Lot
Lot — A standard forex position size — 100,000 units of the base currency.
- Quick definition: A standard forex position size — 100,000 units of the base currency.
- Category: Forex Basics
Full Definition
Standard lot = 100,000 units. Mini lot = 0.10 (10,000 units). Micro lot = 0.01 (1,000 units). On EURUSD, a standard lot moves $10 per pip. Lot size determines your dollar risk per trade — calculate it from account balance × risk % ÷ (stop pips × pip value per lot).
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