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What is a Lot in Forex?

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A micro lot is a lot of units of your accounting funding currency. If your account is funded in US dollars a micro lot is $ worth of the base currency you want to trade. If you are trading a dollar-based pair, 1 pip would be equal to 10 cents. 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 , units of currency, and now, there are also a mini, micro, and nano lot sizes that are 10,, 1,, and units respectively.

Understanding Lot Sizes & Margin Requirements when Trading Forex

Jan 01,  · A lot refers to a bundle of units in trade. It essentially refers to the size of the trade that you are making. Some examples of lots that you may be familiar with is at the grocery store.

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BREAKING DOWN 'Standard Lot'

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Historically, this was the case.

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