In the past, spot forex was only traded in specific amounts called lots, or basically the number of currency units you will buy or sell. The standard size for a lot is 100,000 units of currency, and now, there are also a mini, micro, and nano lot sizes that are 10,000, 1,000, and 100 units respectively.

Nov 27, 2017 – What Is a lot? A lot references the smallest available trade size that you can place when trading the Forex market. Typically, brokers will refer to lots by increments of 1000 or a micro lot. It is important to note that lot size directly impacts the risk you are taking. Therefore, finding the best lot size with a tool like …

A standard lot is the equivalent to 100000 units of the base currency in a forex trade. A standard lot is similar to trade size. It is one of the three lot sizes; the other two are mini-lot and micro-lot.

  • 1
  • 2