Double-Check Leverage And Contract Sizes For Gold And Indices! π₯π
While a proprietary trading firm might offer 1:100 leverage on major forex pairs, they often slash the leverage to 1:30 or even 1:10 for highly volatile instruments like Gold (XAU/USD) or Indices. Furthermore, the actual value of a 1.00 standard lot can vary wildly depending on the firm's specific broker feed. Always execute a 0.01 micro-lot test trade on a new account to calculate the true pip value before risking your standard lot size! ππ‘β