Great explanation of this process. The exchange is not very intuitive in the UI so it seems like it will be catering to advanced traders for now but once you get the hang of it, it really provides the best margin trading experience of all the exchanges. The no interest/collateral system and the ease of updating your position as well as the minimal fees make this exchange a level above any I have ever used. I have been using it for a week and I was suprised to discover that so far my total fees for all my trades are <$0.07. I really hope more liquidity flows into this exchange which is what it needs to become my go to exchange for all cryptocurrency.