E-Currency Exchange Trading - Account Update 10/30/05

This is the Account summary from 10/29. I have made several digot purchases for the account this week. The purchases include 4 different e-currencies and amounted to approx $450. I was unable to purchase more even though I have the funds available because I am taking the advise of Warren Barnes of Barnes E-currency Exchange Program and only buying digots that have a premium of less than 10%. Only 4 digots qualified for this during this past week.

==== Important Sidebar ====
I was informed yesterday that there is a price increase going into effect on November 1 for the Barnes Training Program. The price will increase $50 to 249.95 on this date. If you are considering becoming involved in e-currency trading, you should take advantage of this program before the price increase. Even at the increased price this is a valuable investment. The program is well laid-out, leaving little to figure out yourself. I can not over-emphasis the importance of the support that is provided with this program free of charge. I could not be more satisfied than with the decision to purchase this program myself. This praise comes from a traditionally do-it-yourself kind of guy! Take a look at what he offers Barnes E-currency Exchange Program .

The OutXchange that I told you about before, is still in the process. Matter of fact, I added another OutXchange for a total of 3 and the dollar value is approx $673. (You will recall that my intention is to bring this money back in to purchase more digots.) The average daily profits over the last 7 days has been .21% including the allowance for fees.

You can see that my "Res Bal" is at approx $1600. This is the amount currently available to purchase e-currency digots. The unusually high premiums may again prohibit much purchasing but, that is Okay, I am in no hurry.

As always, if you have any questions or comments, feel free to post them here or send an email to mailto:info@futures-brokers-review.com.

See other trading opportunities at Futures Brokers Review.

Price Increase - Just Announced

I was just notified that the Barnes Ecurrency Training Program will have a price increase effective November 1st. The price goes up to $249.95 (for the on-line version). That is a $50 increase.

As most of you should know, I highly recommend this course to anyone who is interested in ecurrency trading. The course itself is well worth the cost but, the real exceeding value is the support after the sale. Some other providers I have seen are charging upwards of $30 per month for the support that Warren Barnes and his team provide for free. This package is well worth the investment!

If you have any questions on this system or ecurrency trading in general, I will help you any way I can. You can send an email to me at mailto:info@futures-brokers-review.com

Take advantage of this program before the price increase! Here is a link to Barnes website http://tinyurl.com/7zvp5 You may need to copy and paste this link into your browser.

Until next Time

Best Regards

E-currency Trading account Update 10-23-05

This is the Account summary from 10/22. I have not made any changes/purchases to the account this week. The OutXchange that I told you about 2 postings ago, is still in the process. (You will recall that my intention is to bring this money back in to purchase more digots.) The average daily profits over the last 7 days has been .12% including the allowance for fees on the gains and purchases.

The other news to report is that yesterday ended my first 30 session period (1 session is equal to 1 day) The significance is that the monthly fees are charged at this time. The fee charged to this account was approx. $56 or about 3.15%.

I have decided to invest an additional $3,500 in the system. This brings my total investment to $4,500. The rationale for this is that I want to be sure and qualify for the Merchant Console at the end of the 90 day period. If you will re-call, part of the qualification is that your portfolio value is at least $5,000. You can see that my "Res Bal" above has jumped by about $2000. This is the amount I intend to buy in the next week or so.

As always, if you have any questions or comments, feel free to post them here or send an email to mailto:info@futures-brokers-review.com

E-Currency Exchange: 4 great Income streams and counting

This article provides a brief rundown on the 4 sources of income we can take advantage of as a participant in the e-currency exchange trading system.

Specifically, I am refering to the e-currency exchange program through DXinOne. DXinOne is by far the leader in facilitating e-currency conversions. The fees charged to account for these transactions is how DXinOne makes money. They are in essence a clearing house.

So how do I make money in this? The first and most important income source is the Portfolio. The first thing you will want to do is open an account and start building a portfolio. It does not cost anything to open an account. Fund the account with as little as $25 and start building your portfolio. As you progress you will be able to use leverage to increase the overall value of the portfolio. It is not uncommon to see portfolio growth of 20 to 40% per month. This is accomplished by combining the daily profits and the leverage to add to your portfolio. The average daily profits on your portfolio will range from about .15% to .35% depending on the supply and demand in the system.

The second source of income in the e-currency exchange program is to become qualified as a Merchant. Don't get excited, you aren't selling anything. Merchant is just a term given to signify those that have qualified to participate in the actual e-currency exchange process. Thousands of times each day there exists the need to convert from one e-currency to another or e-currency to hard cash etc. This is where the Merchants come in. The Merchants receive a fee of 4 to 14% for making funds available to make these conversion transactions possible. To qualify as a Merchant you must have a portfolio value of at least $5,000 and you have had a DXinOne account for at least 90 days.

The third source of income is the P4 Program (Pre-Paid Profits Program). This program provides non merchants the ability to earn a per transaction fee for exchanging with active merchants. Merchants need liquidity to perform their functions and are willing to pay a fee for this liquidity. The fee paid to the non merchant ranges from 5 to 7% of the transaction. Caution: I have seen a lot of advertising boasting the P4 Program as "Huge instant profits" and "You get paid first" etc. Unfortunately, you do not have the whole picture. The rest of the picture is 2 part. The first is, when you have completed a transaction you will have to exchange those funds in order to do anything with them. This exchange will cost you upwards of 3%, so the real returns are cut in half or so. The second part of the picture is the reality of the time required to perform the e-currency exchange process. As of the writing of this article the process is extraordinarily long. Expect the process to take 2 weeks or longer depending on how the system is flowing and how much you are trying to exchange. So maybe the truth is 2 to 4% return every 3 weeks. Still not too bad for passive income.

