Things I now check before sizing gold or silver:
- Margin per lot on the specific account. Not the website, the platform's symbol specification or a test order with the margin calculator.
- Whether the broker uses tiered margin: the first few lots at one rate, more lots at a higher rate.
- Margin changes before events, usually announced by email a day or two before. Easy to miss.
- Weekend margin, which some brokers raise from Friday afternoon.
This isn't about risk per trade, which is set by the stop. It's about not being forced out of the position before the stop is reached.
Has anyone been stopped out on gold by margin rather than by their own stop? I'd be interested to know how common that is.