Tradefair & Financials
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I'm playing with a demo account on tradefair and so far, i can understand the basics.
My interest is in margin.
I'm worried about all that leverage stuff, so here is a simple question that I cannot find an answer to:
I buy 1 pt UK 100 Rolling Daily @ say 5285.
I put a stop loss @ 5275.
This tells me that my margin requred is 30.
What does this mean?
- that I have to have at least 30 in my account?
- if not, what?
What happens in a worst case scenario?
i.e, index falls to 5000 and my stop loss magically does not trigger?
ty.
My interest is in margin.
I'm worried about all that leverage stuff, so here is a simple question that I cannot find an answer to:
I buy 1 pt UK 100 Rolling Daily @ say 5285.
I put a stop loss @ 5275.
This tells me that my margin requred is 30.
What does this mean?
- that I have to have at least 30 in my account?
- if not, what?
What happens in a worst case scenario?
i.e, index falls to 5000 and my stop loss magically does not trigger?
ty.
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Yes, you have to have £30 to cover it.
If it gaps through your stop, you would normally be filled at the next available price. A gap of 285 points would probably need a bank going bust or an earthquake or Ed Miliband winning the election or something, so not likely.
If it gaps through your stop, you would normally be filled at the next available price. A gap of 285 points would probably need a bank going bust or an earthquake or Ed Miliband winning the election or something, so not likely.
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