| |
|
|
|
Here's a great video that has a technical
analysis of how to learn to trade the Forex. This is a long video - over 2hrs - but is a great free video and by the end you'll know more than 80% of traders in the market.
|
|
How to Trade E-currency
Timothy Rohrer
Copyright 2005 Timothy Rohrer
When referring to e-currency, most people immediately think of
the FOREX market. The truth is there is a new form of currency
trading that is sweeping across the internet and making millions
of people wealthy. What is this new wave of e-currency trading
that's hitting the internet you might ask? It's called the
e-currency exchange program. Electronic currencies such as
INTgold, Netpay and E-gold are traded daily.
Let's talk about how the e-currency exchange network can put
money into your pocket. There are two ways to make money. The
first way is with a portfolio and the second is with a console.
Upon opening an e-currency account, the user will be asked to
create a portfolio and fund their portfolio. This investment can
be anywhere from $25 to $100,000. I would recommend a small
amount until you become familiar with e-currency trading. The
portfolio is compounded daily and receives gains anywhere from
.3% to .5% each day. For example, if you funded your portfolio
with a $10,000 investment, each day your portfolio would net $30
of profit. Over the course of one month a $10,000 portfolio
would make $900. With these profits you can either reinvest into
your portfolio to maximize your profits, or out-exchange the
money to your bank account.
The second way to make money is through what is known as a
console. Having a console is like having a separate account in
addition to your portfolio. With this account you can now
process transactions from one e-currency to another for other
traders. Not everyone is able to own a console. In order to have
a console you must be in the system for 90 days and have a
portfolio value of at least $5,000. It may seem like a lot, but
even if you started out with only a few hundred dollars as your
initial investment, this level can be easily obtained in just a
few short months. In order to process transactions, electronic
currencies temporarily borrow funds from your console account.
In return, the console holders will receive a 6% fee as profit
for each transaction they process. For example if Netpay needed
to process a $2,000 out-exchange and you temporarily made your
funds available for the transaction to take place, you would
receive $2,120. That is $120 of profit back into your account!
People need transactions processed daily from one e-currency to
another and the market just keeps growing.
There are many helpful online courses available on e-currency
trading. I tried to learn e-currency trading on my own through
forums, chat rooms and by reading articles on the subject
matter, but was unsuccessful. This method is extremely slow and
time consuming. It took me 2 months before I finally gave in and
purchased an online course. After purchasing an online course, I
have managed to quadruple my initial investment in a relatively
short amount of time.
About the author:
Tim Rohrer is an established writer and e-currency trader. Learn
how Tim Rohrer turned a $400 investment into $,4100 in just 3
months. http://www.mazumoney.net
|
|
Article of the Day:
|
New Releases and Headlines: |
why warren buffet is buying foreign currency now
Fortune magazine had an article by Warren Buffet about why he is buying foreign currencies for the first time in hist life. In a nutshell: ... my reason for finally putting my money where my mouth has been so long is that our trade deficit has greatly worsened, to the point that our country's "net worth," so to speak, is now being transferred abroad at an alarming rate. The article contains an extended analogy about two islands to illustrate the point. It also contains a proposal for how to deal with the trade imbalance. I don't understand the way trade...
USA TODAY - To be a success, you have to be a people person: Here's how
February 21, 2005 -- Never Eat Alone: And Other Secrets to Success, One Relationship at a Time By Keith Ferrazzi with Tahl Raz Currency/Doubleday, 336 pages, $24.95 *** Ah, networking! A necessary evil. A vital b
How to Perform Currency Conversions with RSS and PHP
RSS feed of currencies from European Central Bank
US trade deficit with China costing jobs, currency to blame - US lobby group
Iii.co.uk - Thu Jul 14, 03:31 am GMT
Currency Trade: Are You Prepared to Currency Trade?
Currency trading is the most popular way to earn to money and it is without doubt a very profitable market. However few are familiar with its unpleasant intricacies and most ignore a very important aspect: risk. It is not enough only to be given the chance to invest your money successfully, you have to be careful because Currency trading ...
|
| |
Additional Sites for Further Reading and
Research: |
|
|
|
|
