Good Morning,
can someone please shed some light on what the minimum Tick size is for these two markets ( XAU/USD and XAG/USD )

On the Forex.xom Platform/Charts - it shows in the box where you enter the number of Lots you want to trade as ( min 1 ) for the XAU and ( min 5 ) for the XAG

I am use to trading forex ( EUR/USD,AUD/USD,etc. but the XAU and XAG are completely new

Where for the EUR/USD for example, I can enter 1000 in the quantity box when I go to place a trade, and I enter 1000 which is 1 micro Lot

So how would this work for the XAU where it shows ( min 1 ) in the quantity box?
Would entering 1 be 1 Lot? And then what would the value per Lot be?

So how would this work as well for the XAG where it shows ( min 5 ) in the quantity box?
Would entering 5 be 5 Lots? And then what would the value per Lot be?

Do these two markets ( XAU and XAG ) allow you to decide if you want to trade in micros, mini or standard?
Or is there only one Pip size, no matter what?

Lastly please - for the XAG , it is showing XAG/USD ( per 0.1 ) … what is it referring to when it says ( per 0.1 )?

I really appreciate everyone’s help
I’m looking forward to trading these two markets, just want to make sure i understand the in and outs of them before I start trading them :slight_smile:

Check your broker specification on website concerning micro contracts
Especially XAG, coz it could be vary + if you trade overnight, check rollover for XAG
2nd way if you use MT4, open contract specification
log into the MT4 platform, open the market watch window, right click on the instrument you want to check the details of and select ‘specifications’
I think with MT5 are same

Larix,
Thanks so much for your reply

I'm trading forex using Forex.com

I checked the Leverage/Margin requirements on these two Markets ........... There is theoretically no Leverage to trade these two Markets - you have to put up the full amount regarding Margin

vpd1952 

Larix, Thanks so much for your reply I'm trading forex using Forex.com I checked the Leverage/Margin requirements on these two Markets ........... There is theoretically no Leverage to trade these two Markets - you have to put up the full amount regarding Margin

Yep. And I think I know why. Gold & silver have now high volatility
They simply add ban to trade it. (Also made it unavailable to trade via MT5 in accordance with specification from site)

Larix,
thank you for your confirmation on this

That makes sense now, for why the Margin would be so high