How is Lot Size Measured in XAUUSD for Nano Account?

Calculate Lot Size for Nano Lots

1 Nano lot is the equivalent of 100 units of base lot of xauusd instrument - Contract size for Nano lots is therefore 100 Units of base xauusd.

The Nano lot is calculated as a equal to one tenth of Micro lot. The Nano lot volume in trading is therefore specified as 0.01 on trading software.

To Specify a Nano Lot trade size when opening a trade on MT4 xauusd Platform, use Meta Trader 4 open orders tutorial explained below:

To set these orders on the Meta Trader 4 Software: open MT4, open a " xauusd chart', right-click on the ' xauusd chart', select "New Order" and then select the order either sell or buy as illustrated below. (Short Cut Keyboard Keys - Press F9). Select The Quote you want to trade & then below the Symbol, Select the trade "Volume" as 0.001 to specify Nano Lot Size.

How Do I Calculate a Nano Lot Size on MT4 Nano Account

Gold Nano Account Meaning - the meaning of a Nano account is an account type where traders open trades using Nano lots. 1 Nano lot is the equivalent of 100 units of the base lot of xauusd.

The Nano account allows many retail traders to access the market because with this account traders can trade smaller lots referred to as Nano lots therefore capital needed to open this Nano account is not a lot as that required for opening a standard account.