How is Lot Size Calculated in Gold Trading for Standard Gold Trading Account?
Calculate XAUUSD Trading Lot Size for Standard Lots
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The Standard lot is calculated as the equivalent to one standard gold trading contract. The Standard lot volume in trading is therefore specified as 1 on the gold trading platform.
To Specify a Standard 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 1 to specify Standard Lot Size.
How to Calculate a Gold Trading Standard Lot Size on MT4 Standard Gold Trading Account
Standard Gold Trading Account Definition - the definition of a gold trading Standard account is an account type where gold traders open trades using Standard lots.
The Standard gold trading account allows Standard lots therefore the capital needed to open this Standard xauusd trading account is a lot more than that required for opening a Mini xauusd trading account.
