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!

Get to know BTS members more closely - For New ARMY

The unique habits of BTS members, Suga is fond of wearing other members' CDs, Jungkook is the messiest, what about the others?


Before meeting with the seven personnel, namely Jin, Suga, V, Rap Monster, Jimin, J-Hope, and Jungkook, it's good if you get to know more about the interesting things they have.

1. JIN, special chef


BTS Jin, the oldest member in BTS seems to be a food enthusiast.
Before debuting with BTS, he claimed to be able to eat every two hours.
Once, Jin attended dinner with his family.
I ate so much, that lobster lovers couldn't stand up.
Besides eating, Jin also likes cooking. That said, Jin is a chef at BTS.

However, the members said, Jin's food was always the same.

2. SUGA, likes to wear pants in other members


Suga apparently likes to wear pants in other BTS members, especially Jungkook's. Cant you just imagine that ???? 😱😱

One day when Jungkook was not at home, Suga wore Jungkook's underwear.
Jungkook wondered where his underwear was.
As soon as Suga uses his belongings, Jungkook is annoyed.
Despite apologizing, Suga is still ignorant. He still borrows Jungkook's underwear secretly.

3. J-Hope is called Mother of  BTS


Jimin and RM said, J-Hope is like a mother because she can cook for other members.
J-Hope also likes cleaning, the room is the cleanest.

In fact, the young man who started his career as an underground dancer can also fold clothes neatly.
Rap Monster even commented that he wanted to have a boyfriend like J-Hope because of his mother-like figure.

Uniquely, BTS members often call it Eomma or mother because J-Hope likes to scold other members, according to members like mothers.
Despite being scolded, the other six personnel continued to respect him.

4. RM is Good at English


RM, who originally worked as an underground rapper, has the best English language skills among the six other BTS personnel.
That was one of the reasons why RM was made the leader of this boyband.

In the past, he had taken the TOEFL and had a high score.

No wonder, he lived in New Zealand and America. Meanwhile, for the affairs of romance, RM turned out to like high-bodied women who had a good voice.

He was also happy to see women wearing white shirts, jeans, and red shoes.
Then, if he has a lover, this guy who isn't too good at dancing wants to write a special song for him.

5. Jimin feels the most cute


Jimin, one of the 'maknae' (youngest member) in BTS is the most concerned member than others.
For example, Jimin likes to buy drinks or ice cream.

This blue lover also highly respects the words of other members who are older than him.
Besides being good at talking, Jimin turned out to be a young man who had high confidence.

He claimed to have the nicest and most cute body shape. Jimin also feels that he has beautiful charming eyes that are more attractive than his 'abs'.

6. V likes to do aegyo


If the Jinn can cook the most on BTS, V is the opposite.
You could say, V is really bad in the kitchen business.

One time when other BTS personnel were busy cooking, what this meat lover did was to open a recipe book and taste the food.
In addition, V apparently likes to do aegyo or display cute and adorable faces to attract fans' attention.

In fact, V also wants to find lovers who are attentive, beautiful, and smart to do aegyo.

If the Jinn can cook the most on BTS, V is the opposite.
You could say, V is really bad in the kitchen business.

One time when other BTS personnel were busy cooking, what this meat lover did was to open a recipe book and taste the food.
In addition, V apparently likes to do aegyo or display cute and adorable faces to attract fans' attention.

In fact, V also wants to find lovers who are attentive, beautiful, and smart to do aegyo.

7. Jungkook is the most dirty and fighting


Jungkook likes to spend time in the bathroom.

Therefore, it is not surprising that he is referred to as the longest member there.
Then, Jungkook also has the most messy room among other personnel.
BTS also calls it dirty.

G-Dragon Big Bang fans apparently can't do aegyo.
In fact, his cute face is perfect.

What do you think after knowing the seven BTS members, are you ready to become ARMY too ??

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