Margin balances + liquidation - Need help

[Keady]

Hi,

I am currently teaching myself about the Forex market with the hope to begin trading in it within the next 6 months. I have little to no knowledge, as I have just begun reading about it.

At the moment, I am reading 'Currency Trading for Dummies' written by Mark Galant & Brian Dolan.

I am struggling to understand the concept of Margin balances and liquidation, could someone please explain the following questions:

• What is the margin requirements from the broker?
• What is an online forex broker?
• What is unrealized and realized profit + loss?

Any help/suggestions would be greatly appreciated, thanks!

 

[Steven2805]

Hi,

I am currently teaching myself about the Forex market with the hope to begin trading in it within the next 6 months. I have little to no knowledge, as I have just begun reading about it.

At the moment, I am reading 'Currency Trading for Dummies' written by Mark Galant & Brian Dolan.

I am struggling to understand the concept of Margin balances and liquidation, could someone please explain the following questions:

• What is the margin requirements from the broker?
• What is an online forex broker?
• What is unrealized and realized profit + loss?

Any help/suggestions would be greatly appreciated, thanks!

What is the margin requirements from the broker?

Your margin is the minimum you must have in your broker account to take a trade. This will be a different amount dependant on the broker and market traded.

What is an online forex broker?

Google "online forex brokers"

What is unrealized and realized profit + loss?

Unrealized is the amount you have in running trades and realized is money have actually made from closed trades.

 

[Keady]

Thanks! Just trying to get my head around everything