Ecurrency Exchange and Ecurrency Trading

There's no SEC (securities and exchange commission) and other regulatory rules that govern ecurrency exchange and trading. There's no actual exchange or board such as the Chicago Merchantile or the New York Stock Exchange or the AMEX. You have to be really careful with these programs. If you're really tempted, then do it with a small amount of money that you won't miss if it's gone because you might not see it again. Give them $10. Test it out. See if you actually get $1 a day for 6 months if it's 10% return.

Here's some safety tips:

E-gold does not reverse charges, so if it's a fraud or scam, then your money is gone. Paypal will let you dispute charges, so Paypal is a safer bet.

Make sure you get the name of the company, and then verify that it's an actual company. Get the company's mailing address and phone number. Call up the phone number and see if someone actually answers with the company name. If it's an offshore company in some place you never heard of, and there's no company address and no company phone number then be careful.

Make sure there's a company website that you can look at. Search online for the company name or the name of the individual with the word SCAM behind it to see if anything comes up. If there's a bunch of results, be careful, it most likely is a scam.

If it's a person that solicited you to join some high yield investment program, get their full name. Verify that there is actually such person, do a search online in the white pages. Ask for their phone number. If they refuse to give it to you, then something is fishy here. Call the number, make sure it's really their number.

Also, never send money to any individual to join some type of program. You can't trust an individual that you don't know.

There are some ecurrency exchange programs where it's very hard to take money out of the system. Some people have to wait 6 months. Is this the type of investment you want to get into? Maybe in a few years if it's regulated and there aren't as much scammy programs. And if you can actually withdraw your money when you want.

I don't like mutual funds that much, but I'd rather you put money into a mutual fund than into some kind of ecurrency program. With mutual funds your investment could lose value, but at least you can take it out when you want and no one will take that money from you. I hate scammer, and I hate people that take money from hard working people because they can't make their own money. You need to be careful. Because of the ease of the Internet, a lot of scammers think it's the Gold Rush and they can take advantage of innocent people because it's low expense to them and there's masses of people online.