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Dave L.

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6 Tips for Successful Forex Trading

  1. Know yourself and your personality: Making sure your trading philosophy matches your money management philosophy and your personality is key to making your trading plan work.  If your trading plan doesn’t suit your patience level, or your comfort with risks, you are bound to deviate from the plan.  This puts you at risk for making off the cuff, mood based decisions that will most likely be detrimental to your portfolio.  When you know yourself and you strategize accordingly, you are more likely to stick to your plan which gives you much better chances of success.
  1. Learn as much as you can: Make sure you understand exactly what you are doing. Study the mistakes and successes of other before you.  Learn what the charts represent and understand what they are indicating and how that will help you.  Understanding the possible outcomes of your decisions is essential to Forex success. There are numerous resources both online and in print for you to educate yourself.  Educated decisions are much more likely to be profitable than decisions made on rumors or gut feelings.
  1. Choose the right broker: There are thousands of brokers to choose from all over the world. Many are not carefully regulated.  Unfortunately, the Forex industry has been victim to many scams.  Read reviews, check out how regulated and how well insured a broker that you are interested in is.  Check their track record.  Make sure the withdrawal process is smooth. Then, examine what the account choices are. Different brokerages allow for many different size accounts.  Each of these account types have advantages and disadvantages.  The account types might have different leverage amounts, minimum deposits, and levels of customer support.

  1. Choose a strategy and make a trading plan: You don’t have to invent something new. There are well tested, established strategies.  Each strategy starts with knowing how much time a trader has to devote to trading. The different strategies are based on trading philosophy, ability to handle risk, and what your goals are.  Once you know which strategy you are using for your trades, you can make a plan.  Plan your stop losses, the amount of leverage you will use, the currencies you will be trading and how often you will be trading.  Make this plan according to your expectations and habits so that you will stick to your plan.
  1. Test and tweak your plan: Use a demo account to test your plan. Trade using that plan and see what works and what doesn’t.  Learn from the successes and from the losses.  Tweak your plan to use more of what is going well and less of what is not.  Keep trading using your demo account until you are completely confident in your trading plan.  Make sure your plan withstands the test of time.  See how your trading plan would have performed over a long period of time in the past.
  1. Start Small: You can always increase your portfolio but once you lose large sums it can be difficult to bounce back. Once your account grows organically from your profits, you can reinvest those profits without increasing your deposit.

Sydney’s Best Snorkeling Spots

When you think of a holiday in Australia, there are probably some very stereotypical sights that come to mind like the Great Barrier Reef, the outback, and Sydney’s signature skyline. What you may not know is that you can holiday in Sydney, see all of the cityscape and highlights but also do some amazing snorkeling and get to experience the marine life. Today we will be highlighting Sydney and covering five of Sydney’s top spots for snorkeling.

Sydney is a great city to visit. There is so much to see and do. Of course, the city has some of the most iconic sights in the world including Sydney Harbour, the Sydney Opera House, and the Sydney Harbour Bridge.; however, there is much more than just that. You can visit some of New South Wales’ national parks – all within a short drive from Sydney, you can even see the mountains, they are just about a 30 minute drive west of Sydney’s CBD. Then, there are Sydney’s beaches and snorkeling spots, which are great, some are even perfect for children and beginners. So, hire a car from Budget Car Rental Sydney and you will be able to take yourself around to see all these amazing Sydney attractions.

  1. Shelly Beach

Shelly Beach is located in Manly in the Cabbage Tree Bay protected marine reserve. That means that there is an abundance of unique fish to see there thanks to the protected status. The maximum depth is just about 12 metres, so it is shallow and the waters are calm. Swim with schools of mullet, trevally, hawksbill turtles, and smaller shark species like wobbegongs and dusky whalers. There are other things to do at Shelly Beach too like surfing or exploring the nearby walking tracks.

  1. Clovelly Pool

Clovelly Beach has a lot going for it that makes it a top spot for snorkeling. It is a small beach at the end of a narrow bay so the water is very calm. There is even a ramp for handicap access. The beach is home to one of Australia’s first lifesaving clubs in the world. The Clovelly Surf Life Saving Club was founded in 1906. When the waters are calm, you can even venture out over the pool’s edge where you can find some of the “locals”, fish that are always found hanging around the pool edge including Bluey, the 1.2 metre blue grouper, giant cuttlefish, and sponges.