The fourth source of income is for webmasters. This is called the AdsExposed Program where advertising is placed on your website. You will receive pay per click revenue from those ads.

So you have the 4 sources of income currently being offered by DXinOne. The great thing is DXinOne is a progressive organization. They have many other programs and services in the works that will be launched as time goes by.

Merv Thompson Author and operator of Futures-Brokers-Review.com a website providing tools, resources and reviews for todays trader.

Get detailed information on e-currency trading at e-Currency Exchange

Forex and Futures Trading: Are you really prepared to trade?

So you have some speculative funds and believe you can master the Forex or Futures Trading markets. Hang on for the reality and do yourself a favor by considering this.

Before you blindly believe the hype about Forex and Futures Trading.

Before you spend money on the greatest futures trading system ever.

Before you put any real money in a futures trading account.

Just consider the reality of the statistics and answer the following questions because they apply to you and your pocketbook.

Do you have $20,000 or more in speculative funds? I am talking about money that means nothing to your current standard of living. Can you look at it as money that you would be willing to start a fire with? The studies indicate this is a very realistic expectation of the capital needed to learn the ropes of futures trading.

Have you spent 3 to 5 years studying and learning how futures trading works? Most futures trading veterans agree that buying 1 or 2 books or trading courses is not enough. The education is part learning from the success of others and part developing your own trading style. This education comes at a heavy price. Plan on purchasing several educational works. Are you willing to pay?

Are you sure that you have the mental discipline required to be a successful futures trader? In my opinion this is the major unknown to futures trading. Many professional traders express that their trading success is 80-90% mental discipline. Paper trading does not account for the emotional aspects and effects of a position moving against you. Now what if you had 3, 4 or 5 losing trades in a row? Do you have the discipline to stick with your trading system?

If your honest answer to any of the above is No, then you should consider putting yourself into a holding pattern until all conditions can be accomplished. Failure to effectively overcome any one of the above obstacles will almost certainly spell futures trading disaster.

Forex and futures trading can be a highly rewarding activity. The rewards are earned at a price. Do not believe the offers that claim how incredibly easy it is to make a fortune. It is not true. Any futures trading book or course you purchase should be viewed as a tool to learn by. It will be one step of many on your path to trading success.

Merv Thompson Author and operator of www.futures-brokers-review.com a website providing tools, resources andreviews for todays trader.

Find out about an exciting alternative to Forex and FuturesTrading at E-currency Trading

E-currency Trading: An Alternative to Futures & Forex Trading?

I find it amazing that nearly everyday I receive something online or offline that is the greatest break-through in Trading. You know the stuff. This 'system' or that 'method' has been thoroughly tested and back-tested in every conceivable fashion and is wildly successful. Some work for a period of time but most do not. The decades old statistical fact still remains, 90+% of Futures Traders will lose all of their trading capital within their first year of trading. Now there is a new and promising alternative.

Enter e-Currency Trading. In simple terms e-currency is Internet Money. E-Currency allows the purchase of Internet goods and services at lightning speed and most importantly with a high level of security. Much higher than credit cards, bank transfer etc. The demand for e-currency should only grow as Internet Commerce grows.

So what does this have to do with trading? There are literally hundreds of different e-currencies. Each is backed by an underlying Currency or a precious metal. The need arises to exchange between these e-currencies or convert an e-currency to hard cash. Much like the Euro is to the European Union. We can profit from the exchanging process and profit from the fluctuation of the underlying currency value.

The same basic strategies apply to e-currency trading as withfutures trading. Supply and demand dictates price primarily. You could buy e-currency that has historically performed well(buying the trend) or go the opposite way and buy those that are under-performing, looking for a turn-around. You can even chart them if you like.

Leverage, that double-edged sword that Futures Traders are so familiar with is also present in e-Currency Trading. You can borrow against your portfolio to buy more e-currency. The compounding affect is almost outrageous. Some would argue that you never have to pay back the leverage. I contend that it is paid back if you closed your e-Currency account, because your final balance would be less the amount leveraged. The point here is the leverage in futures trading is often times the demise of a well intended trader versus the leverage afforded an e-currency trader combined with the daily compounding affect creates portfolio growth at a phenomenal rate. It is not uncommon to see portfolio growth of 20 to 40% per month.

Futures Trading and e-Currency Trading have a common downside. The learning curve is huge and can be frustrating and costly. Each has unique terminology, which is impossible to work around until you have a good understanding of the meaning. Thankfully in this world of information, we are able to find resources online and offline that shorten that curve. How much it is shortened is dependent on how much time you want to dedicate.

Industry experts have debated for years the optimum amount one should fund their futures trading account with. The obvious moving target is enough capital to withstand the drawdown periods. Many factors go into this but I have seen numbers range anywhere from $10,000 to $50,000 and up. If this is the case then there is little doubt why most futures traders lose as most are willing to fund only the amount required to cover Margin or the Brokers account minimum usually a few thousand dollars. One of the biggest reasons for small business failure is being under capitalized, the same holds true in futures trading.

E-Currency Trading is different in that the experts recommend starting with a few hundred dollars and let the system build your account. Whatever route you choose, only trade with risk capital.

E-Currency Trading certainly has advantages over traditional futures trading and may well be worth your serious consideration. Internet Commerce is in the Billions and is forecast to triple over the next 10 years. Many are seeing E-currency Trading as a ground floor opportunity with huge growth potential.

Merv Thompson Author and operator of www.futures-brokers-review.com a website providing tools, resourses and reviews for todays trader.

Additional information on e-currency trading can be found at e-Currency Trading