A Better Way To Trade
Douglas Bebber
I have found what I believe to be a much better approach to trading and investing and I’d like to pass this new found knowledge on to others. I will do this in summary form as a detailed description and analysis may prove to lengthy for most readers in a forum such as this. I’d like to start with a summary of the following beneficial characteristics relative to traditional forms of trading and investing:
No account sign up - you don’t need to establish an account or provide personal information to start trading and investing. This avoids all the potential pitfalls around Identity Theft. It also doesn’t require someones approval for you to trade or invest. It also speeds up the process in that if you want to trade/invest you can do so as soon as you wish, there is no waiting for long bureaucratic process requiring government notification or approval. Bottom line is you don’t need permission to trade or invest!
No minimum account balance - you can trade as little (microfunding) or as large amounts of capital as you like. For example, let’s say you want to trade/invest in Google stock (which is currently trading at more than $500 per share), if all you have is $20 you can still invest your $20 in Google stock and have your $20 investment grow in proportion to Google stocks appreciation. So you can trade/invest, go long or go short, on more than 75,000 global financial instruments with as much or as little capital as you have available.
No broker or exchange needed - you trade directly with other traders (peer-to-peer) with no counterparty risks!
Create your own trade contracts - You have the flexability to define your own swap trade contracts! For example, if you think Google is going to go up in price and Apple is going to go down in price, you can create your own trading contract GOOG/AAPL where you receive GOOG stock and pay with AAPL stock. If things go your way, you will receive higher profit due to the appreciation of GOOG stock and even higher profits because the price of AAPL stock decreased. You can also obtain leverage through defining your own trade contracts. For example, if you think the price of silver will increase moving forward you could create the following trade contract USLV/DSLV. USLV is a 3X leveraged ETF that moves 3-times Long the amount of the price of silver, DSLV is a 3X ETF that moves 3-times Inverse the price of silver. So if you receive USLV and pay DSLV and the price of silver increases, your profits are effectively leveraged 6X the amount of capital invested.
Trade with bitcoin crypto-currency - The bitcoin crypto-currency is used for this trading platform because these described benefits are not possible with traditional government fiat currencies. Additionally, bitcoin as a currency has the attributes of a sound money currency in that it can not be debased through creating new currency out of thin air ad infinitum. The bitcoin currency is digital and can be transmitted without the barriers and obstacles associated with fiat currencies. It is very secure, and this new trading/investing platform would not be possible without bitcoin.
Smart Trading Contracts - there is no counterparty risk in this trading/investing platform because all terms of a trading contract are defined explicitly in the form of a smart contract that resides and executes on the Bitcoin blockchain. Settlement is carried out via the laws of mathematics with no human intermediary. All prices for trades and trade settlements are provided by the global exchanges where the financial instruments trade. The UltraCoin service brings traders together, and provides price discovery via data feeds provided by the global exchanges. The only human involvement is the two traders that agree to any trade contract.
No 1099s / No transaction parasites - trading activity is not reported to any central body such as government tax authorities. Any such reporting is left to the individual traders who participate. The trader is the one to decide whether or not to report any profits or losses.
Low cost/Low fees - There is no cost for the software to start trading with UltraCoin. The software is cross platform and runs on Windows, Mac OS X, and Linux. The fees for individual trades are lower than any other platform (that I am aware of).
There are many more benefits to trading and investing on this (UltraCoin) platform, however, due to space, I won’t go into them here. However, I invite you to look into trading and investing with UltraCoin.
Go to the UltraCoin website to learn more.
There is a Google group UltraCoin Traders where you can go to learn more and talk with other UltraCoin traders.
I believe that this is a superior model for trading and investing that will render existing models obsolete. I invite everyone to take a look for themselves!
“You never change things by fighting the existing reality.
To change something, build a new model that makes the existing model obsolete.”