Descriptions of each element on the forex account page ([Accounts] tab > [Forex Account]) are as follows:
(1) Net assets can be denominated in different currencies. Currently, they are denominated in USD 、HKD、CNH, and JPY.
(2) Max Buying Power, P/L, Swap, Unrealized P/L, and Maintenance Margin are all total values in their denomination currency as converted at the exchange rate.
(e.g. If you choose to denominate them in HKD, then Max Buying Power equals Max Buying Power in HKD + Max Buying Power in HKD as converted from USD)
(1) P/L: means the profit and loss of your open positions in forex contracts based on the changes in market price, excluding swaps.
(2) Swap: means the difference between the interest rates of the currencies in a currency pair held overnight. A swap will be earned if the interest rate of the currency you buy is higher than that of the currency you sell; it will be paid if the interest rate of the currency you buy is lower than that of the currency you sell. In some cases, a swap needs to be paid regardless of whether you hold a long or short position. Swaps can be realized only after positions have been closed.
(3) Unrealized P/L: means the sum of P/L and swaps.
(4) Max Buying Power: means the maximum available funds in your account that you can use when opening a position in forex contracts.
Each (long/short) position you open in forex contracts will be displayed as an independent position. Information about such position is as follows:
(1) Open: means the price at which the position is opened.
(2) P/L: means the profit and loss of the position based on the changes in market price, excluding swaps.
(3) Pips: means the smallest whole unit price move of currency pairs. Most currency pairs are priced out to four decimal places and a pip is usually in the fourth decimal place (in the case of a JPY-related currency pair, the second decimal place). It is used to calculate the profit or loss of forex trades.
(4) Base currency: 1 lot equals 100,000 units of the base currency.
(5) Take-Profit Price: means the take-profit trigger price set when placing the order.
(6) Stop-Loss Price: means the stop-loss trigger price set when placing the order.
(7) Swap: means the difference between the interest rates of the currencies in a currency pair held overnight. A positive swap means that the amount will be earned; a negative swap means that the amount will be paid.