What's a Nano Lot in Forex? - Definition of What is the Lot Size for Forex Nano Lots
Definition of What's the Lot Size for Forex 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
Nano lot is equivalent 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 for trading in MetaTrader 4 forex Platform, use the MT4 open forex orders tutorial described below:
To set these forex orders in MetaTrader 4 Platform: open MetaTrader 4, 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.
How to Open a Forex Nano Lot on MT4 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.
