How is Lot Size Calculated in XAUUSD for Cent Gold Account?
Calculate XAUUSD Lot Size for Cent Lots
1 Cent lot is the equivalent of 100 units of the base lot of xauusd instrument - Lot size for Cent lots is therefore 100 Units of base xauusd.
Cent lot is calculated as a equivalent to one tenth of Micro xauusd lot. The Cent lot volume in trading is therefore specified as 0.01 on the gold trading platform.
To Specify a Cent Lot trade size when opening a trade in MetaTrader 4 xauusd Platform, use MetaTrader 4 open xauusd orders tutorial described below:
To set these xauusd orders in MetaTrader 4 Platform: open MetaTrader 4, open a " xauusd chart', right click on the ' xauusd chart', select 'New Order' and then select order either sell or buy as shown below. (Short Cut Keyboard Keys - Press F9). Select The XAUUSD Symbol you want to trade & then below the xauusd Symbol, Select the trade "Volume" as 0.001 to specify Cent Lot Size.
How to Calculate a XAUUSD Cent Lot Size on MT4 Cent XAUUSD Account
XAUUSD Cent XAUUSD Account Definition - the definition of a xauusd Cent xauusd account is an account type where xauusd traders open trades using Cent lots. 1 Cent lot is the equivalent of 100 units of the base lot of xauusd.
The Cent xauusd trading account allows many retail gold traders to access the xauusd market because with this xauusd account traders can trade smaller xauusd lots referred to as Cent lots therefore the capital needed to open this Cent xauusd account is not a lot as that required for opening a standard gold account.
