Sunday, February 26, 2006

e-Currency Trading As An Income Stream

While looking for ways to diversify my income streams, I came across a system that I'd never encountered before. You've probably heard of Forex (Foreign Exchange) trading where different currencies are sold in order to make a profit on the values of those currencies. It's a risky proposition and one I never felt was personally worth the risk.

But there's another way to make money from exchanging currency. The way your bank does it. Banks never lose money on any currency exchange, regardless of how strong or weak a currency is. Why? Because they charge a commission on the transaction. If there's a 2% commission and you change $100 into another currency, they still get $2 (2%) of the transaction whether you're changing to Yen, Euro, Rupees or Pesos. They don't care what the exchange rates are. They always get that 2% commission!

The rest of this article is here.

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