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| Have you ever been to an auction?
the markets work on the same principal ..
there is no price, until you and I make a trade and set one.
I got it, you want it, what's your bid?
a trade is made where BOTH the buyer and the seller
expect the price will NOT BE in the future.
think of the exchange as the place holding the auction,
they take a fee from every trade that is completed.
the bid is the buyer,
the ask is the seller.
things get heated when there's more that want it ..
and are they're willing to pay up ..
and up we go until there are no more buyers
things get cooled down when no one wants it
and no bids (buyers) are offered.
so down we go to find where those buyers are.
Simple eh? Sellers and Buyers ...
and a place to track all those transactions.
Strange how something so simple can be so complex,
and, at times, so (blank) fast!
like an elevator .. an out of control elevator
with a mad man running it. | |
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Stupid question
