Definition
The unit of trade size. A standard lot is 100,000 units of the base currency, a mini lot 10,000 and a micro lot 1,000.
Example
Trading 0.1 lot of EURUSD means 10,000 euros.
Related terms
Forex glossary
The unit of trade size. A standard lot is 100,000 units of the base currency, a mini lot 10,000 and a micro lot 1,000.
Trading 0.1 lot of EURUSD means 10,000 euros.