Electronic currency exchanging?

[insurance agent]

Anyone here done this? Or have any info?
Looks promising, but I am skeptical.
Thanks
Tim

 

[MattTheSkywalker]

Anyone here done this? Or have any info?
Looks promising, but I am skeptical.
Thanks
Tim

I do it all the time when i am overseas and use an ATM.

But I don't think that's what you mean. Help us help you, Timothy. Provide more information.

 

[insurance agent]

I do it all the time when i am overseas and use an ATM. But I don't think that's what you mean. Help us help you, Timothy. Provide more information.

No problem, Matthew, here’s some info,
I have done a lot of googling on this and it seems to be a big business, with learning how, costing any where from $16.00 to several thousand. I am skeptical, because it’s not regulated, I used to do a lot of daytrading, so I am used to risk, but the non-regulation sounds fishy.





Electronic Currency Exchanging - what the heck is that?
Currency exchanging is relatively unknown but incredibly lucrative business opportunity. While Currencies are traded all over the world (like with Forex), there are both US-based and offshore trading houses that need your flow of dollars to facilitate their business operations.
This is where you come in. By making your funds temporarily available to a Global Exchange Network, to someone else IN the network, that creates “float”. The company we work with is able to “borrow” funds against those dollars and those commissions come to us. The funds you lent to the Network are typically returned in 24 to 36 hours.
As an Electronic Currency Merchant you are doing this with other exchangers like yourself all over the world.
For example:
By pushing $100 from INTGold to another person in the Exchange, you receive a fee of about $3.50. This process takes about 30 seconds to complete. When the funds come back into your account (generally 24 to 36 hours later), you make another $1. Now, $4.50 isn't bad for something that takes 30 seconds to do, but there are a whole bunch of other ways to make money and cycle that same money through the system, adding to your bottom line profit.
Can you invest more? Of course, but I think folks are better off only putting a few hundred to a few thousand dollars into the system, at least at first while they get familiar with this business. Then bring in the BIG BUCKS if you’d like. That said, you will always have the opportunity to bring any amount of funds to the table that you want, whenever you choose.
This process is very easy and is, for the most part, “automated”. You do not have to find people to the do the trades with. The system hooks you up automatically.

A few more links
http://www.dx4dummies.com/

http://www.learn-ecurrency-exchange.com

 

[MattTheSkywalker]

Electronic Currency Exchanging - what the heck is that?
Currency exchanging is relatively unknown but incredibly lucrative business opportunity. While Currencies are traded all over the world (like with Forex), there are both US-based and offshore trading houses that need your flow of dollars to facilitate their business operations.
This is where you come in. By making your funds temporarily available to a Global Exchange Network, to someone else IN the network, that creates “float”. The company we work with is able to “borrow” funds against those dollars and those commissions come to us. The funds you lent to the Network are typically returned in 24 to 36 hours.
As an Electronic Currency Merchant you are doing this with other exchangers like yourself all over the world.
For example:
By pushing $100 from INTGold to another person in the Exchange, you receive a fee of about $3.50. This process takes about 30 seconds to complete. When the funds come back into your account (generally 24 to 36 hours later), you make another $1. Now, $4.50 isn't bad for something that takes 30 seconds to do, but there are a whole bunch of other ways to make money and cycle that same money through the system, adding to your bottom line profit.
Can you invest more? Of course, but I think folks are better off only putting a few hundred to a few thousand dollars into the system, at least at first while they get familiar with this business. Then bring in the BIG BUCKS if you’d like. That said, you will always have the opportunity to bring any amount of funds to the table that you want, whenever you choose.
This process is very easy and is, for the most part, “automated”. You do not have to find people to the do the trades with. The system hooks you up automatically.

A few more links
http://www.dx4dummies.com/

http://www.learn-ecurrency-exchange.com

Interesting.

Who has possession of the funds while they are creating float? What are the risks if the person trading loses money?

Do institutional investors use this technique to hedge against potential losses? Or have they taken all of the transactional costs out of the equation?

AN interesting idea...if you try it, let us know how it goes.

I'll read your links too.

 

[insurance agent]

Interesting.

Who has possession of the funds while they are creating float? What are the risks if the person trading loses money?

Do institutional investors use this technique to hedge against potential losses? Or have they taken all of the transactional costs out of the equation?

AN interesting idea...if you try it, let us know how it goes.

I'll read your links too.

It is very interesting,
If it is all it seems.
I have a lot of the same questions you have.
It's supposed to be low risk, but just as I was prepared to jump, I read of some one's account being hacked. I will let you know if I go with it.
Tim