Our word of the day is "MARGIN" Margin is a deposit that is used as collateral

我們今天的單詞是"MARGIN"保證金是指作為抵押品的存款。

when entering a financial transaction. The trader makes this deposit in 'good faith'

在進行金融交易時。交易者以'誠意&39進行這筆存款。

to purchase or sell a contract of a currency or commodity. It is the same thing as leverage

購買或出售貨幣或商品的合約。這和槓桿作用是一樣的

but the only difference is that margin is characterized in percentage and leverage is

但唯一不同的是，利潤率是以百分比為特徵的，而槓桿率為

shown as a ratio. Basically you are borrowing money to purchase

顯示為比率。基本上你是借錢購買

securities, similarly to a down payment on a car, but you are not taking physical delivery

有價證券，類似於汽車的首付，但您並沒有接受實物交割。

so the asset is held as collateral. Your down payment or equity is a percentage of the value

所以資產是作為抵押品的。您的首付款或股本是價值的百分比

of the security held in a margin account. When an investor uses a margin account, he

的證券。當投資者使用保證金賬戶時，他

or she is essentially borrowing to increase the possible return on investment. Most often,

或她本質上是在借貸以增加可能的投資回報。最常見的是：

investors use margin accounts when they want to invest in equities by using the leverage

投資者使用保證金賬戶，當他們想通過槓桿投資股票時，他們使用的是

of borrowed money to control a larger position than the amount they'd otherwise be able to

的借貸資金，以控制比他們''d否則能夠更多的位置。

control with their own invested capital. These margin accounts are operated by the investor's

用自己的投資資本進行控制。這些保證金賬戶由投資者'的操作。

broker and are settled daily in cash. But margin accounts are not limited to equities

經紀人，並且每天以現金結算。但保證金賬戶不限於股票

- they are also used by currency traders in the forex market.

- 它們也被外匯市場上的貨幣交易商使用。

In other words, margin is a courtesy deposit needed to access a leveraging facility in

換句話說，保證金是一種禮節性的存款，是為了獲得槓桿融資所需要的。

forex. Your deposit is also known as an initial margin or initial deposit. Say, you have $100

外匯。您的存款也被稱為初始保證金或初始存款。假設您有100美元

in your account and your leverage is 100:1. This means that you can trade up to $100,000

在您的賬戶中，您的槓桿是100:1。這意味著您可以交易到100,000美元

worth of currencies. Your account balance will be 'earmarked' and

價值的貨幣。您的賬戶餘額將被'專款專用&39;。

locked for every transaction that you make leading up to the $100,000 mark. So if you

鎖定的每一筆交易，你做的領先到100,000美元大關。所以如果你

hold a $10,000 open position, $100 of your account balance is tied up as a security to

持有10000元的未平倉合約，你的賬戶餘額中的100元被綁定為擔保，以便

your broker. Buying with borrowed money can be extremely

你的經紀人。用借來的錢買東西可能是非常

risky because both gains and losses are amplified. That is, while the potential for greater profit

風險很大，因為收益和損失都被放大了。也就是說，雖然可能獲得更大的利潤

exists, this comes at a hefty price - the potential for greater losses. Margin also

存在，但這要付出高昂的代價--可能出現更大的損失。保證金也

subjects the investor to a number of unique risks such as interest payments for use of

使投資者面臨一些獨特的風險，如使用本金的利息支付。

the borrowed money.

借來的錢。