when I open a new account in Meta trader I get asked what kind of leverage I want 1:1 1:50, 1:100, 1:200 or 1:400. But all the talk/information about leverage in Babypips is all backwards its 1:1 o thats the same sorry but 50:1, 100:1, 200:1, 400:1. leverage?
so my question is, are they the same leverage?
or have I just missed some relay vital information?
I have to get an answer to this before I can go any further.