Can someone please explain leveraged transactions?

[Omni]

Hi,
 I would like to learn more about how leverage works on Bitcoinica. For example, what collateral do they require before you can leverage your bet?

Thanks

[Otomakan Ishotas]

I would like to learn more about how leverage works on Bitcoinica.

Great! It works this way. If you even need to ask, you will lose all your money. Just a matter of time.

[kokjo]

Hi,
 I would like to learn more about how leverage works on Bitcoinica. For example, what collateral do they require before you can leverage your bet?

Thanks

you put in some btc(or usd), and you get some more only to trade with. if you make a wrong bet, you can lose all your money, instead of only some of it...
you can not withdraw the borrowed or leveraged money, and if you go under a certain point, your position will get liqidated.

higher risk, higher reward.