DitsIntelligence: Latest Global Market News, Forex Market Education

In the Forex market (FX),  a lot  is commonly traded in specific amounts or, in the simplest terms, the number of currency units you will be purchasing or selling. A  lot  is defined as a unit of measurement for a specified transaction amount. On the trading platform, orders are placed in sizes that are quoted as  lots . It’s similar to an egg carton or an egg box. Usually, when you buy eggs, you will purchase them in a carton or box, and one carton includes 12 eggs. The standard lot size is 100,000 units of currency. Besides, there are mini (10,000), micro (1000), and nano (100) lot sizes. LOT NUMBER OF UNITS Standard  100,000 Mini 10,000 Micro 1,000 Nano 100 A few brokers show quantity in  lots  while others display it in the actual currency units. As we previously discussed, the variation in the currency value relative to another is measured in  pips ,  which is a very, very small percentage of the currency value unit. In order to tak...