What's Lot Size in Oil Trading for Cent Oil Trading Account?

Definition of What's the Lot Size for Oil Trading Cent Lots

1 Cent oil lot - Lot size for Cent lots is equal to one thousandth of base oil lot

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

To Specify a Cent Lot for trading on 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 Cent Lot.

How to Open a Oil Cent Lot in MT4 Cent Oil Trading Account

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

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