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.
I serve people who want their money to work harder for them instead of it sitting in the bank.