This is what the School has to say on margin calls:
[I]As soon as your Equity equals or falls below your Used Margin, you will receive a margin call. [/I]
I am not sure why the school says this because brokers set their own rules for when margin calls happen and a far different situation seems to be the case with my situation with Oanda. This is their margin call policy:
[I]The Margin Used (that is, the margin requirement of your open positions) divided by two must always be less than the Net Asset Value of your account.[/I]
So in my case, and I have posted a screenshot of the account summary here,
://i35.tinypic.com/fk1mk0.jpg (please add the http)
the margin used for my position is $5950, and that divided by 2 = $2974, which is what the platform tells me is my margin call point. Since my equity is $5882, I am a long ways from a margin call with Oanda, but already past margin call territory according to the school, so I am confused. My equity is already below my used margin, and still no margin call.
Pippy