WSE Trading - Lesson 1: Newby

Hi all, I want to share with you a simple guide to the WSE. This is based on my own experience and is in no way endorsed by WSE. I recommend the EDUCATION section on the WSE website; the video tutorials explain things well.

So you have been informed that your bank balance is now in the form of bonds and you want to get at them? You have heard about a new way you can "gamble" your lindens and you want in to the club? You overheard the "big-boys" (or girls...) at the boozer near Wall St (or Bond St if you are in Australia like me) talking about a no-regulation, no-tax, no-bank-trade-fee, no-barrier-to-enter virtual stock exchange and you want to contribute to the conversation? Well, welcome to the WSE! The first thing you need to do, apart from get the web(link) address is create a login

a) Creating a login: This can be done in SL and now through the WSE website

i. Through SL - TP to "Hope Capital" You will land on the first floor of the WSE building. There is an ATM to the right of you. Type “reset password” and you will receive a temporary password. You can copy this if you select it in Chat-History.

ii. Through WSE website - Click here and enter your details. You will receive an authentication email and login credentials.

Once one of the above has been done, you will be ready to access the site.

b) Logging in: www.wselive.com (easy one to remember, tricky one to master) To login, use the “Login” button on the top of the screen or in the right hand navigation bar. If you use Firefox (as you would never use Internet Explorer…right?) you will find that it will remember your password. This is handy (but don’t forget the security risks if you’re using a public PC) Enter your login credentials as you received.

i) Second “Lifer”: Use the second life First Name, Last Name of your avatar. The password will be the one you received from the ATM at Hope Capital.

ii) WSE created: Enter the details as outlined in your confirmation email

You will now notice that you have access to a few more functions than before you logged in.

The first place I will show you will be Portfolio and it will probably become the first place you look when you log in.

Portfolio shows you the current balance of your account (in Lindens and WICS), the interest your balance has earned (again, in Lindens and WICS, as they earn the amounts independent of each other) and the total holdings of your equities (stocks or bonds) showing the amount, the current market value of these (based on the current “ASK” price) the loss or gain (based on the purchase price compared with the ASK) and this loss or gain expressed as a percentage.

This concludes our first look at the WSE. Hopefully it shows you how to create an account/login and how to get into the site and check your current position. My next little-lesson will be on trading and WICS. (don’t worry, it will make sense soon enough!)

Your’s in knowledge,
Logansan Oh
- CEO, Chairman