please, can someone tell me if I am calculating these CFD margin numbers wrong?
cost x %margincover x # of CFDs = margin
example short nasd100
at $1820 x 1/2%cover x 300 CFDs= $2730 in margin needed
but here is what throws me off. If the market moves against me by $60, that's
60 x 300 = $18,000
DO I TAKE THIS 18,000 X 1/2% TO FIGURE more margin needed????