In the past, spot forex was only traded in specific amounts called lots, or basically the number of currency units you will buy or sell.. The standard size for a lot is , units of currency, and now, there are also a mini, micro, and nano lot sizes that are 10,, 1,, and units respectively. Understanding Lot Sizes & Margin Requirements when Trading Forex. Forex; Understanding Lot Sizes & Margin Requirements when Trading Forex; Historically, currencies were traded in specific amounts called lots. The standard size for a lot is , units. There are also mini-lots of .
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A Lot Explained Wheeewww.
This is shown in this demonstration using a forex position size calculator. Considering that the value of a trade position as well as the movement of the currency pair in pips is what determines the level of profit or loss after a forex trade, what is the monetary value of the forex lot?