HYIP for DUMMIES

A thought came to my mind yesterday that despite the recent popularity of HYIP, many still does not know the basic of investing in HYIPs. Hence, I decide to write a DUMMIE’S guide to HYIP or you can call it a beginner’s guide to HYIP. Due to time constrained I might not be able to deal with all the aspect in a single post but I promise you that I keep updating it everyday till I have done justice to the subject matter. So, please check on here everyday to get the updates.

Before getting started, there are basic things you will need to know and below are some of them:

1) You will need to have an easy access to the internet and not just having the access; you have to be very active on the internet for you to be able to keep yourself up-to-date with all the latest happenings as regards your investment, like the Holy Bible say “My people perish for lack of Knowledge”. What you don’t get to know on time could cost you lots of money.
You will valid email address, a funded e-currency account and you also need to setup an account with the particular HYIP you wish to invest in. Normally, these are always free and straightforward.

2) You’ll have to go through an e-currency exchanger to fund your e-currency account; you can use the service of a fully online exchanger, which means conducting all the transactions from the exchanger website.

3) Choose an e-currency that you are very conversant with, that is easy and more convenient for you as regards your location, above all, that is accepted by the HYIP you intend to invest in. Also, make sure you know everything about managing your account; funding, withdrawal, fees and security

4) Choose an e-currency exchanger that is closest to you. This is a bit important because as much as both you and your exchanger will never plan or wish that anything go wrong, sometimes some things just go wrong. Many of this issue might be fixed through email or phone communication but I assure you that a visit to their office could be more effective.

5) Know how to secure you e-currency account log-in information for all your accounts. This issue of security is very important issue because if you expose your log-in information to the danger of unauthorized access, you run the risk of loosing all the money/information in the account concerned. This particularly concerns those of you that does not have a PC & Internet at home and will have to use a Cybercafé, nevertheless, people that do have should at home also should not take the for granted

Well, the above point might look too simple but like I said earlier, I’m approaching it from the DUMMIES angle.


Choosing An E-Currency To Use:
One of the problems you can run into is choosing a wrong e-currency for you need and situation. Despite the fact that there are some major and mostly accepted e-currency like E-Gold and Liberty Reserve, you have to make sure you choose the one that is best suited to your own situation, location etc. Some are also been recommended due to security reasons but I still maintained that you must evaluate your own situation. You can have as many different type of e-currency as much as there are since most of them are always free to open while some fees are charged on you transactions. In doing that I’ll like to advice you to always use a single type of e-currency for every single HYIP at a point in time for HYIPs that pays directly to you e-currency account, but where you will be the one to make a withdrawal from your HYIP account to your e-currency account, it is advisable to than one e-currency type attached to the account as to easy receipt of profit payout, in case one is temporarily down you will still be able to withdraw to the other/ other as the case may be.


...........Continue tomorrow