Your balance is the total amount of money in your trading account, excluding any unrealized profits or losses from open positions. It represents the actual cash you have in your account at any given time.
The balance is the foundation of your trading account. It helps you understand how much you’ve initially deposited or have left in the account after withdrawals and any profit or loss from closed trades.
For example, if you deposit $1,000 into your account, that’s your balance. If you close a trade with a $100 profit, your new balance would be $1,100. However, this doesn’t include unrealized gains or losses from any open positions.
Test your knowledge of balance in forex trading with the following questions:
