Hear what's new for us here at iX Global!!!! 2021 is your Year! Have a watch of the video.
Alongside the automated trading services I use via iX Global, I"m also an affiliate marketer. I share products and services to my large community. So when this new video came about about the iX Global plans and vision for their business I was very excited.
Have a watch of this short sypnopsis video of what they have in store!! For me this iX platform is beginning to bring together some of my favourite activities and interests.
See more of iX Global recently released video collection here
Here’s an explanation of what you see in your MT4 and why you need to look at them.
Figure at top - your running profit or loss on all trades
Balance - This is your cash balance which includes the cash that is currently being utilised in your trades
Equity - Your balance minus/plus the trades - where you would be at if you closed all the trades at that moment
Margin - the amount of money you need in your account to be able to place a trade. Like a deposit.
Free margin - Equity less the margin. You want there to be equity. This is also where if you calculate your position if the market were to move against you to a certain point you can see if it takes up your free margin.
Margin level % - this is calculated by your equity/used margin x 100%. . The closer you get to using 100% of your margin the closer you get to being stopped out. You always want a healthy margin. At least 500, over 1000 is better, when we are running large lot sized trades.
So check in on your margin level daily.
The commentary I write is not financial advice, it is meant to help others with their self knowledge and growth.
From February 2021 onwards I'm just going to share my trading results monthly. Trading is a long term activity and I have found at measuring at daily and weekly level there is alot of activity and can be a bit too emotional for me so I think just looking at a higher monthly level would suit better. So I wont release my Feb results wont be released until the month is complete.
If you want to see my results within the month then please do ask and I can share.
I serve people who want their money to work harder for them instead of it sitting in the bank.