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!

Vacation in Indonesia Part2 - 5 Awesome Panorama that You Will Meet in Labuan Bajo.

If you are on vacation in Indonesia, Labuan Bajo beach is one of the tourist destinations that you must visit. especially if you are a lover of sea and beach.

Labuan Bajo is famous for its amazingly beautiful scenery.

Maybe you are curious, what kind of experience is offered by Labuan Bajo. For those of you who are curious I will share some of the panoramas that you can enjoy while on vacation in Labuan Bajo.

1. Komodo Island


One of the main destinations is clearly the island of Komodo which presents beautiful natural charm plus Komodo that is free to play in its natural habitat!
In addition to being satisfied with seeing ancient animals, the scenery while on the boat will not be boring. Because the trip from Labuan Bajo to Komodo Island you will be presented with natural charm such as the hills in the middle of the sea and the refreshing air.

2. 'Wae Rebo' Village


Not to mention the charm of Wae Rebo, dubbed the most beautiful village in Indonesia. Guaranteed you will feel like playing there!
You must visit a small traditional village in Eastern Indonesia, Wae Rebo. This small village located on Flores makes you amazed by all its natural charm because it is in the middle of the forest and away from the crowds.

3. Padar Island


Padar Island is one of the islands with a nice beach and is a Manta Pari migration route.
Padar Island is the third largest island in the Komodo National Park. On Padar Island, you will be pampered with the beautiful pink beach that you can do funny swimming there, play water, photos, or snorkelling all. Not only that, you can also climb the hill if you want to enjoy the beauty of the panorama from above. The charm of the sea that is so blue and the rows of islands around it will make you forget things that make you upset. But always be careful, because he said on Padar Island there are also some Komodo dragons.

4. Rangko Cave


In Goa Rangko, you can swim, enjoy cave ornaments, or even photos. In the middle of the cave there is a pond with clear water that tastes salty because it comes from sea water. Well, this small pond in the cave is because there are not many tourists there, so it makes you play there like a private swimming pool.

5. Kanawa Island


One of the fun activities when in Labuan Bajo is snorkelling on Kanawa Island which is about 15km from Labuan Bajo. Because it is only a few meters from the beach, under the sea there is a spot for snorkelling with views of colorful coral and fish that are so fascinating. The beauty of Kanawa Island is still well maintained, because it is not only suitable as a snorkelling place. But it can also be a moment of relief, sunbathing, or playing sand on the beach.

Apparently, around Labuan Bajo have many exciting tourist destinations with a variety of amazing panoramas. It's not just fun to do water activities, but also sunbathing, photos, or just enjoying the sound of waves on the beach can relax you for a moment.

Interested in vacationing in Labuan Bajo Indonesia ??


BERITA LENGKAP DI HALAMAN BERIKUTNYA

Halaman Berikutnya

Subscribe to receive free email updates:

0 Response to "Vacation in Indonesia Part2 - 5 Awesome Panorama that You Will Meet in Labuan Bajo."

Posting Komentar