How is Lot Size Calculated in Gold Trading for Mini Gold Trading Account?
Calculate Gold Trading Lot Size for Mini Lots
1 Mini gold lot - Lot size for Mini lots is therefore equal to one tenth of the standard xauusd trading lot.
Mini lot is calculated as a equal to one tenth of standard gold lot. The Mini lot volume in trading is therefore specified as 0.1 on the gold trading platform.
To Specify a Mini 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 Mini lots 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 0.1 to specify Gold Mini Lot Size.
How to Calculate a Gold Mini Lot Size in MetaTrader 4 Mini Gold Trading Account
Mini Gold Trading Account Meaning - the definition of a gold trading Mini account is an account type where gold traders open trades using Mini lots. 1 Mini lot is equivalent of one tenths units of the base lot of gold.
The Mini 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 Mini lots therefore capital needed to open this Mini xauusd trading account is not a lot as that required for opening a standard xauusd trading account.
