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Why Trade Online Currency?
Why Trade Online Currency?
What are the benefits?
by Simon Minister, DXTrainers
It is well known that one of the safest, most lucrative investments you can make on the Internet today is the business of Market-Making [online currency exchange requests]. There are several online currencies available for both business and personal use on the Internet, and each competes with the others on the basis of various options. All online currencies are easily convertible from, and to, most National currencies. Online currencies are simply the optimal form of worldwide, instantaneous payments over the Internet. Examples of online currencies are: E-Gold, IntGold, E-Bullion, NetPay and Pecunix.
Millions of individuals, the world over, hold at least some funds in one or more online currencies. Since different businesses accept different online currencies for the products or services that they provide, individuals find themselves trading across these online currencies: for example, from E-Gold to IntGold, or Pecunix to E-Bullion, etc. There is literally teeming millions of online currency exchanges requested and fulfilled monthly, and every exchange is made through a Market-Maker, who usually charges a fee of between 5% and 20% for rapid trades, conversion to hard currency, or other conversions.
Online currencies are the equivalent of an ATM machine being placed into every household, worldwide. Online currencies are virtually free to own and operate, and they can be used to create excellent income. Market-Makers act like the actual payment services for ATM machines: like Cirrus, or Star Network, or MasterCard, or even Visa. Thus, online currency transactions have the power to be far more common than ATM withdrawals, and the demand for online currencies is rising constantly forcing the recent huge increases in the value of gold in general.
Market-Makers have one vital job: to accumulate as much of each commonly traded online currency as they possibly can, in order to lower their fees below their competitors and work on 'volume' trades for a living. For the average Market-Maker this requires intense marketing of their service. Clearly, there are two options open to the Market-Maker who wishes to compete at higher trade volumes. The first option might be that the Market-Maker can operate as part of a network of Market-Makers, such as the massive DXInOne network. That network will distribute exchanges fairly based on the participation and funding of each Market-Maker. The other option might be that the Market-Maker may already have access to sharply increasing 'demand' for exchanges, and merely be interested in offering a share of profits to individuals who provide additional online currency to that Market-Maker, allowing for more and larger exchanges in shorter periods of time.
Typical Online Currency trade
You are surfing the net and you stumble across a service or product that you would like to buy. The payment choice which is required for this product is NetPay. Let's say you have a NetPay account, but you don't have any money in it. However you have plenty of Pecunix in your Pecunix account. Therefore you look through the directories of Market-Makers for both NetPay and Pecunix, and you choose to fund one that works for your needs. You discover that an overnight exchange, less than 24 hours, would cost you about 10%. Since this works for your needs, you make the transaction: you will send that Market-Maker your 0 in Pecunix and in exchange you receive in NetPay. You are now immediately available to go and buy that product or service. Notice that the Market-Maker has just made , minus whatever they may have had to pay in receive fees for the Pecunix they received, which depending on the trade, may have come to . So they have made probably a net of about for this 0 trade, or 7%.
Cashing out profits
You decide to withdraw 0 in profits you've earned from processing online currency exchange requests. You have the money sent for example, to your IntGold account, and then you use your IntGold debit card, which may charge you a small transfer fee of 2%, to withdraw the money. Or for example, you could have the money sent to your E-Bullion account, and then have it transferred directly to your bank account overnight for a 4% fee. These small fees don't bother you at all, because they keep the systems operating so that you have quick and flexible options for receiving your money.
Buying Online Currency
You choose to buy e-gold from your bank account, but first you would have to have an E-Gold account, so you would go to e-gold and open one, which just takes a few minutes. Then you would go on a hunt and perhaps you would use the services of LondonGoldExchange, where you find that you can buy E-Gold from your bank account for a very small fee. Following the instructions, you can have your E-Gold within just a couple of days, and you can begin to make money with it immediately.
By now, you should have a basic idea about online currencies and Market-Makers in general. Clearly, Market-Makers are in an excellent position: they virtually make money 'out of thin air,' by simply having money in different 'buying-power' forms available for trades. The interesting thing to be understood is that the demand for online currency exchanges is rising faster than the ability of current Market-Makers to keep up with the processing of those exchangers within a relatively efficient period of time. In other words, DXInOne needs more people to help them process these exchange requests efficiently so that they can remain competitive with other networks. Some Market-Makers work in small networks, say 20 or 25 people, who are pooling funds. Some, like the DXInOne system, is far larger yet. The DXInOne system makes it possible for anyone to add any amount of funds, at any time, to the entire Market-Making network provided by the system. There can be as many as 60,000 or more exchange requests in the main network, at any one time, for one online currency alone; huge numbers of Market-Makers in the DXInOne system are already working around the clock, worldwide, and never able to process all of the exchanges that they see!
They are often given more than ,000 in requests, each, to get to daily, and simply don't have enough funds at the ready to run them all swiftly, even though each exchange pays the Market-Maker about 6% - 14% in profits!
It is simply not possible for any one Market-Making network to have enough funds available at any one time to keep up with all of the worldwide exchange requests. An exchanger processor who works with about 00 in funds can only process about 00 worth of exchanges at once, and then needs to get his or her money exchanged back around, within a few days, in order to process another 00 worth of exchanges, meaning the original 00, plus the profit from the first batch of exchanges. We have thousands of exchange processors in our network who operate in this way and because demand rises so rapidly we are in need of thousands of more. In this system, it's not about whether you will make this kind of money, but rather how fast you will make this kind of money, with the money remaining in your control.
About the Author:
This article was written by Simon Minister, creator and owner of Dynamic-Xchange.com, No#1 provider of DXInOne Training Courses.