I could grab a penny!
we could very well be on the verge of Proudhon pumping Bitcoin!!!
lol. I just want to understand how this leveraged trading business works. It's mystifying the way you guys talk about it.
how u likin this Proudhon!!!? you be makin MONEY!!!
LOL. You guys need to teach me this trading business as well. Seems too damn hard with all these terms. WTF is spread or margin ? I feel like an idiot every time I read the speculation board.
Google should be sufficient to teach you how to trade
If not, read the drug dealer analogy up there.
Leverage = You borrow money and use it to take a position on the market. Later on, you return the money. If you lose enough money, your own balance is wiped out and you have to repay the loan. It's a way of multiplying returns.
Spread = Ask - bid: Bitcoinica makes a profit by buying low and selling high to you. They sell to you at the ask (you buy at ask when you go long), vice versa for bid.
Shorting = When you borrow bitcoins to sell, and the market takes a plunge, and then you buy more bitcoins and keep the difference.
