What's Lot Size in Gold for Nano Account?
Definition of What's the Lot Size for Nano Lots
1 Nano gold lot - Lot size for Nano lots is therefore equal to one thousandth of base xauusd trading lot
The Nano lot is equal to one tenth of the Micro gold lot. Nano lot volume in trading is therefore specified as 0.01 on software.
To Specify a Nano Lot for trading in MT4 Software, use MetaTrader 4 open orders guide explained below:
To set these orders on the MetaTrader 4 Software: open MetaTrader 4, open a "chart", rightclick on "chart", select "New Order" & then select order either sell or buy as illustrated below. (key-board Short Cut Keys - Press F9 Key). Select The Symbol you as a trader want to trade and then below the gold Symbol, Choose the trade "Volume" as 0.001 to specify Nano Lot.
How Do I Open Gold Nano Lot in MT4 Nano Account
Nano Account Meaning - the definition of a trading Nano account is an account type where traders open trades using Nano lots. 1 Nano lot is the equivalent of 100 units of base lot of gold.
The Nano gold account allows many retail traders to access the market because with this trading account traders can trade smaller lots referred to as Nano lots therefore the capital required to open this Nano account is not a lot as that required for opening a standard account.
Study More Lessons:
- Combination of Gator Oscillator Technical Indicator for Gold
- Acceleration/Deceleration AC XAU/USD Indicator Technical Analysis
- How Can I Use XAUUSD Price Channel Trading Indicator?
- Changing Language of MT4 XAU USD Platform Software
- Momentum XAUUSD Trends & Parabolic XAUUSD Trends
- Reversal Chart Patterns Double Tops and Double Bottoms XAUUSD Patterns
- XAUUSD News Trade Strategy
- The Six Different Types of Trading XAUUSD Charts
- How to Save a MT4 Chart Template in MT4 Software
- How Can I Trade 100.0% Fib Extension Level?
