You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
We can save our account from margin call if we can minimize the risk. We also must have good skills to make our funds be more maximal in forex trading. So before we trade in forex, we must learn first and understand the basics of trading, including manage funds and analyze market.
The use of money management and risk management is vital.. Also the proper use of leverage is also need to prevent crash of account and saves you from maximum loss leading to margin call.
Use stop losses and MM
Trader must learn how to manage funds since we use demo account. We can make demo account to hone trading skills, both analyzing skills, management skills and also controlling skill although real account is better. We can try to use $10 in if we want to try improve trading skills and get more maximal result here.
I see, over trading with over lots size is our main problem. Therefore, now I am very sincere about my trading lots size.
That us called money management, If you underestimate the risk, there you go.
Handling Margin Calls Margin Calls When a client’s equity balance falls below the maintenance margin, a margin call amount equivalent to the difference between the maintenance margin and the equity balance must be made. The client has two business days to top up if the amount is <20% and one business day if the amount is <5%.
Margin calls are calculated based on the previous trading day’s closing prices. For example, Client M has the habit of looking at the Phillip CFD Account Management Page every morning before commencing to trade. He notices that there is a margin call amount on Tuesday (Day 1 Margin Call), which was based on Monday’s closing prices.
Client M can choose to pay the margin call amount as notified by his Trading Representative on Tuesday by one of the following options:
He can also choose to pay on Wednesday (Day 2 Margin Call) by 3pm, but the amount might have increased or decreased, so he needs to verify the accurate on Day 2. Payment options on Day 2 are limited to one of the following:
Failing which, he will face force-liquidation, which involves Phillip CFD liquidating sufficient CFD contracts to fulfill the margin call.
Margin Call Example on Singapore Stocks CFD
Initial Deposit = S$5,000 cash
[First Day]
BUY 2 lots of Share A @ $7.000, and Share A closed @ $7.050
[Second Day]
SELL 3 lots of Share B @ $3.300, and Share B closed @ $3.300
Margin Deficit (Amount to top up for Margin Call) = Maintenance Margin – Equity Balance = 4,580 – 3,916.89 = 662.97
EQUITY BALANCE < 20% MARKET VALUE This is a margin call situation. Including the call day, client has 2 business days to top up the Margin Deficit.
[Third Day]
When prices change drastically, client may face a Force-selling Call.
EQUITY BALANCE < 5% MARKET VALUE This is a Force-selling Call, and client has 1 business day, which is the call day itself to top up the Margin Deficit.
Handling Margin Calls | CFDs | CFD Trading Singapore | Phillip CFD
Do you have an idea on how to save our account when it is less than 75% or 50% if we forgot to set S/L? Is it possible to recover our account? Do you have any other way of saving it?
Use low leverage or even 1:1 .
Use low leverage or even 1:1 .
If we use leverage 1:1, we will need more capital for trading in forex. I think, retail trader will not use that leverage. We prefer use higher leverage. And i use 1:500 to trade in forex. And it's enough although we use small amount
If we use leverage 1:1, we will need more capital for trading in forex. I think, retail trader will not use that leverage. We prefer use higher leverage. And i use 1:500 to trade in forex. And it's enough although we use small amount
Professional traders and institutions use 1:8 maximum
1:500 is gambling and (in almost all cases) a trading suicide
Reduce the leverage you trade with; trade with cents if your capital is less than 500 and have a good trading system.