Lot
At Trader’s Way, Prime Online Forex and CFD broker, we encourage new traders to review all the information on Forex prior to trading. As part of our ongoing series on the market, here’s a brief recap on “Lot”. Traders can trade on the market only in lots, where a lot is a standard size of a transaction. It is measured in base currency units.
The common lot sizes are:
Standard: 100,000
Mini: 10,000
Micro: 1,000
Nano: 100
Example: 1 standard lot of EURUSD = 100,000 euro; 1 nano lot of EURUSD = 100 euro.
For more information on the market, please check out Trader’s Way.
At Trader’s Way, Prime Online Forex and CFD broker, we encourage new traders to review all the information on Forex prior to trading. As part of our ongoing series on the market, here’s a brief recap on “Lot”. Traders can trade on the market only in lots, where a lot is a standard size of a transaction. It is measured in base currency units.
The common lot sizes are:
Standard: 100,000
Mini: 10,000
Micro: 1,000
Nano: 100
Example: 1 standard lot of EURUSD = 100,000 euro; 1 nano lot of EURUSD = 100 euro.
For more information on the market, please check out Trader’s Way.