What is Lot Size in Commodities for Cent Commodities Trading Account?
Definition of What is the Lot Size for Commodity Trading Cent Lots
1 Cent lot is equivalent of 100 units of the base lot of commodity instrument - Lot size for Cent lots is therefore 100 Units of base commodity
Cent lot is equal to one tenth of the Micro commodity lot. The Cent lot volume in trading is therefore specified as 0.01 on commodities trading software.
To Specify a Cent Lot for trading on the MT4 commodity Platform, use MetaTrader 4 open commodity orders guide described below:
To set these commodity orders on 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 0.001 to specify Cent Lot.
How to Open a Commodity Trading Cent Lot in MetaTrader 4 Cent Commodity Trading Account
Commodity Trading Cent Account Definition - the definition of a commodity Cent commodity account is an account type where commodity traders open trades using Cent lots. 1 Cent lot is the equivalent of 100 units of the base lot of commodity.
The Cent 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 Cent lots therefore the capital needed to open this Cent commodity account is not a lot as that required for opening a standard commodities trading account.
