I have two levels on my chart....one is margin 0 and the other is margin call level... will my trades be closed at the margin 0 line or the margin call line??
So what happens when my margin hits zero? I can’t open anymore positions? Also broker says stop out is 50%?!! Does that mean when my account balance is down 50% positions are automatically closed?!
It’s so confusing, think I’m just going to not let my account draw down less than 30% that way I should be well within limits
FXCM was 100% used to use Margin as a emergency SL, with enough of a position to keep the loss small, then trade smaller position. ICMarkets it's 50% so much easier to get carried away and hold and blow 50%+ of the account.
Yea I use robofoex aswell and it’s easier as u can just use your entire balance but forex time is only 1:30 leverage and 50% stop out but it still can get very confusing when your holding a few positions