What's Lot Size in Gold for Mini Account?
Definition of What's the Lot Size for Mini Lots
1 Mini lot - Lot size for Mini lots is therefore equal to 1 tenth of the standard xauusd trading lot
Mini lot is equivalent to 1 tenth of standard lot. The Mini lot volume in trading is hence specified as 0.1 on the platform.
To Specify a Mini Lot for trading on MT4 Software Platform, use MetaTrader 4 open orders lesson shown below:
To set these Mini lots orders on the MetaTrader 4 Platform Software: open MT4, open a "xauusd chart", rightclick in the "xauusd chart", choose and select "New Order" & then choose order either buy or sell as pictured below. (key-board Short Cut Keys - Press 'F9' Key). Select and Choose The Symbol you as a trader want to trade & then below the Symbol, Choose & Select the Gold trade "Volume" as 0.1 to specify Mini Lot Size.
How to Open a Mini Lot in MT4 Mini Account
Mini Account Meaning - the definition of a trading Mini account is an account type where traders open trade transactions using Mini lots. 1 Mini lot is equal to one tenths units of the base lot of gold.
The Mini account allows many retail traders to access the market because with this trading account traders can trade smaller lots referred to as Mini lots therefore capital needed to open this Mini xauusd account is not a lot as that which is required for signing up a standard account.
Study More Topics & Lessons:
- Learn How to Develop The Best XAUUSD Strategy
- Learn How to Generate Signals using Gold Strategies
- How Much Money is 1 XAU USD Mini Lot in XAU USD Trading?
- How to Use Stop Loss XAUUSD Order in MT5 Platform Software
- Sell XAU USD Signal System Rules & Buy XAU USD System Signal Rules
- How Can I use MetaTrader 4 XAUUSD Demo Account?
