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

Calculate Crude Oil Trading Lot Size for Nano Lots

1 Nano oil lot - Lot size for Nano lots is therefore equal to one thousandth of base oil lot.

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

To Specify a Nano 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 0.001 to specify Nano Lot Size.

How to Calculate a Oil Nano Lot Size on MT4 Nano Oil Trading Account

Nano Oil Account Definition - the definition of a oil trading Nano crude oil trading account is an account type where traders open trades using Nano lots. 1 Nano lot is the equivalent of 100 units of the base lot of oil.

The Nano 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 referred to as Nano lots therefore capital needed to open this Nano crude oil account is not a lot as that required for opening a standard crude oil trading account.