What is Lot Size in Gold Trading for Mini Gold Trading Account?
Definition of What is the Lot Size for XAUUSD Trading Mini Lots
1 Mini gold lot - Lot size for Mini lots is therefore equal to one tenth of the standard xauusd trading lot
The Mini lot is equivalent to one tenth of the standard gold lot. The Mini lot volume in trading is therefore specified as 0.1 on the gold trading platform.
To Specify a Mini Lot for trading on the MetaTrader 4 gold trading Platform, use the MetaTrader 4 open gold orders tutorial explained below:
To set these Mini lots 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 0.1 to specify Mini Lot.
How to Open a Gold Trading Mini Lot on MT4 Mini Gold Trading Account
Mini Gold Trading Account Definition - the definition of a gold trading Mini account is an account type where gold traders open trades using Mini lots. 1 Mini lot is the equivalent of one tenths units of the base lot of gold.
The Mini 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 Mini lots therefore the capital needed to open this Mini xauusd trading account is not a lot as that required for opening a standard xauusd trading account.
