Important Infomation every trader should know
read even if you know
.equity is this the most important above balance, equity shows what you can withdraw now... balance shows the profits losses you have gained but equity shows balance plus your open profits and losses and gives a true reflection of of what you really have...
for new people if you press buy and then sell you have two open trades sell makes profit as it moves down and buy makes profit as it moves up... this is where most people quit without ever finding out why the account was settled up....
to gain the profit from a trade you must close the trade
If you are hedged to the point you are in the red or about to to be, the reason this has happened is you have only every closed trades in profit which could of been balancing out the trades in loss, a quick fix without up loading more money is to sort your trades by loss and close the lowest loss you have which will take some off the balance but add it to equity giving you room to breath for a second, hedging is only used for when a trade goes against what you predicted so you hedge while this moves against your initial trade so you can recoup some loss, also try not to to be temped to open another trade because if it carries on going against your initial trade then unless you plough money in even then it and loss if done wrong
xtradereturn November 08 2024 123 reads
Print