Trade Forex Trading

Types of Lot Size in Forex - Types of Forex Lots - What are Different Types of Forex Lots?

Forex lot size is the No. of currency units that a trader will be buying or selling when trading currency pairs.

The 4 Various Types of Forex Lots are:

  1. Standard Forex Lot
  2. Mini Lot
  3. Micro Lot
  4. Nano Lot

FX Standard Lots for standard lots the No. of currency units traded using this standard lot is 100,000 units of currency.

FX Mini Lots for mini lots the No. of currency units traded using this mini lot is 10,000 units of currency.

FX Micro Lots for micro lots the No. of currency units traded using this standard contract is 1,000 currency units.

Brokers also implement a fourth option for lots known as forex nano lots

FX Nano lots - for forex nano lots the No. of currency units traded using this nano lot is 100 units of currency.

What's Standard Lot Size? - Types of Forex Lots - Standard Lot

Forex Standard Lot Size Meaning

FX is traded using Standard Forex Lots. One standard lot is equal to 100,000 units of currency.

The FX Standard Lot is the trading size of the amount of currency that is to be bought or sold in online forex market by a forex trader.

The Standard Lot which is equal to $100,000 units worth of currency is not transacted physically, but this $100,000 Dollar amount is represented by a standard contract.

Why Trade in Units of Currencies of $100,000 Standard Lots

Reason why such big units of currency are used in forex is so as to increase the amount of value of a pip (profit) when trading using standard lots.

Price moves are calculated in Pips - Price Interest Points

100 Pips Makes 1 Cent, therefore the price moves get calculated and tallied using very small price point movements(pips) - that's why standard lots are used.

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What's Mini Lot Size in Forex? - Forex Mini Lot Size

Forex Mini Lot Size Meaning

FX is traded using Mini Lots. One Mini Lot is equal to 10,000 currency units.

The Forex Mini Lot is the size of the amount of currency that is to be bought or sold in online forex market by a forex trader.

The Mini Lot which is equivalent to $10,000 units worth of currency is not transacted physically, but this $10,000 amount is represented by a mini contract.

Why Trade in Units of Currencies of $10,000 Mini Lots

Reason why such big units of currency are used is so as to increase size of one pip (profit) when tradingtransacting using Mini Lots.

Price moves are calculated in Pips - Price Interest Points

100 Pips Makes 1 Cent, therefore the price moves get calculated and tallied using very small price point movements(pips) - which is why mini lots are used.

What's Micro Lot Size in Forex? - Types of Forex Lots - Micro Lot

Forex Micro Lot Size Meaning

FX is traded using Micro Lots. One Micro Lot is equal to 1,000 currency units.

The Forex Micro Lot is the size of the amount of currency that is to be bought or sold in online forex market by a forex trader.

The Micro Lot which is equivalent to $1,000 units worth of currency is not transacted physically, but this $1,000 amount is represented by a micro contract.

Why Trade in Units of Currencies of $1,000 Micro Lots?

Reason why such large units of currency are used is so as to increase size of one pip (profit) when tradingtransacting using Micro Lots.

Price moves are calculated in Pips - Price Interest Points

100 Pips Makes 1 Cent, therefore the price moves get calculated and tallied using very small price point movements(pips) - which is why mini lots are used.

What's Nano Lot Size in Forex? - Forex Nano Lot Size

Forex Nano Lot Size Meaning

Forex is traded using Nano Lots. One Nano Lot Forex is equivalent to 100 currency units.

The Forex Nano Lot is the trading size of the amount of currency that is to be bought or sold in online fx market by a forex trader.

The Nano Lot which is equal to $100 units worth of currency is not transacted physically, but this $100 amount is represented by a nano contract.

Why Trade in Units of Currencies of $100 Nano Lots?

Reason why such large units of currency are used is so that to increase size of one pip (profit) when tradingtransacting using Nano Lots.

The Price moves are calculated in Pips - Price Interest Points

100 Pips Makes 1 Cent, therefore the price moves get calculated and tallied using very small price point movements(pips) - that's why nano lots are used.

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