What is Lot Size in Gold Trading for Cent Gold Trading Account?
Definition of What is the Lot Size for XAUUSD Trading Cent Lots
1 Cent gold lot - Lot size for Cent lots is equal to one thousandth of base xauusd trading lot
Cent lot is equal 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 for trading on MT4 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 0.001 to specify Cent Lot.
How to Open a Gold Trading Cent Lot in MetaTrader 4 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 capital needed to open this Cent xauusd trading account is not a lot as that required for opening a standard xauusd trading account.
