What is FOREX ( FOREIGN EXCHANGE )

Forex (Foreign Exchange) simply means the buying of one currency and selling another at the same time. In other words, the currency of one country is exchanged for those of another. The currencies of the world are on a floating exchange rate, and are always traded in pairs – Euro/Dollar, Dollar/Yen, etc. In excess of 85 percent of all daily transactions involve trading of the major currencies.

Four major currency pairs are usually used for investment purposes. They are: Euro against US dollar, US dollar against Japanese yen, British pound against US dollar, and US dollar against Swiss franc. The following notation is used for these currency pairs: EUR/USD, USD/JPY, GBP/USD, and USD/CHF. You may consider them as "blue chips" of the FOREX market. No dividends are paid on currencies. The investment profits come from well known "buy low - sell high".

If you think one currency will appreciate against another, you may exchange that second currency for the first one and stay in it. In case everything goes as planned, some time later you may make the opposite deal - exchange this first currency back for that other - and collect profits.

Transactions on the FOREX market are fulfilled by dealers at major banks or FOREX brokerage companies. FOREX is the world wide market, so when you are sleeping in the North America some dealers in Europe are trading currencies with their Japanese counterparties. Therefore the FOREX market is active 24 hours a day and dealers at major institutions are working in three shifts. Clients may place take-profit and stop-loss orders with brokers for overnight execution.

Price movements on the FOREX market are very smooth and without gaps that you face almost every morning on the stock market. The daily turnover on the FOREX market is about $1.2 trillion, so investor can enter and exit position without problems. The fact is that the FOREX market never stops, even on the day of September-11, 2001 you could obtain two-side quotes on currencies.

The currency (foreign exchange) market is the largest and oldest financial market in the world. It is also called the foreign exchange market, or "FOREX" or "FX" market for short. It is the biggest and most liquid market in the world, and it is traded mainly through the 24 hour-a-day inter-bank currency market - the primary market for currencies. The forex market is a cash (or "spot") inter-bank market. By comparison, the currency futures market is only one per cent as big.

Unlike the futures and stock markets, trading of currencies is not centralized on an exchange. Forex literally follows the sun around the world. Trading moves from major banking centers of the U.S. to Australia and New Zealand, to the Far East, to Europe and finally back to the U.S. In the past, the forex inter-bank market was not available to small speculators due to the large minimum transaction sizes and often-stringent financial requirements. Banks, major currency dealers and the occasional huge speculator used to be the principal dealers. Only they were able to take advantage of the currency market's fantastic liquidity and strong trending nature of many of the world's primary currency exchange rates.

Today, foreign exchange market maker brokers such as FX Solutions are able to break down the larger sized inter-bank units, and offer small traders the opportunity to buy or sell any number of these smaller units (lots).

These brokers give virtually any size trader, including individual speculators or smaller companies, the option to trade the same rates and price movements as the large players who once dominated the market. Market makers quote buying and selling rates for currencies, and they profit on the difference between their buying and selling rates

Download FOREX Software, FREE!

TradingSolutions is a comprehensive technical analysis software package that helps you make better trading decisions by combining traditional technical analysis with state-of-the-art neural network technologies. It has the ability to learn patterns from historical data, allowing you to create highly accurate trading systems that inform you when to buy and sell. This trading software effectively performs market timing for all types of financial markets, including stocks, futures and currencies (FOREX).We invite you to take the informative product tour and check out our sample performance figures for stock, futures, and FOREX markets.

Then, download a free evaluation copy of TradingSolutions. This complete working version of TradingSolutions allows you to explore the full functionality of this powerful neural network trading software. It even includes access to the FREE Solution Service which delivers daily stock trading signals and commentary directly to your portfolio.Top Ten Reasons To Download

TradingSolutions technical analysis Forex software package :Here are our top ten reasons that we think you should give TradingSolutions a try. Whether you're new to the stock market or an established technical trader, we think you'll find more than one reason that TradingSolutions is right for you.10. It can help you make money in today's volatile markets.9. It can detect trends that can't be seen in charts.8. It allows you to use both neural network and traditional technical analysis.7. It uses advanced neural network technology from a world leader in neural networks.6.

It's more than just a black box.5. It allows you to test your ideas before you trade them.4. It gives you a daily list of what to trade in your portfolio.3. It allows you to develop your ideas for multiple stocks at one time.2. It includes the free Solution Service for trading and learning.1. It's free to Download!

