What is Lot?
Let’s say there is a quote for USD/CAD at the exchange rate of 1.4850. You probably wonder if it is possible to buy 1USD or 12USD… in fact you probably think that you can buy any “quantity” of USD. The answer is NO, you cannot simply buy any “quantity” of a currency. Similar to a pack of eggs, trading currency in FOREX is done in lots.
Standard lot size is USD $100,000.
Mini lot size is USD $10,000
You can buy as many lots as you want – one, two, or a hundred. One lots means you are buying USD $100,000. Two lots means you are buying USD $200,000 and so on and so forth. There are of course FOREX brokers that offer smaller lots.
What are such large amounts for? Currencies are measured in pips (the smallest increment of that currency). To observe any major profit or loss, large amounts of a currency must be traded.
ed pharmacy legal to buy prescription drugs from canada natural cure for ed
cheapest ed pills ed meds online online canadian drugstore
buying prescription drugs in mexico mexico drug stores pharmacies reputable mexican pharmacies online
indian pharmacy online: indianpharmacy com – online shopping pharmacy india