How is Lot Size Calculated in Forex for Micro Account? - How to Calculate Micro Lot Size
Calculate Lot Size for Micro Lots
1 Micro lot is the equivalent of 1,000 Units of the base currency - Lot size for Micro lots is therefore 1,000 units of base currency.
Micro lot is calculated as a equivalent to one hundredth of standard forex lot. The micro lot volume in trading is therefore specified as 0.01 on forex trading platform.
To Specify a Micro Lot trade size when opening a trade on the MT4 forex Platform, use the MT4 open forex orders guide described below:
To set these forex orders in MetaTrader 4 Platform: open MT4, open a "forex chart", right-click on "forex chart', choose 'New Order', then choose order either sell or buy as shown below. (Short Cut Keys - Press F9). Select The Currency Symbol you want to trade for example EURUSD and then below the currency Symbol, Select the trade "Volume" as 0.01 to specify Micro Lot Size.
How to Calculate a Forex Micro Lot Size in MetaTrader 4 Micro Forex Account
For Micro lot the pip value per trade is equal to $0.1
Forex Micro Account Definition - the definition of a forex micro account is an account type where forex traders open trades using micro lots. 1 Micro lot is the equivalent of 1000 Units of the base currency.
The Micro forex account allows many retail forex traders to access the forex market because with this account forex traders can trade smaller forex lots known as micro lots therefore capital needed to open this micro forex account is not a lot as that required for opening a standard forex account.
