In forex trading, a lot is the standard unit to measure the quantity of the base currency in the currency pair you are trading.

For example, if you trade a single lot of the currency pair EUR/USD, you are buying or selling 100,000 euros in US dollars.

The following are the quantities typically used in the forex market:

  • A standard lot = 100,000 units of base currency
  • A mini lot = 10,000 units of base currency
  • A micro lot = 1,000 units of base currency
  • A nano lot = 100 units of base currency

Learn more about sizing your trades:

Learn how to determine how much you can risk on each trade, depending on the size of your trading capital.
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