lot size
In foreign exchange trading, the lot size is a standard unit for measuring the amount of base currency in the currency pair you are trading.
For example, if you trade a lot of EUR/USD, you have bought or sold 100,000 euros in USD.
The following is usually used forforeign exchange marketThe number of:
1 standard lot size = 100,000 units of base currency
1 mini lot = 10,000 units of base currency
1 micro lot = 1,000 units of base currency
1 nanolot = 100 units of base currency
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Disclaimer: The content of this article does not represent the views of the Institute of Foreign Exchange. The content is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.