How is Lot Size Calculated for Forex Nano Account? - How to Calculate Nano Lot Size in Forex
Calculate Lot Size for Nano Lots
1 Nano lot is the equivalent of 100 Units of the base currency - Lot size for Nano lots is therefore 100 Units of base currency.
The Nano lot is calculated as a equal to one tenth of Micro forex lot. The Nano lot volume in trading is therefore specified as 0.01 on forex trading platform.
To Specify a Nano 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 0.001 to specify Nano Lot Size.
How to Calculate a Forex Nano Lot Size in MetaTrader 4 Nano Forex Account
For Nano lot the pip value per trade is equal to $0.01
Forex Nano Account Definition - the definition of a forex Nano account is an account type where forex traders open trades using Nano lots. 1 Nano lot is the equivalent of 100 Units of the base currency.
The Nano 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 Nano lots therefore capital needed to open this Nano forex account is not a lot as that required for opening a standard forex account.