TradingSolutions technical analysis Forex software's Few Feature List : Intuitive Portfolio-Based Interface- Familiar Windows Document Interface- Easy-to-use Point-and-Click Context Menus- Centralized Portfolio View

Flexible Charting Tools Flexible value adjustment Use subcharts to combine multiple value ranges into a single chart Traditional Technical Analysis Tools Advanced Neural Network Predictions Optimal Signal Technology Batch Processing Comprehensive Help System Work Sharing

And many many more ...

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DXPortfolio Fundamentals - What is the DXPortfolio?

If you have been following DXInOne at all for the past few months you will know that they have implemented a ton of changes. This has caused much confusion for those that had different understandings of how the system worked.
One of the biggest misunderstandings has been with the DXPortfolio. This has prompted me to write this article to explain to you exactly what the DXPortfolio is and how you can make money from it.

The DXPortfolio: A Credit Service?

Recently DXInOne came out and firmly said that they are not a "get-rich quick scheme" or an HYIP (high-yield investment program). They also said that the DXPortfolio was meant to be a credit service and that DXDebit is meant to be paid back when used.

This confused most DXUsers who had thought that the DXPortfolio was meant to be an investment opportunity of sorts that would make them money in the long run. This is not surprising as that is exactly what DXInOne said before (this wording can no longer be found on their website, but they had said in the past that the DXPortfolio was an online asset from which one could pull an income).

With the switch in verbiage from DXInOne many thought that they were no longer supposed to make money from their DXPortfolio if they ran it the way that DXInOne wanted them to.
Trying to explain exactly what all this means and how you can make money from it would be very difficult here, so instead I will give a rather long example of something that you are probably more familiar with and then tie it into the DXPortfolio in the end.

My long-winded example...

I am pretty sure that most people are familiar with credit cards and how they work, so I will compare the DXPortfolio to a credit card.

Most credit cards can be obtained free of charge. You fill out some forms, the credit card company does a credit check to make sure that you are clean (enough) and then gives you a plastic card with a limit. You are allowed to borrow up to this limit but no more. You must then either pay it off within 30 days or be forced to pay interest.

(Notice I am bolding certain words - there is a reason to that which you will see soon enough.)
However, there are certain credit card companies that will allow you to get a credit card even if your credit history is horrible. They do this by requiring you to give them funds to cover the limit. For example if you want a $1000 limit then you need to give them $1000. You may wonder why anybody would do this - the simple reason is to help build up the person's credit history.

Once the person obtains the credit card with the $1000 limit they use it just like any other credit card, except that if they take too long to make payments the company simply uses the funds that they have been given in the beginning to pay off the balance and then will usually shut down the account due to misuse.

This does two things:

1. It allows the company to insure that they will get paid even though they are dealing with high-risk customers.
2. It allows the customer to get a credit card to start rebuilding their credit history.
   

Hopefully now you have a better understanding of these "pre-paid" credit cards. If you don't read the past few paragraphs again as it is key to understanding this next section.

Now imagine...

Picture that the same credit card company has a rather interesting policy - the longer you have their credit card the higher your limit will grow, without giving them more funds. The reason they do this is because they take your $1000 and use it to make more money, thus increasing their own capital.

We will say that your credit card limit increases by 10% per month, so the second month you will have a $1100 limit, the month after the limit will be $1210, and so on. You can borrow as little or as much as you want, but you are still required to either pay back the full amount that you borrow or pay interest.

Eventually you could have a credit limit of $10,000, and then later on $20,000, and the amount continues to increase, as long as you pay the fees each month. If you ever miss a payment then there are additional penalties. If you keep missing payments eventually you owe more than your limit. The credit card company would probably eventually shut down your credit card and demand payment, and maybe even send a collection agency after you (and that's when it gets nasty).

A feature that would make it all better...

Let's further this credit card company's strategies. If you are unable to pay the fees or pay back the amount that you withdrew then you are given one other option - to decrease your spending limit. This company allows you to pay off your debt by lowering your credit limit by the same amount.

The company allows this because it basically means that they get to keep more of the gains from the funds you initially invested.

