How is Lot Size Calculated in Gold Trading for Cent Gold Trading Account?
Calculate XAUUSD Trading Lot Size for Cent Lots
1 Cent gold lot - Lot size for Cent lots is equal to one thousandth of base xauusd trading lot.
The Cent lot is calculated as the equivalent to one tenth of the Micro gold lot. The Cent lot volume in trading is therefore specified as 0.01 on the gold trading platform.
To Specify a Cent Lot trade size when opening a trade on the MetaTrader 4 gold trading Platform, use the MetaTrader 4 open gold orders tutorial explained below:
To set these gold orders on the MetaTrader 4 Platform: open MT4, open a "xauusd chart", right click on the "xauusd chart", select "New Order", then select the order either sell or buy as shown below. (Keyboard Short Cut Keys - Press F9 Key). Select The Trading Symbol you want to trade and then below the gold Symbol, Select the trade "Volume" as 0.001 to specify Cent Lot Size.
How to Calculate a Gold Trading Cent Lot Size on MT4 Cent Gold Trading Account
Cent Gold Trading Account Definition - the definition of a gold trading Cent account is an account type where gold traders open trades using Cent lots. 1 Cent lot is the equivalent of 100 units of the base lot of gold.
The Cent gold trading account allows many retail xauusd traders to access the xauusd market because with this gold trading account xauusd traders can trade smaller gold lots known as Cent lots therefore the capital needed to open this Cent xauusd trading account is not a lot as that required for opening a standard xauusd trading account.
