Hello,
I have a newbie question that I hope someone can answer.
I am using a demo account and thinking of going live soon but want to be clear what is meant when a Broker states that there will be a Margin call at 50%.
I understand that to mean the oldest losing positions will be closed out or more funds must be deposited into the account when the equity reaches 50% of the initial dseposit.
1) Is that right?
2) Is 50% about the usual amount for a Broker to give a Margin call?
I have a newbie question that I hope someone can answer.
I am using a demo account and thinking of going live soon but want to be clear what is meant when a Broker states that there will be a Margin call at 50%.
I understand that to mean the oldest losing positions will be closed out or more funds must be deposited into the account when the equity reaches 50% of the initial dseposit.
1) Is that right?
2) Is 50% about the usual amount for a Broker to give a Margin call?