A simple example will make this evident:

Say you start off by giving them $1000 and getting a $1000 credit limit. You then go out and buy a $500 TV using this limit. After a month you realize that you will not be able to pay this amount back, so you call your credit card company and tell them to lower your limit by $500. They do so gladly and your limit is now $500.

Did the credit card company lose any money?

No! You gave them $1000, they leant you $500, and then you lowered your limit by $500. That leaves them with $500 and your limit at $500, which means nobody has lost out!
Now let's say that instead of buying a TV you wait one month for your limit to be $1100. You then borrow $100 and shortly after call your credit card company and tell them to lower your limit by $100, thus eliminating your debt and bringing your balance back down to $1000.
Once again has the company lost $100? No! That $100 that you borrowed was basically the profits that they received by using the $1000 that you put into the credit card in the beginning.

One last thing...

The last catch is this - there is a monthly fee to use this credit card regardless of whether you use it or not. Luckily this fee is only 3% so it is not larger than the gain that you receive to the limit. If you pay the fee with new funds you basically give the credit card company another $30 (in the first month) so that your limit can increase by $100 (in the first month).
If you are unable to pay the fee then you can borrow the $30 and then either lower your limit by $30 or just wait another month and pay an extra bit of interest so that you can keep the limit where it is. It is completely under your control.

This may seem like a rather complicated credit card (and it is!) but the avid reader will see an easy way to make money from this "credit system" in such a way that the credit card company doesn't mind.

How to Pick Digots for Success and Fun

One of the first questions those new (and, sometimes, not so new) to the complexities of the DXIO system ask is: how do I pick the right digots to buy?

In this article, you will find a digot picking strategy that has worked for many. Keep in mind, however, that digot selection is not an exact science. It is also a bit of an art. Use these suggestions as a place to start. Then, as you gain experience, develop your own strategy and style.

First of all, purchase digots only in the currency of the portfolio you are working with. For example, if one of your portfolios is USD based, then purchase only USD based digots for that portfolio.

The exception to this is the digot ANT. Since it is based on DXGold as a currency AND DXGold is pegged to the US Dollar, it can be picked for a USD based portfolio.

The reason to pick digots of all the same currency for a particular portfolio is to avoid having your End Of Session credits to Reserve Balance reduced, as a result of currency fluctuations.
From here, my general rules for digot picking are as follows (in the actual order I use them):
1st: better than average gains, but NOT the TOP gainer, over the last 30 to 50 sessions (so the digots still have room for growth)

The DXChangers site is easier to use, because you can easily sort for just the specific currency- based digots you want to look at. For example, if you only want to look at USD based digots, it is easy to view just these.

After sorting the digot list so the highest gainers in the last 30 days are at the top, pick digots in the upper 60-90% of the chart to look at more closely. From these--
2nd: Look for digots with a lower than 10% premium/ buy price % (called the premium percentage). The lower the better. Picking only digots with a below 10% premium percentage keeps the Credit Line in your DXIO account lower and contributes to a higher DXDA.
For example, if two digots you are looking at have the exact same Buy Price, but one has a lower premium percentage, pick the one with the lower premium percentage - you will pay less for it.

After sorting for 30 day gains and a lower than 10% premium percentage, go to--
3rd: Look for higher than average activity level, but not THE highest (again, to give room for growth) For this, you may have to go to the DXIO site itself to get the latest activity statistics OR consult the DXChangers site later in the session.

I personally don't usually buy any digot over a .30 -.35 or so buy price - while some may argue there is nothing "wrong" with buying digots with a higher buy price, this is simply a personal quirk.

Notice the above criteria do NOT include just looking for the lowest priced digots OR the digot with the lowest premium percentage -- it just happens to turn out that way sometimes.
Some days there are NO digots that meet these three standards (in which case I do not buy any) and some days I fudge a little bit but most days (almost all) I follow these selection criteria strictly, and my TDV has seen steady gains (higher than those of others) as a result.
I do purchase digots from my End Of Session credits in Reserve Balance as many days as I find digots that meet -- or are very close to -- the above criteria.

Happy digot picking!

Do you recommend waiting and only buying digots if you are under 50% or do you still purchase digots under 80%?

Anyone who has been involved with DXInOne for any length of time knows we are constantly tested on our ability to adapt to changes. Some of these changes are more difficult to understand than others. One of the hardest things we face is developing a new strategy at any given time. But, if we look at it one part at a time, it's really not that bad. With that said, I want to go over one of the more popular questions regarding digot purchasing, as mentioned in the title.

