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Looking for ways to make money in the Monetary Market? Here's a quick and dirty look at how I at least do it. It's not to say that it's the best way or the only way, but this is how I use the Monetary Market:



Number 1: Buy Low / Sell High

Everyone knows this bit. You sell your gold when it is in high worth and buy it back later when the prices are lower. You make a neat profit without losing gold and the only thing it really costs you is the time you spend.



Number 2: Check Other Markets

Say you are looking to sell 1 gold and at the time the top price in the USA (USD) is $700. Say at the same time the top price in Canada (CAD) is $800. If you sell your 1 gold for $800 CAD you have made $100 more than if you sold it in the USA. Then you could either wait until the gold in Canada drops and buy the gold back with the $800 CAD you've made or you can trade it for a different currency.



Number 3: Trading Currencies

Say you've done the above and sold your gold in Canada leaving you with $800 in your pocket. Want to move it back to USD? Check the going rate by making sure the Canadian flag is in the “Buy” and the USA flag is in the “Sell.” The price there may be something like 1 CAD = 1.1 USD. That means you'll get $0.10 for every dollar you sell or that you'll end up with 10% more in USD than in the CAD you currently have. By selling your gold for more than what you would get in the USA, you would make a profit over what you would have originally made even if you sold it for an even 1 CAD = 1 USD. So if you, in turn, sell your $800 CAD for 1.1 USD each, you will end up with $880 USD once it is all sold.



Number 3: Cycling Currencies

Another thing you could do is just cycle the currency you have around. Instead of moving your CAD for 1.1 USD each you could move it to NZD (New Zealand) for 1.3 NZD each. That means that once your $800 CAD has sold, you will have $1040 NZD in your pocket. You can move that NZD to any other currency you like and it will keep multiplying as long as what you are trading it for is above 1. But if you want to stop here and just trade your $1040 NZD back into USD, even if the going rate is 1 NZD = 1 USD you will make a profit still with $1040 USD in your pocket once it is all sold.




Number 4: Buy in Other Markets

Another thing that you could do is once you've moved currencies you can move your final amount to a currency that holds gold for cheaper. Say something along the lines of selling 1 gold for $800 CAD and cycling that around the Market until you have a fairly decent amount of pocket change. Then just move to a currency that sells gold for something like $600 and buy back not only the gold that you sold, but more gold on top of it that you can easily sell elsewhere.






Part 1: Market Basics: Buying and Selling

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