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Intermediate

Margin Calls and Forced Liquidation

From initial margin to stop-out levels.

4 Lessons8m total

Brokers set initial margin to open positions and maintenance margin to keep them. If equity falls below maintenance, you may receive a margin call or face automatic liquidation.

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Course Overview

From initial margin to stop-out levels.

What You'll Learn

Core concepts explained with market context
Practical examples tied to real instruments
Risk-aware framing — educational only
Next-step links across the VegaDeck curriculum

Brokers set initial margin to open positions and maintenance margin to keep them. If equity falls below maintenance, you may receive a margin call or face automatic liquidation.

Hedged positions may receive margin offsets depending on product rules. Volatility shocks can gap through stop levels before you can add collateral.

Keep a cash buffer and understand whether your account is netted or segregated under local regulations.

Educational only · not investment advice · Risk disclosures

Curriculum

7 Lessons · 56m
1A Desk-Style Position Sizing FrameworkRisk per trade, account heat, and why leverage is not a strategy.8m
2Correlation in Multi-Asset BooksWhy diversification fails exactly when you need it.8m
3Margin Calls and Forced LiquidationFrom initial margin to stop-out levels.8mContinue Learning
4News Trading PitfallsLatency, revisions, and headline vs detail.8m
5Stop Orders: Market, Limit, and Gap RiskHow stops behave when liquidity thins.8m
6Trading Journals That Desks Actually UseProcess notes, not screenshot trophies — how to review without fooling yourself.8m
7Weekend and Event Gap RiskWhen markets reopen away from your stop.8m

Course Resources

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Educational only · not investment advice · Risk disclosures