Right now, we need to be focusing on getting our DXDU (DXDebit Used) to 50% or less. There are some great articles out there that can help you do this, with or without using the reduction tool. In this article I just want to focus on how digot purchasing can and will affect your TDV (Total Digot Value) and DXDU%, so let's get to it.

The answer to the title question is yes and no. Everyday you are given a certain amount of EOS (End Of Session) credits which immediately go to your Reserve. Any money in your Reserve would serve you well if you purchased digots. This would cause your TDV to rise and it would improve your DXDU% immediately. Also, at EOS you will have an increase in your DXDA (DXDebit Available).

So yes, feel free to spend your EOS credits (or anything in your Reserve) on digots! But you may also wonder, how often. In general, everyday would be fine. In fact, this is a good idea so that this money can be working for you, rather than just sitting there. There are though, 2 exceptions to this I would like to mention.

One, do not buy digots on a day that premiums are high. By high, I mean above 10%. It will serve you well to wait a couple or even a few days to get a better deal. Two, if you are planning to use the reduction tool, you may want to consider saving up your EOS credits until after you use this tool. You will then have an immediate increase in your TDV once you spend them. If you spend your EOS credits just before using the reduction tool, you will lose some of its value as your TDV is lowered.

Clearly, it is in your best interest to spend your EOS Credits on digots regardless of what DXDU% you are at. But, what about spending your DXDA on digots? Technically, we can no longer do this since we cannot transfer DXDA to Reserve anymore. However, we could get around this by performing an OutXchange/InXchange. Is this to our benefit? Not really. The moment you do an OutXchange your DXDU% will rise (possibly dramatically) and although if you bring it back in to purchase digots would lower it some, it will not be enough to get you back were you were.

It is these types of actions that will raise your DXDU% continually, causing your OA fees to increase and gains to decrease, which affects the entire system and everyone in it. We now know this information as fact, because we all are experiencing this in some way as it affects us all. But, if we all do our part now, we will all benefit in a long, profitable future with DXInOne.

Should a New Trader Take a Forex Trading Course or Not?

Many new traders come with little or no education to the forex market, only to blow out their entire account in matter of days.

Why?

Because the have never learnt anything about how the FOREX works, technical analysis, strategy's, traders psychology, chart set up and many other important things you should know before you start to trade.

So, knowing this, it is important for new traders to have some serious education about forex before you go trading LIVE.

What type of education?

This can be a forex trading course or online education with live instructors from respectable FX companies.

How much should a trader spend?

It depends on how much a trader is willing to pay but a good forex trading course must be available starting as low as $250, some companies even offer it for free. Online education with live instructors can cost a lot more, finally it is up to the trader what he is willing to pay for proper forex education.

Just think about this:

it is very easy to lose an entire forex account with no education, whether it is a $1000 or a $100,000 account, personally, I would learn forex first before wasting my money.

What lessons a trader should learn in a forex trading course or with online forex instructors:

Forex Basics
What is Forex?, Currency Pairs, Order types,...
Technical Analysis

Technical Indicators, Candlestick, Types of charts, Patterns, Moving Averages, Support&Resistance, Trend Lines,..

Trading System
Entry Setup, Limit Levels, Where to place a stop levels,...

Chart Patterns

Special Chart patterns with high probability to look for,...

Trading Psychology

How to succeed in Forex trading and how to avoid pitfalls, Holy grail,..

Money Management

Risk-to-reward ratio's,....

Peter Bain's Currency Trading (Forex) Video Course

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Get a front row seat at home with author, trader and educator Peter Bain in this new video release - enjoy and learn from this content-packed live Forex Currency Trading seminar. We update our content regularly in include the latest currency trading strategies and methods.

Learn currency trading with the Forex currency trading video to kick start your career. Peter Bain reveals powerful yet easily implemented methods used by professional floor traders.

Whether you are a professional trader or novice trader, this course is designed to teach you everything you need to start trading and profiting from the Forex. Note that this is a unique opportunity - very rarely are complete seminar videos made available like this.

Others pay thousands to attend to Peter's Seminars in person. We will show you simple techniques that will allow you recover the cost of the video seminar in one trade!

