Understanding your MT4 App

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.
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https://www.babypips.com/learn/forex/what-is-margin-level

The commentary I write is not financial advice, it is meant to help others with their self knowledge and growth.​