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
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