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E-Currency Trading - The Online Profits Machine

Wednesday, March 28, 2007

E-Currency Trading, or E-Currency Exchanging as its sometimes known, has grown out of the need for companies and individuals who transact on the Internet to have a common currency to trade with. Any world currency can be exchanged into e-currency through the many exchange companies around the world operating via the Internet, for a small fee of course.

Profits in this business are made by purchasing ‘shares’ which are offered by these exchange companies, and thereby providing currency liquidity for the exchange. Of course, world currency exchange rates fluctuate daily, so the e-currency, or shares that you are buying in these companies will also fluctuate. However, because you are simply lending them your funds and they are using those funds to facilitate the exchanging process and charging a fee, those fees are simply passed on to you and added to your account. So no matter what, you make some money each and every day you hold your shares. The amount obviously varies depending on the currency fluctuations you are dealing in.

That is why I’ve called this business a profits machine. It just seems to churn out profits daily without very much input from you at all. In fact, on average, you can expect to earn between 0.50% and 5% per day on your funds that are invested.

What’s the catch? Well, like any industry, it has its own unique set of protocols, language and systems that you need to be familiar with to get yourself up and running, let alone learning a strategy to succeed. It would be wise to invest some of your startup capital in some training and guidance from someone who is already working in this type of business and succeeding. That way, you can avoid all the costly mistakes and get straight to making those profits. Isn't that why we’re all in business.

Jeremy Gard is a Futures and CFD trader who also runs an Internet business helping people to create wealth and achieve financial freedom. He lives and works from his home in Brisbane Australia.