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 a equivalent to one tenth of 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 Platform, use MetaTrader 4 open gold orders tutorial described below:
To set these gold orders on the MetaTrader 4 Platform: open MT4, open a "xauusd chart", right click on "xauusd chart", select "New Order" and then select order either sell or buy as shown below. (Key board Short-Cut Keys - Press F9 Key). Choose The Symbol you want to trade & then below the gold Symbol, Select the trade "Volume" as 0.001 to specify Cent Lot Size.
How to Calculate a Gold Cent Lot Size in MT4 Cent Gold Trading Account
Cent Gold Trading Account Meaning - 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 referred to as Cent lots therefore the capital needed to open this Cent xauusd account is not a lot as that required for opening a standard xauusd trading account.
