Ecurrency Guide For Beginners

ECURRENCY GUIDE FOR BEGINNERS 1. INTRODUCTION 2. MEANING OF ECURRENCY 3. DIFFERENT KIND OF ECURRENCY 4. ADVANTAGE AND DISADVANTAGE OF ECURRENCY 5. POPULARITY OF ECURRENCY 6. WHY ECURRENCY 7. E-GOLD AS AN ECURRENCY 8. E-GOLD SECURITY AND SAFETY 9. HOW TO SECURE YOUR ACCOUNT FROM CYBERROBBERS[YAHOOYAHOO] 10.HOW TO SET UP YOUR E-GOLD ACCOUNT 11. HOW TO ACCESS YOUR E-GOLD ACCOUNT

AND TRANSFER MONEY TO ANOTHER PERSON E-GOLD ACCOUNT. 12. WHERE TO FUND YOUR E-GOLD

ACCOUNT

INTRODUCTION The future belongs to two classes of people:those on the internet and those who are out of business...............Bill Gates I consider this era the best time to live on earth,this information age has brought a lot of great opportunities which our forefather never experienced.The internet has totally transformed the way we work,the way we communicate,the way we transact business,the way we play,learn and the way money is made, built and controlled. Now you can trade forex,stock, invest online,trade on gold,real estate and many other money making activities in country like USA,UK CANADA,CHINA or any other country in the comfort of your room. That is why you should not be left out in tapping this tremendous opportunities abound on the internet.

MEANING OF ECURRENCY As a beginner to internet business you must have contact with a lot of `E`both online and offline,E-MAIL,E-COMMERCE,E-ZINE,EBOOK,E-MARKETING and other ‘E’s. These ‘E’connote ‘electronics,which means anytime you see e-mail,it’s talking about electonic mail that can be sent or received electonically via the internet.When you see E-book,it means book that can only be delivered electronically via the internet.E-commerce means buy and selling of product and services via the internet. When you see Ecurrency,it’s talking about electronically currency [money]which can only be used to transact business,make payments,settle debts,buy rea products and services on the internet.All payments are made electronically on the internet unlike the real world where payments are made with physical money.

And,E-currency has many names,it is synonymous to electronic money,internet money,digital money,digital gold or digital gold currency[DGC] E-currency is a medium of transaction denominated in weight of gold or gram of gold,or ounces of gold.The weight of gold is used in converting one currency from another.

ADVANTAGES OF ECURRENCY

1. Interchangeability-since gold is the common standard used by the

national currencies exchanges between the national currencies are easily facilitated. 2. Speed-E-currency denominated transaction are almost instataneous.And the fees are lower than those of credit cards. 3. Anti-inflationary-Ecurrency is based in the weight of gold.The

weight of gold does not change,it’s weight does not get inflated.But the exchange rate of the national currencies.........which is based in gold change.That’s why we have the ultra-thriving forex industry.would you believe?average volume of 1.5 to 2 trillion dollars per trading day.

DISADVANTAGE

E-currency players,except the investors[especially beginners like you and me]don’t normally check and verify the identities of their cotransactors.This anonymity factor is therefore prone to be used and abused,by the people and organization deal in shady background. But if the user takes adequate protective measures,the potential gains,far outweight the potential risks.That’s why it is a thriving industry.

POPULARITY OF ECURRENCY

E-currency are gaining popularity everyday unlike in the past,when ecurrency were not accepted by some people.For instance,there was no forex broker that accept e-currency before to trade on their platform,but now,some brokers have been accepting e-currencies which is the fastest and easiest way to fund and withdraw money from your broker.If you fund your account today and you start trading the same day.This is a big opportunity for those who cannot meet up the requirement in opening domiciliary account in the bank.

WHY ECURRENCY? If you want to dabble into online business,you really need this ecurrency.Millions of people,if not billion are using this ecurrency across the world.It is really the online payment solution of the future. Ecurrency account is free to open and best of all it’s accepts everybody,there is no discrimination whatsoever unlike other payment processor like paypal,virtual card and others. You can set up your business and receive payment globally within minutes.Also,you can register your domain,host your websites,shop for whatever you want and pay with your ecurrency instantly from anywhere. Ecurrency system is the cheapest and has the lowest charges,for instance,a $50 dollar virtual card will cost you about #11,000 while ecurrency will just cost #7500 or less.The worst part of it is that your virtual card will be declined 60% of the sites where you try to make a payment just because you are in Nigeria but ecurrency will not be declined as long as merchat accepts it. Now i will be talking about e-gold which is the most popular of all the ecurrencies.E-gold is one of the first digital ecurrency providers,having started in 1996.E-gold account are backed by actual physical gold,dollar

for dollar,you don’t have to ever take physical delivery of gold,but if want to,you can,with an additional handling charge because e-gold is tied directly to the value of gold on world markets.And,e-gold account fluctuate up and down with the value of national currencies as they move with the spot price of gold.You don’t have to use any calculators to work with[troy ounces]everything is converted for you in the currency you want to view in your in your e-gold account.

Below is the price of gold as taken from London Gold Exchange and example of spot Gold price

DATE PRICE 01/04/2008

PRICE PER OUNCE

$282.05/

SPOT GOLD

E-gold account is the oldest,fastest,most successful and reliable ecurrency account in the world today.Because of this many good and bad people flock to the e-gold account for business.Some goes to transact legal business while others seek for ways to hijack people’s money from the system.Because of these criminal activities that go on in egold,precaution has to be taken to avoid your account being burgled by online cyberrobbers popularly known as “yahoo yahoo” in Nigeria.

