has taken me a while.

I hope you realize my kitchen is NEVER this clean. We use it a LOT with ten kids in the house.  It seems like the only time I can clean is after they go to bed or when they are off at school. I spent two or three hours cleaning and organizing in here today. I like it clean but it just does not last here.

Here's what it looked like before. You can see the whole post about our kitchen before here and here.
  When we began renovating our kitchen we wanted to paint the cabinets and change the range hood. If you want to see how we painted our cabinets check out this post.


We got an idea that raising the cabinets to the ceiling would really change the look of our whole kitchen.


We debated if we should build an inclosure on top of the cabinets so that it looks like the cabinets go to the ceiling or add a shelf under them.


If we added the enclosure it would be for decorative purposes only. I liked the idea of a shelf under the cabinets but worried it would not be functional.


We decided to go with a shelf under the cabinets and asked my brother who owns  Intelligent Design Woodwork for his help. He drew it for us so that we could visualize it better, then we took the cabinets to him. I would recommend him to anyone. He did a super job and you would think this is the way our cabinets were built from the beginning! Check out his website, he's awesome and does really unique stuff.


He also removed the appliance garage from the corner. I love how this opens up the counter space and just looks so much better! I don't know what we were thinking when we put that there!


It's nice to have family that help each other out! My brother-in-law installed our back splash and he did a super job. I've never had a back splash and I love how it gives our kitchen a complete look. It just looks finished!  Changing the hardware on the cabinets had a big impact too. I'm glad we didn't just change their color like we contemplated doing.



Our stools really needed to be repainted and I thought they would look cute in the accent color. Some people in the family liked them some didn't. Right now they are staying this color because painting stools is quite time consuming.


My husband painted the cabinets and installed the range hood, he also installed the lights under the cabinets. He is handy with just about anything and if he doesn't know how to do something he will look it up and learn how. He does everything with perfection and it has saved us a lot of money doing it ourselves. I feel so blessed to have such a great husband, and I sure am enjoying my New kitchen!

Source : namelyoriginal

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