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

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

The Standard lot is equivalent to one standard gold trading contract. The Standard lot volume in trading is therefore specified as 1 on the gold trading platform.

To Specify a Standard Lot for trading on the MetaTrader 4 gold trading Platform, use the MetaTrader 4 open gold orders tutorial explained below:

To set these standard lot 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 1 to specify Standard Lot.

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

Standard Gold Trading Account Definition - the definition of a gold trading Standard account is an account type where gold traders open trades using Standard lots.

The Standard gold trading account allows Standard lots therefore the capital needed to open this Standard xauusd trading account is a lot more than that required for opening a Mini xauusd trading account.