BALANCE in forex refers to the amount of money you have in your trading account. It's important to remember that your BALANCE doesn't include any profits of losses you might have from any positions. If you have open positions, your BALANCE might change depending on the losses or gains you've made once the trade is closed.
The BALANCE amount is displayed in the Terminal Window under the Trade Tab on your MT4 Client Terminal.
If you are using the MT5 trading platform, then the BALANCE is located in the Toolbox under the Trade Tab.
Now, you maybe wondering what is the difference between your BALANCE and your EQUITY? Look out for my next blog which will be explaining about EQUITY! Thank you for being here. Stay safe :D
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