First time in the terminal: what confused you most?

The MetaTrader terminal shows balance, equity, margin, free margin and margin level — five numbers that overlap confusingly. Most beginners stare at it for weeks without knowing which one to watch.

First time in the terminal: what confused you most? — leverage and margin diagram
Leverage: a small margin controlling a larger position

What confused you?

  • the number you misunderstood at first
  • how you eventually learned the difference
  • which one you check before opening a trade now
First time in the terminal: what confused you most? — trading sessions clock diagram
The four forex trading sessions across a 24-hour day

The leverage and margin guide defines each number with worked examples.

Background: Leverage and margin explained: margin calls, stop-outs and how losses grow

Leverage lets you control a large position with a small deposit. It magnifies losses exactly as much as gains, and it is behind most blown trading accounts.

What does 30:1 leverage mean?

You can control a position 30 times larger than your margin deposit. $1,000 of margin opens a $30,000 position, and gains and losses are calculated on the full $30,000.

What is a margin call?

A warning from your broker that losses have reduced your margin level to a set threshold. If it keeps falling, the broker starts closing positions automatically, which is called a stop-out.

Read the full guide

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