Friday, August 28, 2009
I still get the question; "is ecurrency arbitrage a scam"? That one is pretty obvious. My answer: no, ecurrency arbitrage is not a scam.
It's harder to explain what ecurrency arbitrage is and how it works but I was at the grocery store when it all came to me in a flash of fast food brilliance.
I was chewing on a piece of "free sample" pizza when it struck me. eCurrency Arbitrage is just like the guy handing out free pizza.
Honest ... let me explain.
When the free sample man is handing out free pizza, he's actually getting paid simply for giving things away. So he's happy.
And the customer receiving the free pizza slice is happy because they just got the free pizza.
Even the pizza company is happy because some of those people getting the free pizza are going to love the taste of the pizza and buy a few that day and probably be a pizza customer for a very long time (I didn't like it though ...too dry for me).
And this is the way it is with ecurrency arbitrage.
I mean, you're not standing in a grocery store, and you're not handing out pizza slices but the concepts are still the same.
Now you can easily see that the guy handing out free samples has a much easier time getting people to accept the pizza slice than if he were standing in the same spot trying to sell the pizzas.
Because it's always harder to sell something ...both in the store and on the internet.
With ecurrency arbitrage, you're also not selling anything ... so this burden is gone. The arbitrage companies you deal with are happy to pay you because they eventually are making money from your efforts.
So in all, everyone comes out ahead and everyone is happy when that happens. This is why ecurrency arbitrage is so much easier than trying to hawk products to people and compete with all the others doing the same thing.
There's more to explain of course, this is simply an analogy. Maybe I need to go for ice-cream ...maybe that'll inspire more clarity ...hmmm, seems like it's worth a try.
Sunday, August 23, 2009
Now I realize that this little blog isn't nearly as tough as running a full blown website, with all the html coding etc., but there's still a lot to be learned.
For example, I turned on the WebMaster Tools (ominous music plays in the background as the MASTER enters the room ...LOL) which shows me how many people come to my blog and most interestingly what they typed into Google to find my blog.
One of the sources of regular visitors to my blog was from a popular internet marketing forum called the Warrior Forum. So after checking it out, I decided to join their forum to see what I could learn.
Now here's the scary part, even though I just started out a few months back, I'm already considered a "veteran" by the forum standards.
There are so many people out there looking for a side business, or full time business, and it's incredible how many are just floundering around and bouncing from one fad to the next. And from what I can tell, very few ever make a penny.
On one hand I feel pretty fortunate to actually have achieved some success but on the other hand I now wonder why all these other folks are struggling so much ... because it makes me wonder if I was just lucky.
Of course, I did spend a couple of hours on the forum already so maybe it's more of a curse than an advantage to know about the Warrior Forum ...maybe that's why so many of them are struggling because they just can't get their head straight and get started on one internet business opportunity.
Just my rambling thoughts for the day...
PS. Of course, now that I'm a web MASTER and a WARRIOR, I've suddenly got this urge to take huge bites of grease dripping, fatty meat, wipe my mouth with the back of my hand and quaff down a stein of rot gut liquor.
Friday, August 14, 2009
Explaining how level 3 works is a little tricky so let me use an analogy that I think will help.
Now even though ecurrency arbitrage is NOT stock trading, I think using a stock market anaology will help me explain this level since most people understand the stock market a lot better than ecurrency arbitrage.
So the first thing that you need to understand is that moving from one level to the next level does not mean you're doing arbitrage or not doing arbitrage, it just means that you're doing ecurrency arbitrage in a different way.
It compares to the stock market as follows: imagine that you want to participate in the stock market. Trading stocks is not a "1 option" venture as you can do many things in the stock market.
As a beginner in the stock market, you may choose to simply buy an S&P 500 index fund and not worry about getting any better returns than the overall market in general. But maybe you're more aggressive and you want to pick stocks ...but not pick stocks.
Instead, you might take the effort to select a mutual fund that shares your investment philosophy and even though you're not picking the individual stocks, you're still picking a mutual fund that picks stocks for you. You can carry this out to stock market sectors, or geographic investments, etc.
Moving up the food chain further, you may choose to pick each of your stocks individually and count on nothing other than your personal knowledge of the industries you're trading. Or maybe you crave immediate gratification and want to Day Trade to put money in the bank daily (or lose money daily which is more often the case).
Ah ...but where's the leverage in all this? How about trading stock options, now you're really hanging it all out there, taking the big risks.
Of course, you can do all of these stock trading techniques. You can do them 1 at a time to suit your lifestyle / investment style, or you can do them all at once, or a portion that you mix and match ...it's really 100% up to you to decide how you want to control it all.
But no matter what you choose ...at the end of the day, you're still doing nothing more than trading stocks. It's just a matter of how you choose to trade stocks. You're not stopping your trading to invest in real estate or commodities, you're simply trading stocks but with different methods.
And that's the way the different levels work in Paul Jenkins ecurrency arbitrage system. No matter what level you choose, you're still just doing ecurrency arbitrage but you're doing it in different ways.
One method does not replace the other as you'll do them all, or some, or just one, or some combination as you choose.
In my next posts, I'll start getting into more specifics. There's still a LOT that I don't know and I have to watch a few more of the ecurrency arbitrage videos for this section.
Wednesday, August 12, 2009
Last day of my last vacation this year... almost too much of a good thing.
Now I need to work off a few massive dinners, lots of deserts, and maybe a fruity drink or two (hmmm ...maybe a few more than 2 ...but if you can't remember drinking it ...does it really count?).
I also need to get back into the serious business mindset again and crank up Level 3 of my ecurrency arbitrage business. I need to go back and watch some videos again. Even though I watched them before, I need to refresh my brain (I think I might have killed off a few of the brain cells that had the ecurrency arbitrage video info in them ...LOL).
New updates coming soon ...Ciao
Monday, August 3, 2009
I got off track and started preaching ...got a little success and a little "spunky" (Gramma's term) I guess.
Right after I laughed at the "leaky tent" boys, I came home and did the same thing they did ...just a little bit different.
You see, my car was coated with sand from the camping trip, and since it was a beautiful day, I decided to put on my swim suit and get a tan while washing the car. That was the "plan" anyhow.
The reality was me sweating like a marathon runner and scraping bug guts off the front of the car with my fingernails.
Not only was it gross scraping bug guts, it also destroyed my thumb nail, and frankly, it hurts. So you can imagine that after about 45 minutes of this "tanning", I started thinking about the 2 guys in the leaky tent, my last blog post, and the fact that I was now a raving hypocrite!
So my new pledge: No more minimum wage work for me.
I'll pay to have my car cleaned
I'll pay to have my clothes pressed
I'll pay for the reserved seats and show up at the start instead of fighting the gate crashers
I'll pay for all the work that I hate to do, don't like to do, or work that simply takes me away from what i should be doing --- running my ecurrency arbitrage business.
P.S. Can anyone tell me if there's anything harder than sun baked bug guts? I truly doubt it.