  1. Fairlight Beach

 

Fairlight Beach is where the locals go for snorkeling. This little “insider’s secret” is literally located inside Sydney on the harbour side of Manly. That means a shallow reef and calm waters for easy swimming and great visibility. Look for marine life like kelp fish, John Dory, sea slugs, and many other varieties. In addition to the snorkeling, there are a host of other things to do and see here and also in nearby Manly Wharf including:

  • Tidal Rock Pool
  • Toilets: including disabled toilet and access
  • Ocean lap pool
  • Kayaking
  • Safe swimming for kids
  • Parking
  • Lighting
  • Bench Seating
  • Water
  • Fairlight Walk
  • Paddle Boarding
  • Nearby accommodations
  1. The Basin Campground at Ku-Ring-gai Chase National Park

This is your chance to really get in touch with nature so close to Sydney. The Basin Campground is in Ku-Ring-gai Chase National Park which is less than an hour’s drive from Sydney. The Campground is close to the beach where you will find a host of smaller sea creatures to explore. The estuary upstream has a shark net in place, so there are not any larger fish to worry about. The campsite facilities are open to swimmers, so even if you aren’t camping there, you will have access to the picnic tables, barbecue facilities, drinking water, public phones, showers, and toilets. One of the highlights of Ku-Ring-gai Chase National Park are the walking trails, so don’t miss out on an opportunity for some Australian bushwalking in the beautiful nature this park has to offer.

  1. Kurnell

Located in Kamay Botany Bay National Park, Kurnell is one of the best loved snorkeling spots in Sydney. It has earned this popularity because it is where the largest population of weedy sea dragons in Australia live. They look like magical creatures right out of a fairy tail and swim around so gracefully, they are fascinating and fun to watch! Of course, they aren’t the only sea creatures you’ll find in Kurnell, you might also spot moray eels, Port Jackson sharks, Antarctic fur seals, and plenty of other colourful fish. In addition to all that, there is a good bit of history here, as this is the spot where Captain Cook landed in 1770.

7 Hobbies to Make Your Brain Work Harder in 2017

Just like any muscle in your body, your brain gets stronger when you exercise it regularly. If becoming smarter is your goal for 2017, here are 7 hobbies you can try to achieve it.

Guitar Playing

Playing the guitar gives your brain a full workout as several mental processes go on at once. In fact, a study done by Cambridge University showed that musicians visualize music in terms of its shape, and then process that as a form of practice.

There are lots of online tutorials and mobile apps to help you learn how to play. Once you learn a few basic chords, you’ll be eager to master your first song.

Solving Puzzles

It’s almost impossible to not love puzzles. They are excellent brain teasers that stimulate your mind and make you think.

If you are a busy person with very little spare time, you can solve puzzles even when you’re on the plane or train. It will help you become smarter without having to spend a lot of time or money.

Learning Spanish

Do you have a passion for countries, languages, and cultures? If you do, then learning Spanish will be a good hobby to improve your intellect. Learning a new language will not only expand your linguistic skills, but also give you a better insight of the culture and traditions of the Spanish people.

The trick to learning a new language is to practice it often and converse with other Spanish speakers. It is recommended to learn a new language as early as possible, so now is the best time to start.

Knitting

Knitting keeps your mind sharp as it requires you to follow instructions, use patterns, and perform several other several cognitive tasks. Anyone can be a knitter, but it is especially helpful for seniors who want to keep their brains sharp.

Lock Picking

Lock picking is a cool hobby that will train your mind to think even in the toughest situations. It will mentally challenge you and give you a sense of euphoria once you hear the click.

This hobby is for anyone, including older individuals or people that have physical limitations. You just need the right lock picking tools and you’re good to go. If you do not know how to lock pick, you can find a lot of online videos to show you how it is done.

Taking up Yoga

Yoga has a lot of benefits, from stress relief to improving mental and physical strength. It improves your flexibility and posture as well. Researchers also found that participants who joined a session of yoga exercise had better cognitive performance compared to those who engaged in aerobic sessions or those who did not exercise at all.

Star Gazing

Star gazing is a fun hobby that will refresh your senses and increase your knowledge on heavenly bodies. Most people who do this don’t just stop there; they eventually learn about the universe in great detail.

Before you begin this hobby, you can head to your local library and read about astronomy and space. You can also find a lot of information online. If you can, go to a planetarium and get familiar with constellations and the solar system.