FNTN

Introduction.

Summer 2010 and the unemployment rate stubbornly remains at around the 10% mark. Time was and only the unskilled and semi-skilled workers would worry about such a high unemployment rate but, since the recession of a couple of years ago ex-workers from across the employment sectors are struggling to find both new jobs and finances. The net result of this is that highly qualified and skilled workers such as accountants and IT specialist etc are now wondering what their 99er prospects are.

99er payments ending.

Not everyone in the 99er jobless queue is a down and out!

Therein lays the problem for millions of people in the USA right now – that for folk who lost their jobs at the start of the recession, the 99 weeks of federal unemployment support will shortly be coming to an end. Of course the effects of unemployment are devastating to all, but they are also relative to the individual concerned. The classic view that unemployed people must be unskilled workers with no means of personal financial support, other than that offered by the government, is no longer true. Along with this is the fact that not all 99ers will be hopelessly in debt and fighting to pay a sub-prime mortgage before their home mortgage is foreclosed. Such skilled and professionals who have found themselves in the unenviable position of being 99ers will, by and large, have had some financial cushion to help supplement the federal aid. However, with that aid coming to an end – what can they do before all of their savings become depleted?

Work for yourself.

The answer to that last question is that they should re-think their attitude to work and think – why should “I work for the man” when I can work for myself? For a very modest outlay they can equip themselves to become an online trader in things like Forex and CFD. Forex trading is where you make your money by finding the best deals in foreign exchange currencies using, requiring only a computer, fast broadband and a the specialist Forex trading software. CFD stands for contract for difference, whereby you make money trading shares online according the opening and closing prices that they are quoted at. If that sounds too complex – why not find your own niche market and become the number 1 online trader in that instead.