so i have $500 deposited in my live account with oanda and i set to 1:50 leverage. I opened a short position on AUD/USD at 0.7657. I used 2500 lots (.25 cents/pip). I set my stop at 0.7697, 40 pips above which means that if i lose this trade, i will lose 10 bucks, which is 2% of my equity.
But i want to know why the account shows that i used 38.18 of the margin leaving 466.78. I just don't understand that. I thought that this trade will only use 0.50 cents of my equity to open (2 pip spread on aud/usd). Can someone clarify this for me?!?!?!!?!
But i want to know why the account shows that i used 38.18 of the margin leaving 466.78. I just don't understand that. I thought that this trade will only use 0.50 cents of my equity to open (2 pip spread on aud/usd). Can someone clarify this for me?!?!?!!?!
