How to calculate GOLD margin used?
Posted by on 11 November 2011 02:47 AM
Due to Gold is belong to commodity group, thus the margin required to hold a position will be different from currency pair.
Gold margin used calculation :
Lot size X current price x 1.3 = Gold Margin Used
Current price for GOLD is 1765.20.
In order to hold a position with lot size of 1.0, trader may need to have free margin which are exceed $2,294.76:
~ Lot size X current price x 1.3 = Gold Margin Used
~ 1.0 X 1765.20 x 1.3 = $2,294.76 (margin used/require)