Mini Gold Account Meaning in Gold Trading
Mini Gold Account Definition - the meaning of a trading Mini account is an account type where traders open trades using Mini lots. 1 Mini lot is the equivalent of one-tenths units of the base lot of gold (therefore, 1 mini lot of gold = 10 Ounces).
The Mini gold account allows many retail traders to access the market because with this gold account traders can trade smaller lots referred to as Mini lots therefore capital needed to open this Mini account is not a lot as that which is required for signing up a standard account.
Mini lot is equivalent to 1 tenth of standard xauusd lot.
Learn More Courses & Lessons:
- Chart Trade Pattern Explained with Examples
- 1 Hour Time-frame Strategy XAU USD
- Stochastic Momentum Index Gold Indicator
- XAUUSD Take-Profit Order Setting on Mobile Trade App
- How Many XAUUSD Patterns are Used in Gold?
- What's a Gold Stop Loss
- How to Analyze Japanese Candlesticks Patterns
- XAUUSD Psychology Principles of Gold Market
- Where Can You Learn How to Use MetaTrader 4 XAU USD Platform/Software Demo Account?
- How Can I Add More Trade Charts in MetaTrader 4 Trade Platform?
