How is Lot Size Calculated in Oil Trading for Micro Oil Trading Account?

Calculate Crude Oil Trading Lot Size for Micro Lots

1 Micro oil lot - Lot size for Micro lots is therefore equal to one hundredth of the standard oil lot.

The Micro lot is calculated as a equal to one hundredth of standard oil lot. The micro lot volume in trading is therefore specified as 0.01 on the oil trading platform.

To Specify a Micro Lot trade size when opening a trade in MT4 oil trading Platform, use the MetaTrader 4 open oil orders tutorial described below:

To set these oil orders in MetaTrader 4 Platform: open MT4, open a "oil chart", right click on "oil chart", choose 'New Order' and then select the order either sell or buy as shown below. (Keyboard Short Cut Keys - Press F9 Key). Select The Oil Trading Symbol you want to trade and then below oil Symbol, Select the trade "Volume" as 0.01 to specify Micro Lot Size.

How to Calculate a Oil Micro Lot Size in MT4 Micro Oil Trading Account

Micro Oil Account Definition - the definition of a oil trading micro crude oil trading account is an account type where traders open trades using micro lots. 1 Micro lot is the equivalent to one hundredth of standard oil lot.

The Micro oil trading account allows many retail crude oil traders to access the crude oil market because with this crude oil trading account crude oil traders can trade smaller oil lots known as micro lots therefore capital needed to open this micro crude oil account is not a lot as that required for opening a standard crude oil trading account.