Hi guys,
To be honest, I’m really having a hard time understanding the contract specifications of a pair when I view it in MT4. Can someone pls help me explain some of the details? I would highly appreciate it.
- What is margin hedge and margin percentage? Is this something I need to compute to find out the allowable margin for a specific currency pair?
- Does the amount stated in the swap long and short means the amount in dollars (or deposit currency) that will be gained or will cost me at the end of the day?
- What does the 3-day swap mean?
Thank you very much guys