Account Summary
For Margin accounts account summary will show those info:
|
Part |
Description |
|
Balance |
Real amount of money a client has in his account |
|
Flt P/L |
The profit or loss the client gains or loses respectively, for all current opened positions |
|
Assets Value |
The total value of the opened position in the current market price |
|
Credit |
An amount of money put to the account of a certain client in order to be paid later (like a debt). |
|
Equity |
Balance + Flt P/L + Credit |
|
Used Margin |
Called also the Margin Requirement, which is the amount of money that can client afford in his account to buy 1 lot of a certain currency, as example… which takes (-1000) 0ff for each 1 lot, means 100$ for each 0.1 lot. |
|
Free Margin |
Called also Effective Margin, which is equal Equity + Margin Req. (Minus value indicates possible danger and closeness to Liquidation). It means how many lots of a certain currency can client buy with the money which he actually has |
|
Margin Level |
This equal to (Equity/Margin Req.) * 100% (the bigger number, the better), it is the most important value that both the client and the market maker should keep on watching, because, depending on its value, it can be decided how many lots the client can buy with the money left with him/her, and if the account is close to Liquidation point. If it was 100.00% or more, the account is on the safe side, if it was less, then there is a danger of liquidation to happen soon. |
- In case the account type is physical then the account summary will include the following:
|
Part |
Description |
|
Balance |
Real amount of money a client deposited in his account |
|
Flt P/L |
The profit or loss the client gains or loses respectively Which equals = Amount * Contract |
|
Cash |
Initial Balance + Flt P/L – Holding Value |
|
Holding Value (Trades Value) |
Floating value based on the current market rate Which equals = Amount * Contract Size * Current Market Price */ Ref Price |
|
Assets Value |
Initial Balance + Flt P/L |
- This option is used to close one or multiple positions, to close one position or all of your open positions together select the positions you want to to close by clicking on the top check box to select all positions or by selecting the positions you want and then press the close option. But this option validates the Maximum Amount Per Deal for each symbol so it will not allow you to close total lots more than the maximum amount per deal.
- The option Hedge Selected Positions is used to open hedged position(s) for the selected/all opened position.
- Right-clicking on any position in the Trade tab window you can either choose to close the position or to manage it (opens a window that allows you to set a take profit or stop loss that belongs to the selected position for the selected account).
Account Tree
You can find the accounts tree tab, and by selecting it you will view you account, and if you have more than one account then you will be able to select the desired account to trade with.
See Also