Re: More info on currency trading...

Dave, although I replied about this in my other post...I'll delve a bit more into it here.

If you've been working DXG for 2 months, and haven't doubled your money each month, you didn't learn everything you needed to from the DXPT site!

I absolutely guarantee that I can teach you strategies to increase your portfolio...possibly even the amount you make on everything else as well.

As far as Inxchanges...you came during the holidays. Had you been a member back in August or so, things were flying. It only slowed down because Evocash decided to close up shop (that was THE currency in DXG...I regularly had $1k inxchanges on a weekly basis...still have claims from them that I haven't claimed too).

As far as outxchanges: Had you been a member of one of the communities, we would have told you ways to increase the speed...well, at least the speed per dollar transferred. I won't get into it on this board, but if you want to know, just shoot me an email.

As for your third paragraph...the CEP has been attracting much bigger "P4" exchanges than you might expect. I personally avoid them due to being lazy, but those who are running them for our group are probably making a killing.

Again, holidays have slowed things down...however I've had 3 inxchanges in the past 3 days, so things are getting back to normal quickly. I made $50 on exchanges tonight alone (and my float isn't very big...around $1300).

Again, you CAN'T learn everything from the DXPT site unless you are a member. The stuff accessible to non-members is outdated (just read some of it and compare...I was reading through some portfolio info tonight, and saw some really old info in there...their main strategy that they talk about with moving entire float into portfolio can't happen their way anymore as there is a limit on how much float can be transferred). Members of their site have great info though. The forum is packed with great stuff, and Dave is in close contact with DXGold owners to ensure the info in there is up to date. Their members also frequent our forums to help answer questions.

Last paragraph: There are MANY merchants that do not use dxgold for anything other than getting e-currency changed from one to the other. Sometimes it's far more convenient for someone to withdraw money via Intgold because of the debit card, so they want to transfer their e-gold to intgold to simplify their lives. We do trade alot with other members, I'll grant you that. But believe me when I say that the overall plan is on a much bigger and more important scale (or so I've been told).

The dividends question is pretty easy actually. What do you think happens with all that money in your portfolio? It's certainly not just kept in a bank account. Actually, it is "loaned" to currency exchangers all over. DXG gets a portion of the fees they charge their clients, which in turn dictates what we make.

I will agree on the Vanuatu thing though. I know there are plenty of legit companies that operate from islands simply due to U.S. restrictions, but it only takes one bad apple...

That said, with all the money invested in the new system, I doubt they'll be leaving anytime soon. They've spent quite some time on it, and I expect they have more in store for us "processors".

Anyhow, just wanted to clarify a few things.

As I've said, feel free to email me and I can help you get your earnings up to speed.

Sincerely,

Chris

stillsmuthNOSPAM@netscape.net

> Sorry everyone, I just realized this thread was still going... I dunno, I
> read what the others are saying, and just don't see it happening that fast
> (6-8 months). I started with just under $1000 out of pocket at the
> beginning of November. Today, just over a couple months later, my DXGold
> portfolio is worth about $2100. It's going to take a while to build up
> enough to live off of, but the growth is exponential if you stay on top of
> it and keep the currency flowing every possible chance you get.

> A couple things come into play, the most important of which is the flow of
> ecurrency through the system. Some weeks, I might get several automatic
> "in" exchanges and then I might go a week without a single one.
> Also, when you need to get money out of the system and back into
> ecurrency, you have to post what is called an OutXchange and then wait for
> it to be filled. If you don't have ecurrency, you can't make any other
> trades, which means no $$$. So, it takes 4-5 days for a tiny little $200
> OutX to be processed. I can't imagine how long it would take for a larger
> one to go through.

> There ARE other ways to get your DXGold back to ecurrency, but it doesn't
> involve actually doing exchanges. I really involves swapping DXGold for
> the ecurrency of new people coming into the business. The problem there
> is, most new people want to start with very small amounts of money. But,
> once they build some confidence, you might be able to swap larger amounts
> such as several thousand at a time.

> When I get ecurrency, I spend about 30 minutes max doing as many trades as
> I can, and then I have to wait another 4 or 5 days to get ecurrency back
> out again to do more trades. With the small amount I have to work with
> now, I'm able to make maybe $50 per week (MAX) on trading fees. Then, I
> make somewhere between 4 and 6% on my portfolio.

> The other pain is remembering the end of session every six days. The key
> there is to get as much currency back into DXGold and buy more shares in
> your portfolio. They only calculate dividends once each session, so if you
> forget and miss one day, you have to wait another 6 days.

> Don't get me wrong, it's pretty cool, and it CAN make money, but it's not
> a big bowl of cherries like some people make it out. Also, you CAN learn
> everything from the DXPowerTeam site. I know because I did and it only
> took a few evenings of steady reading and doing.

> Now, here is the weird part if you really think about it. With DXGold,
> we're not trading currency for any "customer" whatsoever. We're
> simply trading currencies with OTHER DXGold merchants who are doing the
> same thing I'm doing. It's almost like we're just practicing for something
> bigger right now. It would be like me and a friend just trading american
> and canadian money back and forth, and somehow paying a fee every time we
> did it. I still don't quite get how/where the dividends are being created
> or who is really paying them. It would seem it's all being created out of
> thin air. I'm also a little nervous about who is actually holding my money
> when it's all in DXGold and waiting to be exchanged to ecurrency. The
> company is based in Vanuatu which has very tight privacy laws and there
> would be little recourse if they decided to walk with the money.

> I hope that helps a little more...