What you will learn from this video

Forex currency trading course:

• Why the Forex is the perfect trading market
• How to implement the Pivot system used by floor traders
• How to gauge price action with powerful filters
• Learn how the Euro puts $700 on the table daily
• How to swing trade the Forex's trendy run ups and downs
• How to use MACD to confirm price action
• How to use dealer station software
• How to use the pivot system to trade the Forex with up to 70% accuracy
• How to recognize "iron-clad" Forex currency trading signals and profit big time!
• How to avoid the pitfalls of "dumb money"
• How to implement your stop loss strategies and protect your money
• How to use winning chart patterns in conjunction with the pivot points
• Supports and Resistances: how to trade them in the Forex
• How to follow daily steps for success
• How to recognize false buy/sell signals
• How to use futures data to predict currency trends
• Review an entire month of trading examples

Forex Broker Commissions

Most forex brokers do not charge commissions. GFT Forex Brokers, like other forex brokers, are compensated by revenues from their activities as currency dealers, including proceeds from buying, selling, converting and holding currencies, interest on deposited funds, and rollover fees.

Many may wonder how brokers work without commissions. The forex dealer is like a middleman. Let's consider the case of a bread middleman. He buys bread at a “wholesale” price and he sells it at a “retail” price. So if one is a baker, he can ask the middleman how much he would buy his bread for. Let's say the middleman quotes $1, so he's willing to pay $1 per loaf.

On the other side of the equation, let's say you just finished his last slice of bread, and you needs a new loaf. So you call up the local middleman, and ask him how much he's willing to sell you (a customer) a loaf of bread for. And he quotes the baker $1.25. That sounds reasonable, so you tell him to drop one off for you.

In this example, the bread middleman didn't charge you a commission to either the baker or you, the customer. Instead he bought at one price and sold at another. He will let you buy from him at $1.25, and let you sell to him at $1. So every time the baker has bread to sell, he checks the middleman's sell price. And when you want to buy a loaf of bread, you check the buy price. In trading, this is known as the “bid” and “ask”. The bid is the price you can sell at, and the ask is the price you can buy at.

Considering forex broker commissions, the forex dealer will let the trader buy from him at 1.1971 and will let the trader sell to him at 1.1967. The difference 0.0004 is known as the spread. And this spread is where the forex “middleman” makes his money.

If the trader were to buy at 1.1971, then the instant the trader buys, he is “down” 0.0004, because if the trader wanted out of the trade, the best price he could sell it for is 1.1967. So as the forex dealer takes varying trades from people, each buying or selling, he can make money from this price gap. Each minimum increment, 0.0001 is referred to as a “pip”. So the spread in this example is 4 pips. In terms of dollars, for a forex contract of $100,000, this transaction would cost you $40 ($100,000 x 0.0004) or 4 pips. So the trader will find that some companies will advertise a spread of 3 pips on some currencies, usually ranging up to five on others. In forex trading, the tighter the spread is, the better.

Forex Broker Info provides detailed information on forex brokers, forex trading and market makers, and other forex-related topics. Forex Broker Info is the sister site of Incorporating in Florida Web.

Forex Broker List

A comprehensive forex broker list includes investment banks with dealing rooms, commercial banks with treasury operations, and online brokerages that serve a larger market. The investment banks with forex trading capabilities include Morgan Stanley, Merrill Lynch, Goldman Sachs, Salomon Smith Barney, Lehman Brothers, Credit Suisse First Boston, Deutsche Bank, JP Morgan, Prudential Securities and Bear Sterns.
Some of the brokerage services are not directly accessible for all customers. For example, inter-bank market dealers and treasury operations in commercial banks handle large customer orders themselves.

The top commercial banks in the Forex Broker List, having inter-bank and treasury operations, are JP Morgan Chase Bank, Bank of America, CitiBank, Wachovia Bank, Wells Fargo Bank, Fleet Bank, US Bank, HSBC Bank, Sun Trust Bank, Bank of New York, State Street, Chase Manhattan Bank, Key Bank, Branch Bank, PNC Bank, Lasalle Bank, South Trust Bank, MBNA America Bank, Fifth Third Bank.

