I'm trying to understand the concept of balance on open trade. Could someone explain what it means in the context of trading and how it affects my trading account?
7 answers
mia_clark_teacher
Tue Nov 19 2024
Balance represents the total cash that is available for trading on your account.
Rosalia
Tue Nov 19 2024
This includes all profits and losses from closed positions.
Tommaso
Mon Nov 18 2024
Deposits and withdrawals made to your trading account are also factored into the balance.
SakuraTide
Mon Nov 18 2024
Equity is a term that refers to the floating profit and loss on your account.