What's Lot Size in Gold Trading for Micro Gold Trading 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 gold 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 gold trading platform.
To Specify a Micro Lot for trading on MT4 gold Platform, use MetaTrader 4 open gold orders tutorial described below:
To set these gold orders on the MetaTrader 4 Platform: open MT4, open a "xauusd chart", right click on "xauusd 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 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 referred to as micro lots therefore the capital needed to open this micro xauusd account is not a lot as that required for opening a standard xauusd trading account.
