> For the complete documentation index, see [llms.txt](https://broker-docs.tiger.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://broker-docs.tiger.com/english-2/frequently-asked-questions/difference-between-leverage-on-the-leverage-and-traders-journal-pages.md).

# Difference between Leverage on the "Leverage" and "Trader's journal" pages

{% hint style="info" %}
Please note that the leverage displayed in the **Trader's Journal** for completed trades may differ from the leverage set on the **Leverage** page.\
Despite having the same name, their calculation formulas are different.\
You can read more about working with leverage [here](https://broker-docs.tiger.com/english-2/interface/leverage).
{% endhint %}

## Leverage in the Tiger.com Terminal or on the "Leverage" Page

In the terminal or on the **Leverage** page, the leverage size affects only the amount of **initial margin** required to open a position. **It does not affect the position size**.\
The order volume is **not multiplied** by the selected leverage.

For example, if we set leverage to **10x** and want to open a long position worth **1,000 USDT**, we place a limit order to buy **1,000 USDT**.\
When placing this order, **1,000 / 10 = 100 USDT** will be locked in our account.\
If we had set leverage to **20x**, then **1,000 / 20 = 50 USDT** would be locked.\
Once the order is executed, a position of **1,000 USDT** will be opened, **regardless of the chosen leverage**.

## Leverage in the Trader's Journal

The leverage value displayed in the **Trader’s Journal** represents the **ratio of position size to total balance**.\
It is calculated using the formula *Position Size / Deposit Amount at the Time of Position Opening.* 

For example, with a deposit of **1,000 USDT**, we open a position of **10,000 USDT**. In this case, the ratio of the position volume and the total balance will be **10,000 / 1,000 = 10x**.\
If we open a position of **5,000 USDT**, the leverage in the Trader’s Journal will be **5,000 / 1,000 = 5x**.


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