Free Forex Course for beginners

Free Forex Course for beginners

We will explain in Lesson XXXIX of the free forex education course provided by ForexCookash. Details of your account form after deposit and opening the deal What will you see in your MetaTrader or other program? Often all companies use MetaTrader

Enter the best forex companies deal on our site and you will find the best companies that we support and deal with them for years

After you open an account with the company

Next step you will deposit the amount you want to trade and suppose it was $ 100 or $ 1000 or any amount to trade

Suppose you will trade on the EURUSD and open a long position

Your account balance was $ 1000

If you find 4 boxes in your account are very important after opening the deal

The first line is

Balance means your account balance is in our example $ 1000

The second box after opening the deal

Used margin: the amount deducted from your account for the opening of the transaction and will be returned to you again after the end of the transaction whether you win or lose and suppose $ 100 was deducted for the purchase of 1 lot

Block 3:

Usable margin The maximum margin is the maximum amount that can be lost in the deal and the rest of the head of the owner in our example here is 900 dollars and if it happened and lost all will come Margin Cool before it and tells you that it will close your deal because there is no capital

Last field:

Equity is the current balance: Variable meaning that suppose after opening the deal you lose $ 50 you will find Ras owner here $ 950

Suppose you win $ 50 you will find Ras Malik $ 1050

If you close the deal at the moment you will get this amount

This is the account details after the transaction is opened

Of course, you will not open any deal in vain and vain, but will use technical analysis and this is what we will address in the next lessons, which will tell you how to expect the direction of the market and what will happen Will the price will rise or the price will drop and so on