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WHAT ARE LOTS / LOT SIZE?

WHAT ARE LOTS / LOT SIZE?

Lots refer to the specific units traded with currency pairs, which essentially means the number of currency units you wish to buy or sell. There are 3 types of lots: 

  • Micro Lot size = 0.01 = Controls 1,000 units of currency
  • Mini lot size = 0.10 = Controls 10,000 units of currency
  • Standard Lot size = 1.00 lot = Controls 100,000 units of currency

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