Margin refers to the amount of funds required to open and maintain a trading position. It acts as a form of collateral, ensuring that you can cover potential losses on a trade. The margin required is calculated based on the financial instrument you're trading, and the leverage applied to your account.
To make it easier to calculate the margin needed for a specific trade, you can use the following margin calculator:
https://www.myfxbook.com/forex-calculators/margin-calculator
This tool will help you understand the margin requirements for any position you intend to open based on the parameters you input.
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