How Does E-Currency Work

Online HYIPs need a payment channel to funnel in the cash quickly so they can get to work on their investments to make a profit. The most widely used E-Currency program used as a payment processor for HYIPs is E-Gold. E-Gold may be new to you as a payment processor, so let's talk about how to set up an account, how to use the account, and how to secure it.

The initial setup of your E-gold account is about as standard as any site registration can get. You go to the E-gold site, click on create an account, read through the user agreement and accept it, and then enter your contact details. Unlike other sites where you didn't care much about what your password was, and just wanted to be able to remember it, your "passphrase" on your E-gold account is the most important step. You want to create something that's not in any dictionary, contains a combination of letters and numbers, and cannot be "guessed" by your contact information. You should also use the "SRK Console" that E-gold provides, which is an Internet keyboard that allows you to click the keys instead of typing it out to prevent any viruses from picking up on your passphrase. Choosing a good password is a very important step to the security of your online moneymaking.

You fund your account by using an Exchange Service. An exchange service will convert your bank transfer, check, or money from other payment processors and for a fee deliver E-gold to your account. E-gold has a list of their recommended exchange services on their site.

Keeping abreast of the virus protection and updates on your computer is important when you're using an E-gold account. Identity theft is something you should be afraid of. It means that the bad, smart guy can use specific tricks to get your passwords, logins, and other sensitive information - which, of course, can include access to your e-currenty accounts. You should always use Firefox to log in, which has been proven to be a much more secure browser than Internet Explorer. Always run periodic virus scans to pick up keyloggers and trojans, and change your passphrase often, especially if you get IP change warnings from E-gold. All of these are strong ways of keeping your money and your account safe from hackers and scammers.

Source: www.goldpoll.com

Doing Your Due Diligence

So now you have a select group of HYIPs that you would like to invest in. You've mapped out your plan to maximize your earnings, and you're ready to set out into the HYIP world, and you're going to rake in the dough! Not so fast. Before you put your money in the hands of an HYIP admin, it's important to do your Due Diligence to find out more about the site and the admin before you hand over your money. Here's how you can accomplish this.

Many HYIP investors get caught up in the game of profits. They spot the first HYIP that promises amazing returns, and they shove their money at it. Before you lose it all playing this way, let's figure out who is behind these HYIPs first. Do a Whois information search on the site and see if there are any verifiable contact details in it. If it's full of useless information, that means the admin of the site doesn't want to be traced. Walk away.

Check out the site itself. If it looks like many other sites out there, they're probably using a cheap premade script. This is a big red flag. Not only does it mean that they're probably not in it for the long haul because they didn't invest in a strong, independent script, but most of the premade scripts are easily cracked and intruded on by hackers who can steal your money and your private information. Also be sure to check all the pages on the site for text that seems copied from other sites. We've seen some excellent examples like site names that differed from the domain name. Big red flag, again. If they did not bother to create a trustworthy-looking website, why should you invest in them? You are more likely to see some return if you choose a company carefully, paying attention to all the aspects.

Forums and monitors are a great way to figure out who is paying and who isn't. Look past the bickering that they bring and sift for useful information. It might make the difference between investing in a strong HYIP and a dead one.

And finally, you can just ask the admin some questions. Ask them about their background, why they think they can make money in the HYIP field, contact information, etc. If you don't feel comfortable in their answers, don't feel comfortable giving them your money.

Source: www.goldpoll.com

What's a Good And Bad HYIP

By now you've probably seen a good amount of HYIP sites on the net, all with their own set of earning potential promises, all with their own terms and rate of returns. The main thing you're going to notice is that they all wind up looking the same, don't they? But don't be fooled by looks and imitations. Some of them are just fronts for scammers, while other ones are rock solid and out there really trying to make money for you. Luckily, there are sites out there devoted to helping you make an informed decision on all of these sites before you put your money at risk.

The first place you want to look for information regarding any HYIP programs are rating, or monitoring sites. The good monitoring sites with a lot of traffic will give you the best possible insight into how a program is performing, whether it's paying its members regularly, and how it rates compared to other HYIPs out there. They contain enough information for you to choose, and the more user feedback a site offers, the better it is for your purposes.

Look around the monitoring site and see which programs have the most votes, as well as the most positive votes. A site with a lot of votes, but on the negative side, should immediately be taken off your probable list. A site with only a few votes, but all of them positive, should have a red flag raised. It could be that it only has a few votes because the admin is actually the only one voting for it, or it could just mean that it's too new to get any accurate measurement of how it's performing.

Message boards devoted to HYIP discussion is also a good place to get more information about good and bad HYIPs. You can check the comments on each program, and whether people are being paid or not. You can also keep track of any changes to the program throughout the life of the HYIP. Probably the message boards are one of the fastest and most informative ways to keep track of the current HYIP tendencies. You can choose a program by reading what the other folks say, and you can switch programs once you get any suspicion.

When you wind up joining with an HYIP, whether it's doing well or poor, it's up to you to vote on the monitors or join in on forum discussions. A strong member base is always a good backbone to any HYIP, and will help you maximize your profits.

I Don't Want to Get Scammed in HYIP

There's a good general rule of thumb in life that also applies very well in the world of HYIPs: if it seems too good to be true, it generally is. This applies to the HYIP world when you have sites that offer unrealistic return rates, like 100% a day or more. Sure, they may pay off for a day or two, but they're mostly just trying to create a strong membership foundation before taking their money and running. But just because that happens doesn't mean that you shouldn't even bother investing at all in HYIPs. It just means that you have to be vigilant in order to maximize your profits. Here are some ways that you can scrutinize an HYIP to see if it's the right one for you or not.

All HYIPs are risky. But then again, so are stocks, bonds, mutual funds, FOREX trading, and most other investment realms. It's just that in this case, if you make intelligent, well thought out choices, you stand to make lucrative profits quickly. Look deeper into sites that have earning potentials that are congruent with your goals for making money.

Some HYIPs are longer term, meaning you'll make a healthy profit months into the cycle, while others are shorter term and allow you to make more money quicker. Each one has its risks and rewards, and that's why it's important to map our your conquest before setting out into the world. That's also why it's important to diversify between different programs. Not "putting all your eggs into one basket" allows you the security of knowing that if one program fails, you still have others to back it up. Divide your money up according to your earning goals between the different programs you choose, and you'll be able to have a healthier portfolio, just like in the stocks and FOREX world.

All in all, you want to be cautious and aware about how the HYIPs do business. If there's anything confusing or fishy about the site, just look for another one you feel comfortable with.

Source: www.goldpoll.com

How Will HYIP Work for Me ?

Now that you know the basic gist of HYIPs, let's dive into how you can get to making money through these High Yield Investment Programs. We touched on it a little bit in the introduction to HYIP article, but the ins and outs of HYIPs and how to make money off of them requires a little more substance to the entire process. Here are some tips that you should keep in mind when you're preparing to dive into the HYIP world.

As mentioned in the previous article, make sure you don't invest money that you can't afford to lose. Do some number crunching to prepare a budgeted allotment of money that you know you won't become homeless or have the power cut off if you lose. It's a general rule with any investment, but it holds true even more so in the HYIP world. Another way you can lose your money real quick besides the investments going bad is having someone gaining access to your account and running it dry. With any account that involves money, you should have a strong password linked to it, and change it often. It's just an added layer of protection that you need to make sure your money is secure.

Don't expect the entire process to be piece of cake. Putting your money into a program you spent seconds choosing and then forgetting about it all, hoping to see millions in your account month later is most certainly a bad strategy. You will have to find out a lot and keep track of your current progress to switch programs if any of them performs bad.

Next, don't be greedy with how much money you can make. You're already going to make more than a yield with a bank, so why push it when it comes to how much a certain HYIP pays out in returns? If a return rate is much higher than others, it's usually a red flag and you may want to avoid it. Be sure to do your homework about any and all HYIPs that you join. There are sites all over the net that specialize in which programs are running well. Also, before you join any program, be sure to read the terms and conditions of the site in great detail. If you don't know what you're getting into, you won't know if something's wrong until your money is gone.

Source: www.goldpoll.com

What HYIP - High Yield Investment Programs?

If you've searched around the Internet for different ways to make money online, there's no doubt that you've come across the term "HYIP". You might have just skipped it and paid it no mind, but if you're reading this article right now, you must have questioned what the term encompasses. HYIP stands for "High Yield Investment Programs", which covers all programs, offline and online, that are used to invest money to receive a higher yield than you would normally get at a bank.

But that doesn't necessarily mean that it's a safe and solid investment. Look to HYIPs as more like gambling than an investment, and only use money that you can afford to lose. HYIPs basically take the investments of their members and invest them as a whole into more standard investments, including stocks, high yield bonds, foreign exchange trading (FOREX), or other programs. It works almost like a loan to the creator of the HYIP in which they pay you back with the profits that they gain on your money, kind of like interest on your principle.

HYIP online programs have different interest payment terms, and you need to know all the rules before you join up with one. They can either pay a daily percentage, which is usually in the range of 1 to 10%, weekly, which can pay anywhere from 5 to 50%, and monthly, which can pay anywhere from 20 to 200%. Make sure that you find one that meets your needs in terms of profit gains, such as if you're doing it short term or long term. Studying all the site information, including the FAQ, the terms and anything else you may come across is a good idea if you want to know what's happening with your hard-earned dollars.

Starting off with an HYIP online is simple, since all you have to do is register with them and then deposit some money into your HYIP account using the payment processor that they outline. The profits are paid out to the same processor to streamline the process.

Source: www.goldpoll.com