What is Lot Size in Gold Trading for Micro Gold Trading Account?

Definition of What is the Lot Size for XAUUSD Trading Micro Lots

1 Micro lot is the equal to one hundredth of the standard gold lot - Lot size for Micro lots is therefore equal to one hundredth of the standard xauusd trading lot

The Micro lot is equivalent to one hundredth of the 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 for trading 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 0.01 to specify Micro Lot.

How to Open a Gold Trading Micro Lot on MT4 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 equal 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 known as micro lots therefore the capital needed to open this micro xauusd trading account is not a lot as that required for opening a standard xauusd trading account.