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

Calculate Commodities Trading Lot Size for Micro Lots

1 Micro lot is equivalent of 1,000 units of the base lot of commodity instrument - Lot size for Micro lots is therefore equal to one hundredth of the standard commodity lot.

Micro lot is calculated as the equivalent to one hundredth of standard commodity lot. The micro lot volume in trading is therefore specified as 0.01 on commodities trading platform.

To Specify a Micro Lot trade size when opening a trade on the MT4 commodity Platform, use MetaTrader 4 open commodity orders guide described below:

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

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

Commodity Trading Micro Account Definition - the definition of a commodity micro commodity account is an account type where commodity traders open trades using micro lots. 1 Micro lot is the equal to one hundredth of the standard commodity lot.

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