What is Difference Between Gold Standard Contract & Micro Contract?
What is Difference Between XAUUSD Standard Contract & Micro Contract in XAUUSD Trading?
The difference between Gold Standard Contract & Micro Contract is the trading volume of the trading transaction that is opened using the Standard Contract & that which is opened using Micro Contract.
Standard Contract - the trading volume is equal to 1 xauusd trading lot
Micro Contract - the trading volume is equal to one hundredth of standard xauusd trading lot
Standard Contracts - for the Standard Gold Contracts the trading volume is equivalent to 1 lot also is referred to as 1 Standard lot or 1 Lot. For Standard Contract the pip value is equal to $10 dollars.
Micro Contracts - for the Micro Gold Contracts the trading volume is equal to one hundredth of standard lot is referred to as one Micro lot or one gold trading Micro lot. For Micro Contract pip value is equivalent to $0.1 or 10 Cents.
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