Hello. I'm a Newby. I'm trying to get my head around a few 'techie' margin terms. So sorry if I sound pretty uninformed!
Initial margin - I think that's like saying for every £1 I borrow via the broker, I put up 50p. Is that right?
Also maintenance margin. Is that like a deposit for renting a property? So if I leave the property in a bad way, the broker still has the deposit i.e. if there's a serious drop in the value of my margin account, they've still got protection?
Sorry if these questions sound EXTREMELY basic.! Just starting out.
Thanks
John N, London
Initial margin - I think that's like saying for every £1 I borrow via the broker, I put up 50p. Is that right?
Also maintenance margin. Is that like a deposit for renting a property? So if I leave the property in a bad way, the broker still has the deposit i.e. if there's a serious drop in the value of my margin account, they've still got protection?
Sorry if these questions sound EXTREMELY basic.! Just starting out.
Thanks
John N, London
Confused about Initial & Maintenance margins
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