Meaning of lot size in forex

By: spolochi On: 23.05.2017

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.

meaning of lot size in forex

To take advantage of this minute change in value, you need to trade large amounts of a particular currency in order to see any significant profit or loss. We will now recalculate some examples to see how it affects the pip value.

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As the market moves, so will the pip value depending on what currency you are currently trading. You are probably wondering how a small investor like yourself can trade such large amounts of money.

The broker will also specify how much they require per position lot traded. For example, if the allowed leverage is Of course, any losses or gains will be deducted or added to the remaining cash balance in your account.

Forex Lot Sizes - Micro lots, Mini Lots and a Full Lot - Know the Difference

The minimum security margin for each lot will vary from broker to broker. In the example above, the broker required a one percent margin.

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