Markets Crashing… Currency Trading the Way to Go?
The Markets look like they will even beat the fall of yesterday… which was the worse one day fall since the 2001 attack of the World Trade Center. The Dow is already down 3.00%, and it is only the early afternoon. It seems the Russian Markets collapsed overnight. Most worldwide markets are dropping.
Day traders have sunken their teeth into more than they know how to chew… But, it does seem we are doing better than most investment banks. Gold used to be a safe bet, with the dollar’s free fall. No longer is this the case… Although in the wake of the market trouble gold is up $55.00 today alone!
Today is officially the day I get out of American Markets all together, but where shall the money go? Foreign markets look like they will all take a collapse. No longer can we invest in India or China and feel it is a safe bet, as most of the market is already completely saturated.
I have very recently tried currency trading. Currency trading does need tender loving care but, it does seem like it’s an easy way to pull in a gain. It is becoming easier to gage the world wide markets than, it is to monitor your 500 index fund.
Markets are collapsing again… What will you do? Let’s not panic and run. I hope to update you weekly with my experiences trading currency.
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