Lot
A lot is the standard unit of measurement for a trade in forex. A standard lot equals 100,000 units of the base currency. Mini lots are 10,000 units and micro lots are 1,000 units. Lot size directly affects the pip value of a trade.
A lot is the standard unit of measurement for a trade in forex. A standard lot equals 100,000 units of the base currency. Mini lots are 10,000 units and micro lots are 1,000 units. Lot size directly affects the pip value of a trade.