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In the context of forex trading, a lot refers to a batch of currency the trader controls. The lot size is variable. Typical designations for lot size include standard lots, mini lots, and micro lots. It is important to note that the lot size directly impacts and indicates the amount of risk you're taking. Micro Lots: Micro lots are the smallest lot sizes available to traders on the fx market. One micro-lot is worth 1,000 units in the currency in which you’re trading in. Needless to say, they are the cheapest of all the lot sizes available and are perfect for beginners who are looking to get their hands wet and gain some experience with forex lots. FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Forex is commonly 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 mini, micro, and nano lot sizes that are 10,000, 1,000, and 100 units. Currencies in Forex are traded in Lots. A standard lot size is 100 000 units. Units refer to the base currency being traded. For example, with USD/CHF the base currency is US dollar, therefore if to trade 1 standard lot of USD/CHF it would be worth $100 000.
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Both Pips and Lot Sizes are two of the most significant aspects to understand when it comes to Forex Trading. They are literally what help you to determine y... Trading units (aka lots, aka position size) is one of those trading terms that seem simple but can be quite confusing for someone who’s just come into the tr... Everything you need to know about lotsize, leverage and margin. If you want to learn more, download my free trading system plus much more, visit: https://www... PIPS PAY MY BILLS SONG Google Play https://play.google.com/store/music/album/Jay_Wayne_Pips_Pay_My_Bills?id=Blhao62woqmf7ihim3ui5xkxzey iTunes http://itunes.... Free calculator: https://www.babypips.com/tools/position-size-calculator #forex #forexlifestyle #forextrader Want to join the A1 Trading Community? Follow al...