The online forex broker list of smaller forex accounts sees new entrants almost on a daily basis.
The online forex broker list includes Forex Capital Markets, MG Financial Group, CMS Forex, Global Forex Trading, GCI Forex Direct, Forex.com, GAIN Capital, Real time Forex SA (Geneva), Global Forex, Commerce Bank and Trust, FX Solutions, Forex MHV, swissDirekt (Swiss), Goetz Financial Forex, NY Broker Borsentermin AG, Act Forex, Online Trader, Shield FX Online Currency Trading, Forex Trade Signals, CMC Group PLC, Foreign Currency Direct Limited (UK), FX Advantage, FXCM, Forex Millenium, ACM REFCO, REFCO Spot, Easy Forex, Online Forex Trading Inc., Lincoln Corporation, Global Trade Waves, Ltd., and CIBC FX Web Dealing.

Forex Brokers (ECN type models)

CoesFx
Hotspot FX
Interactive Brokers
MB Trading

Market Makers

ACM Alaron FX
Alipes
CMC Markets
CMS Forex
E*Trade
Forex.com
FXCM FX

Direct Dealer

FX Solutions
Gain Capital
GCI Financial
GFT Forex
IFX Markets US
IFX Markets UK
Man Financial MG
Forex Oanda
ODL Securities
RCG Trader
Realtime Forex
RJO FX
Saxo Bank
TradeStation
Trading Floor
MetaTrader Platforms
Alpari FXDD
Interbank FX
SNC Investments

Online Forex Brokers

The primary function of an online forex broker system is to provide a trading platform from which the trader can get real-time accurate quotes and execute fast, reliable trades, some provide a host of other services to drawn in potential customers.

For example, some of these places may even provide forex trading training for people new to currency speculation. Others even offer automated trading services for people who want to invest in forex, but don't have the inclincation, time, nor desire to manage their own forex account.

Even if you're not looking for an online forex trading broker system with all the bells and whistles most of them offer charts and breaking news that affects the currency markets, in addition to free "demo" accounts that allow unseasoned forex traders to trade with fake money in real time so they can get a feel for how things work.

Forex trading training is even more imporant than it is for other types of speculation and investing like equities and options because forex is a more sophisticated "game."

This is because many things can influence the value of currencies, and that's why you should find an online forex trading broker that provides education and analysis, and scrolling news that alerts you to relevant news that's important to know if you're a currency trader. For example, interest rate decisions by the Federal Reserve shouldn't have to be hunted down at other resources.

Even if you've gone through quality forex training, smart traders subscribe to newsletters written by professional currency traders that offer both fundamental and technical analysis on the markets. The best of these newsletters will even alert you to set ups for particular trades and are packed with ideas to make you money.

Remember, in the end, if you're just getting started in currencies, forex training is paramount because the leverage is so high in this game; fortunes can truly be made or lost in days, hours, and even minutes.

What is a Forex Broker? (Forex Broker Definition)

The Currency / Foreign Exchange market is the world’s largest and most dynamic market. Nearly $1.8 trillion is traded every day. The word Forex is derived from the words Foreign Exchange.A Broker is an individual or firm that acts as an intermediary between buyer and seller. Forex brokers are firms that deal in foreign exchange.

The foreign exchange market is quite similar to the equity markets, except that typical forex brokers do not charge a commission. However, forex brokers are required to have a license.Forex brokers earn money from the spread (also called “pip”). The spread is the difference between the prices at which a currency is bought and sold. A pip is the smallest price increment in a currency.

For example, in Euro/US Dollar (EUR/USD), a move from 0.9008 to 0.9009 is one pip. In US Dollar/Japanese Yen (USD/JPY), a move from 127.41 to 127.42 is one pip.Forex brokers can be compared on the basis of the spread they charge.

Most forex brokers publish live or delayed prices on their websites so that the investor can compare the spreads. It is, however, necessary to check if the spread is fixed or variable.

Variable spreads appear small and attractive when the market is quiet, but when the market gets busy the forex broker widens the spread, meaning that the investor will gain only if the market is favorable.Forex brokers are usually tied to large banks or lending institutions. This is because of the huge sums of money traded in the foreign exchange markets. Forex brokers are required to register with the Futures Commission Merchant (FCM), and are regulated by the Commodity Futures Trading Commission (CFTC).

A new trend among forex brokers is the emergence of online forex brokers, who offer trading facilities to “retail traders” using advanced technology. With these facilities, anyone with a computer and an Internet connection can trade in the forex markets.

E-Currency Exchange: The First Bonanza of the 21st Century?

The 21st century has introduced the world to a new way of doing business. It’s now a foregone conclusion that global commerce will be as revolutionized by it as Henry Ford’s mass-production techniques were a defining characteristic of the 1900s.
The business is e-currency, which allows Internet-based purchase and sales transactions involving almost anything to be safely conducted at lightning speed. Safeguards are in place to make identity fraud, chargeback prevention and funds verification much more of a surety than anything the conventional means of payment in the non-cyber world can provide.
E-currency may only exist in the cyber world, but that is nothing new. The euro began in the same manner. It was officially accepted by the countries of the European Union in 1999 to simplify business by eliminating exchange rates, but it began life 20 years before that by private financial institutions who saw it as an idea that had to happen. By 2002, the euro evolved from cyber-tender to hard cash and is now arguably the second-most influential currency in the world.

The Internet’s globalization of commerce on an instantaneous basis means that, where the euro has already gone, today’s e-currencies will follow.
However, there is still one major issue that needs to be resolved before all is proclaimed to be perfect in the rapidly expanding multi-billion-dollar world of cyberspace. There are still many different e-currencies in existence, with no universally accepted forum for exchanging them with one another or converting them to hard cash.

So, a company called GDT --- Global Digital Transactions --- has stepped forward to create a solution. Their endeavor is called DXinOne, or DXiO. The term 'DX' pertains to a unit of e-currency. ‘DXG’ is used to describe that unit in terms of its equivalent value in gold; it's currently pegged at DXG 1.00 = USD 1.00 for exchange purposes. Most e-currencies are backed by gold reserves held privately by the companies that issue them. A unit of 'DXG' is called a 'digot' --- a combination of 'digit' and 'ingot' --- and the popular pronunciation is 'dig it.'
The reason this should be interesting to you is that you can make money with it --- serious money --- by becoming an e-Merchant who facilitates these e-currency exchanges. Tens of thousands of them occur daily. Soon it will be tens of millions.

Basically, if you study the DXiO system in detail, you'll see that it’s a fee-based settlement operation rather than a market-based investment activity. GDT has designed DXiO to perform the same function in cyberspace that title companies do for real estate brokers and that clearing houses do for stockbrokers. DXiO does not have an equity stake in any of your transactions. It merely accounts for them on behalf of the participants in each transaction. It then takes a fee for its services.

If you take the time and commit to the requisite study of the system, its proponents claim you cannot lose with it.

Currently, the DXiO system is in a beta-test mode in preparation for its full introduction and deployment to the public. As a participant, you will become a 'member' of a private organization. As such, you will interact with other members in ways which enable you to learn the intricacies of the DXiO system. Ultimately, you'll advance to the e-Merchant stage, where you'll be handling transaction claims for e-currency exchanges and taking a fee for doing it. Your profits will not come from your investment into the business, per sé, but from your utilization of funds in your portfolio account serving as a 'float' which will facilitate the transition of one e-currency to another and allowing you to earn a fee for doing so.

You need to create a substantial float in order to conduct such transactions at a practical level. Based upon five years of performance to date, the beta-stage of DXiO's operations enables you to achieve that with very little capital invested. (Believe it or not, you can start with $50!) In that respect, their system is certainly more egalitarian than anything else currently out there.
Perhaps you'll wonder why GDT based these operations in a lesser-known tax haven like Vanuatu. Well, it seems that when the market for phone-porn became a booming industry a decade ago, many of those businesses set up shop in Vanuatu. Ultimately, the authorities there chased them away, but the aftereffect was that Vanuatu inherited a very sophisticated telecommunications infrastructure. If ever a high-volume Internet business wanted to establish itself in a tax haven with lower-than-usual start-up costs, Vanuatu became the ideal place to do it!

It’s prudent to remember that, if you do choose to become involved in DXiO, only commit capital that you can afford to do without, no matter what the future may hold. That should be everyone's philosophy in any new venture such as this.

In more ways than one, becoming an e-Merchant for electronic currency exchange can be a capital idea. It could also make for a very interesting rest of the century.

G A Sherman is an Internet marketer who only deals with proven products designed to improve the quality of life. A link to one of the most thorough DXiO training systems can be found on his website