Heck I never have before either and you can tell from what’s ‘not’ on my page as to how much I actually know. But to take it to the next step, if that’s what I end up doing, I will have to learn. Right now I am just basically redirecting interested traffic to them. To be honest it scares me a little to learn too much cause my gambling instinct might take over and next thing ya know I’d be a customer. Wonder if an ‘allin bluff’ would work there? :rollover:
But my take on the basics are this, you pick 2 currencies, lets say the US and Canadian dollars. You select which will gain in value compared to the other and buy an option on a large contract for the end of the day or maybe ends tomorrow. You hedge or buy this contract for a small actual deposit against it lets say $25. at 100 to 1 so the contract would have a $2500 value. Therefor for every 1/100th of a cent the 2 currencies vary against each other from the start price you would either lose $1. or make $1. depending on whether you picked the value direction right. And if by chance in the first hour it moved 25/100ths (1/4 of a cent) in the wrong direction you would have lost your $25. and the contract would expire. No one take anything above as accutate as this is just my take on how the whole thing works.