What's Lot Size in Gold Trading for Micro Gold Account?

Definition of What's the Lot Size for XAUUSD Trading Micro Lots

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

Micro lot is equal to one hundredth of standard gold lot. The micro lot volume in trading is therefore specified as 0.01 on the trading platform.

To Specify a Micro Lot for trading on MT4 Platform, use MetaTrader 4 open gold orders tutorial described below:

To set these orders on the MetaTrader 4 Platform: open MT4, open a "chart", right click on "chart", select "New Order" and then select order either sell or buy as shown below. (Key board Short-Cut Keys - Press F9 Key). Choose The Symbol you want to trade & then below the gold Symbol, Select the trade "Volume" as 0.01 to specify Micro Lot.

How to Open a Gold Micro Lot on MT4 Micro Trading Account

Micro Account Definition - the definition of a gold trading micro account is an account type where traders open trades using micro lots. 1 Micro lot is the equal to one hundredth of the standard trading lot.

The Micro gold account allows many retail traders to access the xauusd market because with this account traders can trade smaller gold lots referred to as micro lots therefore the capital needed to open this micro account is not a lot as that required for opening a standard xauusd account.