Everyone is scared in the TERRIFIED market today, but successful knowledgeable traders are safe.
Here's why. This is AMAZING - read carefully
The market had a "horrible" day in the downturned economy.The historic bailout vote failed to pass in the house by a small margin. The Dow fell almost 800 points.
There also was another big rescue. Wachovia was acquired by Citigroup for nearly $2 billion. Thousands of holders of Wachovia lost big money.
The oil market plummeted almost 10 percent.
Listen, as long as you know how to trade the markets and have the skill to get in and profitably get out of stocks or commodities you should be IMMUNE to any type of recession or other economic downturns.
In issue #45 of Traders World magazine, coming shortly, I am interviewing one trader who has a simple but powerful trading technique. With 29 trading tickets in a 14-month period he turned $13,000 into $2 million.
There is another article of an experienced trader who showed how he anticipated the top in the market in January 2008.
There are many articles in our magazine to guide you to the right way to successfully trade the markets.
I believe that you learning the ability to trade the markets correctly can be your LIFELINE during any economy bad or good. It has worked for those who have market knowledge and I believe that you can make it work for you.
The reason the economy has turned down is just simply cycles. In the last few years we were in an uptrend cycle. People lived beyond their means and bought expensive houses with mortgages they could not afford. Excessive credit usually ends up to be a menace to business and to the prosperity of the country when a downturn occurs. The cycle is now down. Public buying is now exhausted. Stock traders, hedge funds and mutual funds have lost confidence and it requires no stretch of imagination to picture what is happening now. SInce the trend changed to the downside, neither Republicans, Democrats nor our President Bush can stem the tide. It is natural law. Action equals reaction in the opposite direction. We see it in the ebb and flow of the tide of the oceans and we know that from the full bloom of summer follows the dead leaves of winter. The public does not think. They don't trust congress, banks or Wass Street. They are ruled by hope and fear and that is why they lose. Successful traders must pause and think, look and listen and use mathematics to figure out how the markets move.
Larry Jacobs - Editor Traders World Magazine