Community Forex Questions
What is a standard lot?
A standard lot in forex trading is equal to 100,000 units of the base currency. The other two widely used lot sizes are micro- and mini-lots.
During transactions in the financial industry, a lot size is used to determine how much of an asset or product can be bought or sold. There are many different types of lots. Historically, spot forex has only been traded in lots of 100, 1000, 10,000 or 100,000 units. Recently, non-standard lot sizes have also been available to FX traders.
During transactions in the financial industry, a lot size is used to determine how much of an asset or product can be bought or sold. There are many different types of lots. Historically, spot forex has only been traded in lots of 100, 1000, 10,000 or 100,000 units. Recently, non-standard lot sizes have also been available to FX traders.
May 13, 2022 14:04