In, a micro lot equals 1/100th of a or 1,000 units of the .
A micro lot usually is the smallestsize that you can trade with. As new traders often do not have much in the way of starting capital, trading micro lots is a good way to keep the overall exposure of their trading account small. Also see .
If one micro lot of theis being traded, each would be worth $0.1, as opposed to $10 for a standard lot.
The following are the quantities typically used in the:
- A standard lot = 100,000 units of base currency
- A = 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: