Many people are unaware of what is electronic currency trading or electronic currency trading. For the majority, they are confused, thinking that trading electronic currencies is the same as forex trading or trading currencies.
In fact, and to the surprise of many, electronic currency trading and forex trading are two different creatures, although they belong to the same financial genre.
In the exchange of electronic currencies, you buy and sell electronic currencies, effectively exchanging ownership of electronic currencies on the web.
What exchanges or exchanges of electronic currencies can you do?
Here are some of the e-currencies you can buy or sell:
– Buy e-Gold, 1mdc, Pecunix, e-Bullion, Liberty Reserve or WebMoney with a bank transfer or western union.
– Sell e-Gold, 1mdc, Pecunix, e-Bullion, Liberty Reserve or WebMoney for a bank transfer or western union.
– Exchange e-Gold, 1mdc, Pecunix, e-Bullion, Liberty Reserve or WebMoney between them.
What are the real currencies that you can use to buy or exchange these e-currencies?
Some of the main currencies that you can use to buy and sell electronic currencies are:
USD (US dollars)
CAD (Canadian dollars)
GBP (British pounds)
JPY (Japan Yen)
CHF (Swiss francs)
AUD (Australian dollars)
AED (Dirhams U.A.E.)
IRR (Iran Rials)
SAR (Saudi Riyals)
INR (Indian rupees)
SGD (Singapore Dollar)
HKD (Hong Kong dollar)
SEK (Swedish crown)
This effectively allows almost the whole world to get involved in the exchange of electronic currencies. When your country's currency is not listed, it is easy to take a two-step approach to fund your electronic money account. You must exchange the currency of your country in the acceptable currency indicated above, then use this currency to fund your account.
The usual way to earn electronic money is to earn about 0.5% to 5% of your money as returns during the day, and let the magic of composition increase these profits every 24 hours!
The compound effect would really multiply your income, so it is possible to earn 5-digit income on the electronic money exchange itself!
In August 2006, the electronic money exchange system was updated. It now takes 24 to 48 hours to receive benefits. This allows you as a private electronic currency exchange trader to withdraw some of your earnings as living income and let the balance continue to earn as a cash cow generating a steady stream of profits.