New boy question
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Hi everyone,
I'm a new boy at this Forex and Meta Trader 4. Could someone please explain 2 things for me.
1/ Under the 'Trade Tab' at the bottom we have our 'Order' and on that order is the 'Size'. What exactly does that mean? Is 1 for example, equal to $1, $10, $100 (or 1 unit of whatever currency is on your account) What am I trading here?
2/ On the very bottom line of the trade tab there is some 'BOLD Type' with the headings - Balance, Equity: Margin: Free Margin: Margin Level: What exactly do these mean?
Sorry to be a newbie with this, but I can't find a user manual anywhere, unless someone can give me a link to one.
Thanks for the help in advance.