So, thanks for that In2blues, and I understand all you're saying, but if, as you say
"Usable margin is the amount of money left in your account that can be used if the trade goes against you" (and I'm not arguing with you here)
how can, as babypips claims, the equity in your account ever drop *below* the Usable Margin?
As I see it (as please please correct me if i'm wrong), if Equity = Used Margin + Usable Margin, that would mean that that you'd have to have a negative Used Margin for a margin call to be realised.
And even if this were theoretically possible this would never happen because a while back you would have already received your margin call because your equity would have dropped to the Used Margin.
Or am I being silly?
The next page explains for us that
( Equity =< Used Margin ) = MARGIN CALL
and this makes sense to me, not the previous statement.
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