Descriptions of each element on the forex account page (「app > Accounts > Assets > Account Details > Forex」) are as follows:
1.1 Net assets can be denominated in different currencies. Currently, they are denominated in USD 、HKD、CNH, and JPY.
1.2 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.
1.3 All currency will be USD Denomination.
2.1 P/L: means the profit and loss of your open positions in forex contracts based on the changes in market price, excluding swaps.
2.2 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.
2.3 Unrealized P/L: means the sum of P/L and swaps.
2.4 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:
3.1 Open: means the price at which the position is opened.
3.2 P/L: means the profit and loss of the position based on the changes in market price, excluding swaps.
3.3 Pips: means a small unit of movement in the price of a currency pair. Forex currency pairs in moomoo platform are priced out to five 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.
3.4 Base currency: 1 lot equals 100,000 units of the base currency.
3.5 Take-Profit Price: means the take-profit trigger price set when placing the order.
3.6 Stop-Loss Price: means the stop-loss trigger price set when placing the order.
3.7 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.