A lot is the standardized unit size for a forex trade. A standard lot equals 100,000 units of the base currency, a mini lot is 10,000 units, and a micro lot is 1,000 units.
Trading in smaller lot sizes (mini or micro) lets traders control their exposure and risk more precisely, which is especially useful for smaller accounts or when learning to trade.
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Lot / Unit Converter
Convert between standard, mini, micro and nano lots and raw currency units.