Search Results For: forex lot sizes
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 …
Historically, currencies were traded in specific amounts called lots. The standard size for a lot is 100,000 units. There are also mini-lots of 10,000 and micro-lots of 1,000.
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.
Learn what a micro lot is, how this lot size compares to other sizes, and how its used in forex trading.