What's Lot Size in Forex for Standard Account? - What's Standard Lot in Forex?

Definition of What's the Lot Size for Forex 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

Standard lot is equivalent to one standard forex contract. Standard lot volume in trading is therefore specified as 1 on forex trading platform.

To Specify a Standard Lot for trading in MetaTrader 4 forex Platform, use the MT4 open forex orders tutorial described below:

To set these standard lot forex orders in MetaTrader 4 Platform: open MetaTrader 4, 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, Choose the trade 'Volume' as 1 to specify Standard Lot.

How to Open a Forex Standard Lot on MT4 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.