How is Lot Size Calculated in Gold Trading for Micro Gold Trading Account?
Calculate XAUUSD Trading Lot Size for Micro Lots
1 Micro gold lot - Lot size for Micro lots is therefore equal to one hundredth of the standard xauusd trading lot.
The Micro lot is calculated as a equivalent to one hundredth of standard gold lot. The micro lot volume in trading is therefore specified as 0.01 on the gold trading platform.
To Specify a Micro 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 MetaTrader 4 Platform: open MT4, open a "xauusd chart", right-click on "xauusd chart", choose 'New Order' & then select order either sell or buy as shown below. (Keyboard ShortCut Keys - Press F9 Key). Select The Quote you want to trade & then below the gold Symbol, Select the trade "Volume" as 0.01 to specify Micro Lot Size.
How to Calculate a Gold Micro Lot Size in MetaTrader 4 Micro Gold Trading Account
Micro Gold Trading Account Definition - the definition of a gold trading micro account is an account type where gold traders open trades using micro lots. 1 Micro lot is the equivalent to one hundredth of the standard xauusd trading lot.
The Micro 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 micro lots therefore capital needed to open this micro xauusd trading account is not a lot as that required for opening a standard xauusd trading account.
