As I mentioned awhile back, I've moved up to the Level 3 portion of the ecurrency arbitrage video system.
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.