What is Lot Size in Oil Trading for Micro Oil Trading Account?

Definition of What is the Lot Size for Oil Trading Micro Lots

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

Micro lot is equivalent to one hundredth of the 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 for trading on the MT4 oil trading Platform, use MetaTrader 4 open oil orders tutorial described below:

To set these oil orders on MetaTrader 4 Platform: open MT4, open a "oil trading chart", right click on "oil trading chart", choose "New Order" & then choose 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.

How to Open a Oil Micro Lot on MetaTrader 4 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 trading 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 referred to as micro lots therefore capital needed to open this micro crude oil trading account is not a lot as that required for opening a standard crude oil trading account.