How Much is One Lot in Forex? - 1 Lot Forex - Definition of a Standard Lot
1 Lot in forex is equal to 100,000 units of currency - Standard Lot Forex.
1 Lot is a 1 Standard Forex Lot
The minimum price movement for a 1 Lot or Standard Forex Lot is 10 dollars
Standard Account for Standard Lots - Standard Lot Account
A Standard Account is denominated in US Dollars & trade transactions are placed using standard lots. One standard lot is 100,000 units of currency. One lot is also referred to as a 1 contract. Minimum opening capital for the standard lots account - at-least $10,000 USD.
1 standard lot refers to the minimum size of a single trade. This standard lots trading account option is the most suitable for traders with a enough capital to invest - this standard account option requires $10,000 & $50,000 dollars as beginning capital, for this standard lots trading account the investor will not be undercapitalized & with good money management principles and forex funds management guidelines, this standard lots trading account option has the best chance for profitability because it is not under capitalized. Under capitalization is what makes most investors not profitable.
It isn't recommended to open a standard lots account unless you have a balance of at between $10,000 minimum and $50,000.
Professional Money Managers advice $50,000 Dollars minimum to open this standard lots trading account & only opening 1 or two lots maximum per every $50,000 you have. However, most online brokers still-will open this standard lots account for you if you have more than $10,000.
If an exchange rate for EURUSD is quoted at 1.4000, then the smallest transaction available in a standard lot forex trading account is worth $140,000 of currency to buy 100,000 EUR. With leverage of 100:1, this is only $1,400 of your money & the rest of the money you will borrow from your broker (with leverage ratio of 100:1, your online broker gives you $100 for every $1 dollar that you have, therefore for this trade using only $1,400 of your capital, the online broker will give you $100 of leverage for every $1 dollar you have, meaning after leverage you'll have $1,400*100=$140,000 which you can then buy 1 standard lot of EURUSD).
For Standard Lot Forex - Minimum Price Movement of 1 pip = $10