One important thing that i would love you to know is that e-gold system itself is solidly secured.That means no hacker [cyberrats]no matter how proffessional and exprienced can be breakthrough the e-gold system.It is the only e-gold user like you and i that can be mistakenly[if you don’t follow the step below]open doors for cyberthieves.

E-GOLD SECURITY AND SAFETY As far as safety and security are concerned,e-gold users who have reported having their e-gold accounts hacked in the past may have been responsible themselves due to lack of security on their own personal computer rather than e-gold system.If you are going to move money online you need to set up your pc to prevent identity theft. THESE ARE THE STEP TO TAKE TO SECURE YOUR ACCOUNT FROM CYBERROBBERS 1. You need anti-virus,firewall and anti-spyware.Even if you don’t have your personal computer,check if the cybercafe you want to use install them on their computer 2. Use Mozila Firefox with google browser whenever you want to use

e-currency account because it has advanced features.It is not recommended to use windows internet explorer---------you can download it at www.mozila.com

3. You must use seperate passwords for your various e-mail

addresses,online site,forum and e-gold.One of the easiest ways hackers get to your account is via this type of laziness.This people will just set up a fake program,have your register and enter a password,pick up the password through the back office of the site and try your email address.It’s surprising how often they score passwords...with this method. 4. Once you have e-gold account you should consider creating a seperate e-mail address just for the e-gold account. 5. Never open suspicious e-mail message.If you do open one and

think is from e-gold,never click on the link,even if it looks like your payment proccessor’s real link.Just roll your cursor over the link and you can see in the bottom of the page that it’s phising link and not from e-gold.com.If you see strange e-mail message from egold,beware!!! Post warning on it’s website[which you should take time to read]that they don’t send out chatty update email accountdelete the message immediately. 6. You can also get a second e-gold account.Infact,some people and

online based businesses get two or more e-gold accounts-one to be used solely for the high risk hyip,auto surf,forex and private investment club and some other multi level marketing and a seperate personal account that you keep your actual funds in.So,egold security begin with you. 7. Always update your operating system for the latest system updates. 8. Always use ‘SRK console’when typing your password to access

your e-gold account.It may be time consuming,but it’s worth it.especially if you have some money in your e-gold account.This prevent keyloggers and trojans from loggin your typing on the keyboard. 9. E-gold never ask for your passphrase.If you receive e-mails from what seems to be e-gold claiming they need your loggin information for reason,delete it!! It’s not e-gold.

10.Always delete cookies after you’ve used a computer in public places[cybercafe]even at home.It is simple to do,on your browser click “tools” then “internet option” a pop up will appear.Click the general tab and “delete”cookies inaddition,you can delete offline files and clear history. 11.Never use dictionary word as your password,like information,wisdom ,street but you combination of letter and figure and sign.[w5ty8ik43,d=y6nve911,wyoseewgt 12.Also,remember to ‘untick’ the small square botton beside the box where you are required to type your e-gold account number.This will prevent your account number from registring in the system you are using to access your e-gold account.

HOW TO SET UP E-GOLD ACCOUNT STEP 1-Copy www.egold.com in your browser. STEP 2-Click on create an account on the left hand side bar of the e-gold website. STEP 3-In the next page you can read the e-gold terms and agreement,if you want to or simply scroll down and click on ‘I AGREE’ button. STEP 4-Then fill your needed contact detail and information,make sure you use correct contact address.You ca fill in ‘online biz’ in the space for description.Alternate passphrase is an alternate e-mail addresses,passphrase is your[password],you must have to add number to the password you choose as in[ rtyi854io],then use srk console. STEP 5-After filling the form, click ‘open’button of the page. STEP 6-An e-mail bearing your [e-gold account number]will be automatically sent to your e-mail address.If you don’t it in e-mail box, check your bulk e-mail.

HOW TO ACCESS YOUR E-GOLD ACCOUNT AND TRANSFER MONEY FROM YOUR E-GOLD ACCOUNT TO ANOTHER PERSON E-GOLD ACCOUNT. STEP 1-Log into your www.e-gold.com. STEP 2-Type your account number,your passphrase and then turing number. STEP 3-A pin number will be sent to your e-mail address. STEP 4-You will copy that pin number in the box displayed. STEP 5-Click on spend. STEP 6-A payment order form will open for you which require detail. [1]PAY-the account number of the person you wish to transfer money to. [11]AMOUNT-the amount of money you wish transfer . [111]In the box,click on the small arrow at the end and click on US Dollar’s worth of gold [1V]MEMO-type the purpose of the money you wish to transfer. [V]Click on preview [VI]Payment order preview page will open for you.cross check if the account name of the person you wish to transfer money correspond with the in preview page and then check other information to see if they are accurate.After that click on ‘confirm’ once you do that,the money is automatically transfer immediately.

WHERE TO FUND YOUR E-GOLD ACCOUNT 1: You can fund your account through some e-gold exchangers,there are many of them arround.contact them,you can also fund account through us.

2:You can fund it through e-gold users like you in your area as it is no more difficult to see them nowadays because many people having using e-gold system.

In addition,you can use the process above to convert your e-gold dollar to naira.