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Article Contributed by Timothy Rohrer
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How to Trade E-currency
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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