Micro Account Definition in Gold Trading
Micro Account Definition - The definition of a trading micro account is an account type where traders place trade transactions using micro lots. 1 Micro lot is the equal to one hundredth of the standard xauusd lot.
The Micro account allows many retail xauusd traders to access the xauusd market because with this account traders can trade smaller gold lots referred to as micro lots therefore the capital required to open this micro account isn't a lot as that required for opening a standard account.
Micro lot is equal to one hundredth of standard xauusd lot.
Study More Tutorials & Courses:
- What Happens When Your Free XAUUSD Margin Runs Out?
- MQ5 Signals MetaTrader 4 & MQL5 Signals MetaTrader 5 Platform
- How to Trade XAUUSD in MT5 XAU/USD Charts
- How Can I Trade XAUUSD Symbols in MT4 Software?
- 3 Types of Gold Stochastic Oscillators, Fast, Slow & Full Stochastic XAUUSD Oscillators
- Train Gold for Beginners Tutorial Course
- What's a Mini Lot in Gold for Mini XAU USD Account?
- Can You Start XAUUSD with $1000 for Standard Gold Account?
- XAU USD Indicators That Are Used To Analyze The Market
- What's a Gold Morning Star Candle in Gold?
