The Accounts Window
The accounts window of the FXCM Trading Station displays all pertinent account information and includes a real-time margin watching feature.
Included in the accounts window from left to right is:
Account
Each account has a unique ID. If you have multiple accounts, for example you manage funds on behalf of several individuals, you will have multiple account IDs. The information for each account is maintained on a separate row.
Balance
This is the value of funds in the account without taking into consideration profits and losses on open positions.
Equity
This is the "floating" value of funds in the account, including profits and losses on open positions. If you were to close all open positions, the account’s Equity would become the account’s Balance, as this "floating" value would then be "locked in."
Day P/L
Day P/L includes the profit and loss for the day’s trading session from 17:00 New York Time. This will display only the trading activity, no deposits and withdrawals. This is a great risk management tool to allow you to keep track of your trading session profits without having to run reports.
UsdMr (Used Margin)
This is the amount of account equity currently committed to maintain open positions. Used Margin can be thought of as the trader’s deposit on the open position.
The account must maintain AT LEAST this amount for open trades to remain open.
UsblMr (Usable Margin)
This is the amount of account equity that is not currently being committed to maintain open positions. Usable Margin should be thought of as 2 things: 1. The amount available to open NEW positions and 2. The amount that EXISTING positions can move against you before you receive a margin call and all positions are immediately closed at the next available price.
Usable Margin + Used Margin = Equity.
Usble Mr%
The column titled % Usable Margin in the Accounts window shows the usable margin as a percentage of available equity. This enables you to track your margin in real time
MC (Margin Call)
In the margin call box, there will be a Y (yes) or N (no). If Y appears, the usable margin reached zero and open positions in the account were closed because there were insufficient funds. Please note: if this occurs, dealers have discretion over which open positions in the account will be closed.
Multiple Accounts Window
Traders with multiple accounts can choose to have all accounts displayed in the accounts window of the platform:
Traders wishing to place the same trade on multiple accounts can hold the “ctrl” key and left click on the accounts they wish to trade which will allow traders to place the same trade on multiple accounts.
