How is Lot Size Calculated in Forex for Standard Account? - Calculate Lot Size for Standard Lots
Calculate Lot Size for Standard Lots
1 Standard lot is the equivalent of 100,000 units of the base currency - Lot size for Standard lots is therefore 100,000 units of base currency.
The Standard lot is calculated as a equivalent to one standard forex contract. The Standard lot volume in trading is therefore specified as 1 on forex trading platform.
To Specify a Standard Lot trade size when opening a trade on the MT4 forex Platform, use the MT4 open forex orders guide described below:
To set these forex orders in MetaTrader 4 Platform: open MT4, open a "forex chart", right-click on "forex chart', choose 'New Order', then choose order either sell or buy as shown below. (Short Cut Keys - Press F9). Select The Currency Symbol you want to trade for example EURUSD and then below the currency Symbol, Select the trade "Volume" as 1 to specify Standard Lot Size.
How to Calculate a Forex Standard Lot Size in MetaTrader 4 Standard Forex Account
For Standard lot the pip value per trade is equal to $10
Forex Standard Account Definition - the definition of a forex Standard account is an account type where forex traders open trades using Standard lots. 1 Standard lot is the equivalent of 100,000 units of the base currency.
The Standard forex account allows Standard lots therefore the capital needed to open this Standard forex account is a lot more than that required for opening a Mini forex account.
