Metatrader 4 orders
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Hi,
I am beginner in forex trading and I am using platform metatrader 4 for the first time. I need help with orders in demo account. I want invest 1.000 EUR with leverage 1:100. When I calculated balance will be 100.000 EUR, and Margin will be 1000 EUR. MetaTrader 4 doesn't calculate like this because it show me only my money and I can't know how big is my leveraged balance which is important for me if i want invest lent-money.
I want invest 1% of equity of my lent-money:
100.000 x 1% = 1000 EUR
Volumen for order is confused me, and I read on google that 1.0 is one lot which is 100.000 USD.
If i want buy USD for 1.000 EUR i need put 0.01 in Volumen. Is this correct????
Everytihng about order is confused in regard to theory.
When I buy USD with volume 0.01 MetaTrader 4 show me next:
Balance: 1.000 EUR
Equity: 1.000 (why here there aren't currency???)
Margin: 10 (why 10 when my margin for all balance is 1.000???)
Free Margin: 1.000
What is Margin level????
Also for me is confused relation between buy, sell and close order???
Probably, it is because i traded with stocks first and now move to forex. I can't understand how i can sell currency pair EUR/USD if I have 100.000 EUR balance. I can buy USD but how i can sell it????
Also, it is connected with it, how i can close order, which i buy, without selling???
Thank you very much for help