Definition of What is the Lot Size for Stock Micro Lots

Definition of What's the Lot Size for Micro Lots

1 Micro lot is the equal to one hundredth of the standard lot - Lot size for Micro lots is therefore equal to one hundredth of the standard lot

The Micro lot is equal to one hundredth of standard lot. The micro lot volume in trading is therefore specified as 0.01 on platform.

To Specify a Micro Lot for trading on MT4 Platform, use MT4 open orders lesson described below:

To set these stock orders on Meta Trader 4 Software: open MT4, open a " chart', right click on ' chart', choose "New Order" and then choose order either sell or buy as shown below. (Short Cut Keyboard Keys - Press F9). Select The Indices Quote you want to trade & then below the Symbol, Choose the trade 'Volume' as 0.01 to specify Micro Lot.

How to Open a Micro Lot on MT4 Micro Account

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

The Micro account allows many retail stock traders to access the stock trading market because with this account stock traders can trade smaller lots known as micro lots therefore the capital needed to open this micro stock account isn't a lot as that required for opening a standard account.