Statement reading

[Guest Maritino]

Good day folks,

Am a student and was asked to create a demo account and place orders on 5 different securities and after 30 days to print and interpret the statement. NOW assist me with the following column heading what they mean professionally.

Opening level

Current level

Notional value

Deposit required

Running profit/loss

%price change.

Regards.

Your help will highly appreciated.

[TheGuru12]

Hi Martino. 

I can certainly help with some. 

Opening level - The price at which your trade was opened at.

Current level - The price at the current time as given by the market. 

The price change of the instrument, usually on a daily basis but you can get it over longer terms. i.e the stock has risen 4% today from it's close price yesterday. 

Running profit/loss - The difference you have from opening to now. If it's gone up and you are long profit, If it's gone down and you are short profit. 

Deposit required - Regulations dictate the margin required now in the European Union. Please see here. 

https://www.home.saxo/campaigns/new-esma-regulation

Hope this helps. 

[Guest Maritino]

Sure it does, The Guru12, thanks so much.