Currency pairs are always traded in “lots”. A “lot” represents the amount of the currency pair that you are buying or selling. The three most common types of lots are the standard, the mini and the micro. One standard lot is equal to 100,000 units of the base currency, which means 1 lot of EURUSD would be equal to 100,000 euros. One mini lot is 10,000 units of the base currency, which would mean that 1 mini lot of GBPUSD would be equal 10,000 British pounds. Finally, 1 micro lot is equal to 1,000 units of the base currency in your currency pair. 1 micro lot of USDJPY is equal to 1,000 US Dollars.
- Introducing Broker Program
- Metatrader White Label
- How To Use MetaTrader 4 (MT4)?
- How a Forex PAMM Account Works
- What is MetaTrader 4 (MT4)?
- STP Forex Brokers
- What are the most traded currency pairs?
- Difference between Spread Betting and CFDs Trading
- Bitcoin Trading Strategies
- 4 Types Of Trading Strategies
bitcoing cfds cfd trading contracts for difference crash crisis currencies forex forex currency forexeducation forex exchange forex meaning forex pairs forex rates forex trade forex trading for beginners fx fx pairs how to introducing broker program investor learn metatrader metatrader4 mt4 mt4whitelabel pamm pamm account platform psychology spread betting stock market stp stp broker stp forex broker strategies strategy trade trader trading trading platform trading psychology trading strategies trading strategy whitelabel