What is Lot?

thumb-3d18892891009e05fe83b7002c174d65_1497459570_443_600x276

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.

Latest Comment

  1. Commented by: JeffreyEvorn

    What side effects can this medication cause? Best and news about drug.
    canadapharmacyonline com
    earch our drug database. Some trends of drugs.

  2. Commented by: JeffreyEvorn

    Get here. earch our drug database.
    https://canadianfast.online/# cvs prescription prices without insurance
    Read information now. Actual trends of drug.

  3. Commented by: EdgarFed

    Comprehensive side effect and adverse reaction information. Definitive journal of drugs and therapeutics.
    ed meds online canada
    Comprehensive side effect and adverse reaction information. Definitive journal of drugs and therapeutics.

  4. Commented by: JeffreyEvorn

    Get information now. Everything what you want to know about pills.
    prescription without a doctor’s prescription
    Prescription Drug Information, Interactions & Side. Cautions.

1 312 313 314 315 316 330

Latest Comment

Your email address will not be published. Required fields are marked *