Gold Account Types Explained

The Three Types of XAUUSD Accounts are:

XAUUSD Standard XAUUSD AccountXAUUSD Mini XAUUSD AccountXAUUSD Micro Account

Account Types Explained

What's an account type in xauusd? - Account Types ExplainedThe type of account you open will depend on what type of trader you're and how much capital you want to invest in XAUUSD.

The three common XAUUSD Account Types are:XAUUSD Standard XAUUSD AccountXAUUSD Mini XAUUSD AccountXAUUSD Micro Account

Trading XAUUSD Start a Account

To Start a XAUUSD you will need to open a account from an online broker.

How to Open Real XAUUSD Account in MetaTrader 4

1. Download MetaTrader 4 Platform Software
2. Setup MetaTrader 4 Platform on your PC
3. Open MT4 Software Platform on your PC
4. Click the File Menu and Choose Open an Account
5. Select The Real Trading Account Option
6. Fill in the real account opening form
7. Enter you account xauusd log in credentials for the account
8. Trade XAUUSD from the free MetaTrader 4 charts provided

Start XAUUSD by Opening a Account

XAUUSD Account Types Explained

Account Types Explained

A Standard account is denominated in US Dollars & trades are placed using standard lots provided for by standard account brokers. One lot is also referred to as a 1 contract. Minimum opening equity - at-least $10,000 dollars.

1 standard lot gold or 1 contract refers to the minimum size of a single transaction. This option is the most suitable for investors with a enough capital to invest - this option requires $10,000 to $50,000 in beginning capital, for this trading account the investor will not be undercapitalized & with good gold money management principles & gold money management trading strategies, this option has the highest chance for profitability because it is not undercapitalized. Under capitalization is what makes most investors not profitable in xauusd.

It's not recommended to open a standard account unless you have a balance of at between $10,000 minimum & $50,000.

Professional Money Managers advice $50,000 Dollars minimum to open this standard account and only opening 1 or 2 lots maximum per every $50,000 you have. However, most xauusd online brokers still-will open this standard account for you if you have more than $10,000.

Gold Account Types Explained

A Mini XAUUSD Account is a account that allows investors to make trades using mini lots provided for by xauusd mini account brokers. A mini contract is equivalent to $10,000 which is one-tenth that of a standard contract. Brokers offer mini contracts as a way to attract investors who do not have a lot of capital - as the minimum required starting capital is about $1,000 USD

Mini lots are similar to standard contracts: however, xauusd mini lots are traded in mini lots rather than standard lots - mini lot is a fraction of standard lot. This lowers deposit which is required to sign up a mini account and offers better risk management for investors without a lot of capital.

This mini account is recommended for those with only a few thousand dollars as capital.

A mini lot account is suitable for equity balances between $5,000 and $10,000. The transaction lots are smaller so the traders without enough capital to open standard contracts have better xauusd money management for their equity balance.

3. Micro Account

Micro XAUUSD Accounts are provided for by Micro account brokers. These Micro accounts are often appropriate for investors without a lot of capital and can sometimes be opened with only a $100 minimum account equity balance.

This Micro account option allows trader to open trade transactions in micro lots. 1 micro is one - tenth of a mini and one-hundredth of a standard gold contract.

This micro account is generally best suited for account equity balances that are between $1,000 and $5,000

Can You start xauusd with $10? - How to trade xauusd with $10 Open account with $25 trade xauusd with $50 How to trade xauusd with $100 xauusd trading with $200

To begin trading xauusd with min capital use this XAUUSD Micro Account

XAUUSD sign-up of any of these accounts is provided by online brokers.

In XAUUSD, 1 lot is the standard trade transaction minimum of a given gold. But many online brokers offer fractions of this standard lot to enable more retail traders to access the market. Being able to offer micro lots reduces the minimum trade size thus giving the new traders & also those without a lot of capital to begin investing with an opportunity to get a feel of the market.

There is availability of online xauusd tutorials that one can read even before opening an account, and to get extra practice in trading at no risk a beginner trader should open a practice demo trade account with a online broker. Practice money is equivalent to money of a game of monopoly & therefore traders can practice placing trade transactions without investing & depositing real money.