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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!

Six Places to Visit on Vacation in Australia

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Have you ever dreamed of a vacation to kangguro country "Australia" ??

So you must start dreaming, because Australia is one of the tourist destinations that you must visit if you are a true traveler or maybe just a man who wants to spend his vacation time.
Why ???
Australia has a very beautiful geography, although sometimes the weather is hot enough, but it's not a problem, is it?

If you already have plans for a vacation to Australia, it's good you also have plans to visit any place there. If not then your vacation would be very inefficient, therefore I will share information on some places in Australia that you must visit if you are on vacation there !!

1. Bondi Beach
A stone’s throw from the hustle and bustle of Sydney, It’s one of the most visited beaches in all of Oz. Famous shots include surfers braving the waves and Bondi Icebergs – one of the most snapped swimming pools on the planet. Now that’s somewhere I’d love to dive into!


2. Sydney Opera House
Sydney’s most popular , is Sydney Opera House. With over 40 shows a week there’s something for everyone, but of the snaps gracing Instagram, most are of its iconic exterior.  Considered one of the greatest architectural endeavours of the 20th Century, the building comprises three groups of interlocking vaulted ‘shells’ which sit on a large platform, surrounded by terraces – the perfect place for catching some afternoon rays.


3. Great Barrier Reef
When it comes to paradise, the Great Barrier Reef is one of the places that tops the dream destination list of many…including me! Just off the coast of Queensland in northeastern Australia, the 2,300km-long ecosystem is described as the largest living thing on the planet, making it one of the best places to dive and snorkel


4. Darling Harbour
Another buzzing spot in Sydney, Darling Harbour ! People are always documenting their delicious meals at the many foodie venues (including an award winning gelato bar!) and views of the beautiful reflections on the water. While it’s home to a host of popular attractions including Sydney Aquarium,  Madame Tussauds, Sydney Wildlife World Sydney Entertainment Centre, it’s views like this that really make me want to visit.


5. Sydney Harbour Bridge
Another of Australia’s most famous icons, the wonderful feat of engineering that is Sydney Harbour Bridge attracts crowds it from every angle. Whether it’s the legendary New Year’s Eve fireworks flying off it, people braving the bridge climb, or just pics of the beautiful sunsets, it’s surprising it’s not even higher up the list.


6. Hamilton Island
One of the dreamy Whitsunday Islands, Hamilton Island with people grabbing their phones to snap the paradise beaches, turquoise waters and incredible underwater life. July to September is an extra special time to visit, as you might be lucky enough to catch a glimpse of migrating whales!


Are you ready to explore it ???
Hope you enjoy with this post ...




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