Balance in forex refers to the amount of money you have in your trading account. It is very important to remember that your balance does not include any profits or losses you might have from any open positions. If you have open positions, your balance might change depending on the losses or gains you have made once the trade is closed. The balance amount is desplayed in the Terminal window under the Trade tab on your MT4 Client Terminal. If you are using the MT5 trading platform, then the Balance is located in the Toolbox under the Trade tab.
More on Beginner's Education
What is Forex?
What is a Pip?
A point in price – or pip for short – is a measure of the change in the exchange rate of a currency pair. It is the smallest unit of measurement we use when trading currencies. Most currency pairs are measured to five decimal places. For pairs such as EURUSD, GBPUSD a...
What is a Bid Price/What is an Ask Price?
The Bid price is the price a forex trader is willing to sell a currency pair for. Ask price is the price at which a trader will buy a currency pair. Both of these prices are given in real-time and are constantly updating. So for example, the British pound against the...
