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One standard lot represents 100,000 units, so five represent 500,000 units. A trade of this size would generally be executed by institutional investors or by individual traders with very deep pockets.

One standard lot in forex trading via online forex brokers equals 100,000 units of the base currency while a mini lot is 10,000 base currency units, a micro lot is 1,000 base currency units and a ...

BZ Key Takeaways A micro lot in forex trading represents 1,000 base currency units, making it one-hundredth the size of a standard lot, which is 100,000 units.

What Lot Size Means in Forex Trading A lot refers to the volume or quantity of trading in forex. They’re standard sizes for trading your chosen currency pairs. Let’s make things easier.

Discover what lot size means in forex trading and how it impacts your risk and reward. Learn about standard, mini, micro, and nano lots, and get tips on calculating the right lot size for your ...

Pip value can be computed by multiplying the lot size by the exchange rate. For example, each pip movement is worth $10 in a 100,000 euro trade on EUR/USD at an exchange rate of 1.1000.

To calculate Forex lot size, you must first understand the pip value associated with different lot types. Assuming your quote currency is the dollar, one pip movement equals $10 in a standard lot.