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: Charlespaf

    https://mexicanpharm1st.com/# buying prescription drugs in mexico

  2. Commented by: RobertoFal

    how to cure ed: best online pharmacy – canadian online drugstore

  3. Commented by: ThomasCok

    buying prescription drugs in mexico online: reputable mexican pharmacies online – buying prescription drugs in mexico online

  4. Commented by: Charlespaf

    http://drugs1st.store/# buy generic ed pills online

1 144 145 146 147 148 412

Latest Comment

Your email address will not be published.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