Dislikedstill have dificulty to understend if y open 1 eur posicion gbp jpy what is my margin ?Ignored
When calculating the required margin you need to take into accounts various factors, such as the currency of your account, leverage, and value of a position.
Margin calculation formula for forex instruments is the following:
(lots * contract size / leverage) where the result is at always in the primary currency of the symbol (base currency).
For STANDARD accounts all forex instruments have a contract size of 100 000 units. For MICRO accounts all forex instruments have a contract size of 1 000 units.
For instance, if the base currency for your trading account is GBP, your leverage is 1:500 and you are trading 1 lot GBPJPY, the margin will be calculated like this:
(1 * 100,000 / 500) = GBP 200
GBP is the primary currency of the symbol GBPJPY, and because your account is in GBP, no further conversion is needed. However, if your account is in a different currency, the system will automatically convert GBP 200 to the currency of your account at the actual rate.
Kind regards,
Andrey - Official Representative of XM (Trading Point of Financial Instruments Ltd.)