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

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

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

Mini lot is equal to one tenth of the standard oil lot. The Mini lot volume in trading is therefore specified as 0.1 on the oil trading platform.

To Specify a Mini Lot for trading on the MT4 oil trading Platform, use MetaTrader 4 open oil orders tutorial described below:

To set these Mini lots 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 0.1 to specify Mini Lot.

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

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

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