How is Lot Size Calculated in XAUUSD for Micro Gold Account?

Calculate XAUUSD Lot Size for Micro Lots

1 Micro lot is the equivalent of 1,000 units of the base lot of xauusd instrument - Lot size for Micro lots is therefore equal to one hundredth of the standard gold trading lot.

The Micro lot is calculated as a equal to one hundredth of standard xauusd lot. The micro lot volume in trading is therefore specified as 0.01 on gold trading platform.

To Specify a Micro Lot trade size when opening a trade in MetaTrader 4 xauusd Platform, use MetaTrader 4 open xauusd orders tutorial explained below:

To set these xauusd orders on the MT4 Platform: open MetaTrader 4, open a " xauusd chart', right click on the ' xauusd chart', select "New Order" & then select the order either sell or buy as shown below. (Short Cut Keyboard Keys - Press F9). Select The XAUUSD Quote you want to trade & then below the xauusd Symbol, Select the trade "Volume" as 0.01 to specify Micro Lot Size.

How to Calculate a XAUUSD Micro Lot Size on MT4 Micro XAUUSD Account

XAUUSD Micro Account Definition - the definition of a XAUUSD Micro account is an account type where xauusd traders open trades using micro lots. 1 Micro lot is equivalent to one hundredth of standard gold trading lot.

The Micro xauusd trading account allows many retail gold traders to access the xauusd market because with this xauusd account traders can trade smaller xauusd lots known as micro lots therefore capital needed to open this micro xauusd account isn't a lot as that required for opening a standard gold trading account.