What's a Cent Lot in XAUUSD for Cent Gold Account?
Definition of What's the Lot Size for XAUUSD 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
The Cent lot is equal to one tenth of Micro xauusd lot. The Cent lot volume in trading is therefore specified as 0.01 on gold trading software.
To Specify a Cent Lot for trading 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 0.001 to specify Cent Lot.
How to Open a XAUUSD Cent Lot 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 known as Cent lots therefore capital needed to open this Cent xauusd account isn't a lot as that required for opening a standard gold trading account.
