Margin

Margin is a kind of performance guarantee. It is a mortgage fund that must be invested when opening a position. London gold is US$1,000/lot and London silver is US$650/lot; the margin allows investors to You can hold positions higher than the account value.

Margin level

Net value/occupied margin = margin level. When the margin level is too low, the system will force liquidate the position.

Local London Gold

The trading system of the local London Gold market is all modeled on the London Gold spot gold market. The market adopts the form of knock-on trading, and traders continuously quote prices based on their buying and selling orders. , transacting directly with customers. Local London gold is quoted in US dollars per ounce, and the minimum unit of a contract is 100 ounces.

Position modification

The modification of the current position is attached to the stop loss and profit. To modify a position, you can use "Modify or Delete Order" or double-click the left mouse button on "Stop Loss" and "Profit" of an open position in the "Terminal" window and click "Modify" after setting new stop loss and profit values.

Trading volume

Specify the transaction volume (shares).

Hold positions overnight

All overnight positions must be paid at the interest rate specified by Hengxin Precious Metals and will be reflected in the customer's trading account on the next trading day.

Spread

The spread refers to the difference between buying and selling. This price difference is the company's profit. The spread may change due to drastic changes in the market.

Order Type

The client terminal can prepare and issue trading instructions for executing transactions, and can monitor and manage open positions. For these purposes, several order types are available. An order is an instruction from a brokerage firm to execute a transaction. The client terminal includes the following types of orders: market orders, pending orders, stop losses and take profits.

Long, buy, go long

The number of contracts bought or sold without hedging processing, a purchased contract is a long position.

Leverage

The leverage ratio of London gold and London silver in the platform is about 100 times. Please refer to the following example of calculating the leverage ratio:

1. London gold is 1,000 US dollars per ounce, and the value of 1 lot (100 ounces) of the contract is approximately 100,000 US dollars. You only need 1,000 US dollars in margin to trade 1 lot of London gold, and the leverage is amplified to 100 times. (1000: 100000)

< p>2. London silver is 15 US dollars per ounce, and the value of 1 lot (5000 ounces) of the contract is about 75,000 US dollars. You only need 650 US dollars in margin to trade 1 lot of London silver, and the leverage is about 115 times. (650: 75000) .

Selling pressure

Selling means selling; pressure means lowering the price. Indicates that many people sold the contract causing the price to drop sharply.

Precious metal

Precious metal is a term used to describe any product produced from precious metals, the value of which is determined almost entirely by its precious metal content. Precious metals are bought and sold like commodities, and there is a market for trading based on quantity. Both immediate settlement and futures trading (also known as "futures") are available.

Precious metal pricing

Generally based on the current market value (or "spot" value) plus a premium that varies depending on the type of precious metal.

Contract unit

The trading volume of London gold is based on 100 ounces, which is 1 lot. The weight of gold or gold objects is generally expressed in troy ounces. 1 troy ounce = 1.097 ordinary ounces. In addition, 1 troy ounce is also equivalent to 31.1042 grams.

Gold margin trading

Gold margin trading means that in the gold trading business, investors do not need to transfer the full amount of gold traded, but only need to pay according to the total gold transaction amount. A certain proportion of the price serves as a performance guarantee upon physical delivery of gold. In current world gold trading, there are both gold futures margin trading and gold spot margin trading.

Gold Purity

The purity of goldware/gold is generally described in three ways. The three terms that can be used to describe the purity of the metal are centimeters, fineness, and caliber. Calorie is one of the more commonly used terms. It measures the number of gold parts per 24 parts of an entire object, fineness attempts to measure the number of gold parts per 1,000 parts, and centimetres try to measure the gold parts per 100 parts. number.

Opening a position

Opening a position or entering the financial market is the execution of a buying and selling transaction. It can be opened automatically using market order operations or pending orders.

Transaction details

All transaction details can be checked in real time through the electronic trading platform.

Scripts

A script is a program written in MetaQuotes Language 4 (MQL 4) language, designed to perform a single function. Unlike Expert Advisors, scripts are only executed once on demand and not for every quote.

Equity

The actual balance after calculating the profit and loss of the open position will change with the profit and loss of the position.

Empty margin

Net value - Occupied margin = Idle margin can be used to establish new positions

Interest

Customers hold positions until the next day Interest will accrue for orders that have not been closed by the settlement time. Overnight buy and sell orders must pay overnight interest to the company. And these interests are one of the sources of company profits.

Close a position

Closing a previously purchased (sold) transaction by selling (buying) the same transaction.

Forced liquidation

If the trading account holder does not have enough margin, the system will forcefully liquidate part or all of the account holder's positions.

Global variables

Global variables have two meanings in MT4 programming. One is the conventional global variable meaning in the programming field, that is, variables defined independently of all functions. The cycle covers the entire program; there is another unique feature in MT4: within the same MT4 client, all indicators, scripts and EAs can share the same global variables.

Market quotation

The market quotation window of the trading platform displays financial products. The instructions in this window can operate trading positions and charts.

Trading at current market price

Trading at the current market price must be completed within the transactable range. If the market changes drastically and the price exceeds this range, the transaction will not be completed.

Data window

The trading platform displays quotation data, technical analysis indicators and trading system values. This is an information window and provides no other operations.

Position

is a market agreement, that is, the number of contracts to buy or sell without hedging.

Charts

Charts are a tool for visualizing price levels. Here chart settings and historical data parameters are grouped. Changes in parameters will not cause changes in the total traffic volume within the terminal.

Limit price order transaction

Pending order transaction means that after the customer specifies the transaction type, amount and transaction target price, once the quotation reaches or is favorable to the price specified by the customer, the established The pending order executes the customer's instruction, and the transaction is automatically completed and the position is opened. The transaction price is the real-time quotation. Pending orders are divided into the following 4 categories:

Buy stop: Stop-loss purchase refers to a buy operation order at a price higher than the current price relative to the current price.

Buy limit: Buy limit refers to a purchase order placed at a price lower than the current price relative to the current price.

sell stop: Stop-loss selling refers to a selling operation order with a price lower than the current price relative to the current price.

sell limit: Selling at a limited price refers to a selling operation order with a price higher than the current price relative to the current price.

Occupied margin

Refers to the total of all frozen margins used to open positions.

Stop-loss price

Stop-loss price is a protection mechanism, which means that when the loss of a certain investment reaches the set stop-loss price, the system will automatically execute the order and liquidate the position in time. Avoid larger losses. The purpose is to limit the loss to a smaller range even if the investment goes wrong.

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