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 Margin Call?
Margin Call is a notification which alerts you that you need to deposit more money in your trading account, or close losing positions, to free up margin. Margin Call is denoted as a fixed percentage, determined by the broker. You can find the Margin Call percentage in...
What Is Stop Out?
Since we have already covered Free Margin and Margin Call, it is now time to look at Stop Out. In forex trading, Stop Out is the level at which the broker starts closing automatically (“liquidating”) all of his least-profitable open positions in the foreign exchange...
