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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!

Lahirkan Putra Tampan Berwajah Indo, Ternyata! Inilah Sosok Istri Mastur yang Jarang Terekspos Media















Home Design

Predicting trends can be a risky business, but there are some tricks to ensuring building design features don’t date.

Melissa Fleming, principal architect and director at Melbourne-based Metroworks Architects, says looking to design elements which have “stuck” in Australian residential architecture is a good first step when designing a new home or renovation.

“We value our indoor/outdoor lifestyle and so any design that makes the most of the relationship between indoor and outdoor spaces is a great start,” Fleming says. The orientation of a house goes hand-in-hand with this, she adds.

80 Wallis St, Woollahra. NSW Real Estate.

Successfully fusing indoor and outdoor spaces is a good place to start. Picture: realestate.com.au/buy

“Ideally, living and outdoor areas should face to the north, to take advantage of the sun throughout the day. But equally, shading of north and particularly west-facing glazing should be thoughtfully considered and integrated into the design of the house.”

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High ceilings are also timeless, Fleming says.

“One of the main features my clients talk about when renovating an older house is their desire to maintain their existing high ceilings and carry them through into the newer parts of the renovation. Higher ceilings also allow taller windows and doors, which in turn helps to bring the outside in,” she says.

house image

High ceilings are also timeless. Picture: Courtesy of Jane Cameron Architects. Builder: James McBride & Associates.

Storage never goes out of style either. “Most clients want loads of storage space, whether in a new home or a renovation,” Fleming says.

“We all have ‘stuff’ and that stuff needs somewhere to live. It’s not just storage for historical things we don’t want to part with, but also storage for seasonal things, that are only used occasionally through the year, like skiing gear, suitcases and Christmas decorations.”

117 Roseneath Street Clifton Hill, Vic 3068

Storage never goes out of style. Picture: realestate.com.au/buy

Fleming says some current trends run the risk of dating a home quickly.

“Large open-plan living, dining and kitchen areas are beginning to date, as people living in them realise that while they look great, they are not so practical,” she says.

“Some early open-plan spaces were huge and ‘barn-like’ and so it was difficult to achieve the cosiness of a home within them. Noise transfer and heating and cooling become real issues. Clever design can still link theses spaces together, without them all being within one large area,” Fleming says.

Beware of free-standing baths and “smart” technology which can be superseded fast, she adds.

Not having a free-standing bath makes a bathroom feel bigger and is less likely to date. Picture: Getty Images

“Free-standing baths I think may date in time. They look great in the brochure, but they need a large bathroom or ensuite to fit them in and allow enough room for cleaning access all around them.

“The trend of baths in ensuites seems to come and go as well. The thought of them is nice, but the reality is they are rarely used and so take up space that could be better utilised in another way.”

When it comes to adding technology, think carefully, Fleming says.

“It is important that if you are thinking of including what can be a costly system in your home, you need to know whether it is easily upgradeable or expandable in the near future. Can you modify things within the system yourself or do you have to call in an expert every time you add a new device?”

Working with an architect, who “typically has their finger on the pulse of what is coming, staying and going”, is one way to help future-proof a home, Fleming says.

Here’s how to get the most from your collaboration with an architect.


How to get the most out of your architectPlay Video

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It’s also important to remember it’s OK to update, she says. “If you have a good, classic base to your house design, you can work within that to decorate or design elements that you know in the future may change.

“High-use areas like kitchens and bathrooms will typically need an update after 10 to 15 years, as they start to tire with use, so that is the time you can update to a more contemporary look.”

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