How is Lot Size Calculated for Forex Mini Account? - How to Calculate Mini Lot Size in Forex

Calculate Lot Size for Mini Lots

1 Mini lot is the equivalent of 10,000 units of the base currency - Lot size for Mini lots is therefore 10,000 units of base currency.

The Mini lot is calculated as a equal to one tenth of the standard forex lot. The Mini lot volume in trading is therefore specified as 0.1 on forex trading platform.

To Specify a Mini Lot trade size when opening a trade on the MT4 forex Platform, use the MT4 open forex orders guide described below:

To set these Mini lots 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 0.1 to specify Mini Lot Size.

How to Calculate a Forex Mini Lot Size in MetaTrader 4 Mini Forex Account

For Mini lot the pip value per trade is equal to $1

Forex Mini Account Definition - the definition of a forex Mini account is an account type where forex traders open trades using Mini lots. 1 Mini lot is the equivalent of 10,000 units of the base currency.

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