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: NicolasMoito

    http://zithromax.company/# zithromax for sale online

  2. Commented by: MatthewGoaws

    where to buy zithromax in canada: zithromax best price – can i buy zithromax online

  3. Commented by: Stevenbib

    https://semaglutide.win/# Rybelsus 14 mg
    zithromax 250 mg pill

  4. Commented by: MatthewGoaws

    buy stromectol canada: stromectol 3 mg tablet – ivermectin 12 mg

1 179 180 181 182 183 357

Latest Comment

Your email address will not be published.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