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Markets Are Losing Confidence (and I’m Losing Money) But I have an Answer

10 October 2008 50 views View Comments

Well everyone is in a panic mode….my 401K is sinking fast. I’m resisting the temptation to dump everything, however, because I’m looking for opportunities in the currency market. The dollar/yen and the the dollar/mark are showing a lot of volatility. There may be some profitable setups coming.

If you aren’t in the Forex market you are missing a significant opportunity. Trading the Forex is how you will shore up that sinking 401K.

There are tools out there that will allow you to trade on your schedule and make about 8 to 10% a month (the stock market is predicted to lose 20% of it’s value and it looks like it is going to reach that point quicker than most have predicted).

It is also probably more important than ever to start looking for other income diversity opportunities. I like the currency markets but I’m also writing more. Writing on the net or paper publishing is a great way to stay sane and to make money at the same time.

If you are not already doing something in this vane you should consider. It’s not difficult. I find that as I right more I have more to say. Someone told to write something everyday and it will become easier. They were right.

As such today’s topic was about the freefall in the markets. There is not much to say other than to hope the panic ends soon. I’m still holding out to resist selling everything but it is getting tough.

Hooah! until next time,

Colon

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