How do you explain the lot size in forex trading?
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A standard lot in forex is equal to 100,000 currency units. It's the standard unit size for traders, whether they're independent or institutional. Example: If the EURUSD exchange rate was $1.3000, one standard lot of the base currency (EUR) would be 130,000 units.
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A standard lot in forex is equal to 100,000 currency units. It's the standard unit size for traders, whether they're independent or institutional. Example: If the EURUSD exchange rate was $1.3000, one standard lot of the base currency (EUR) would be 130,000 units.
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Balaji T S
Professional with 30 years experience in Well Known Corporates and Top Education Institutes.
A standard lot in forex is equal to 100000 currency units. It's the standard unit size for traders institutional or independent. If the EURUSD exchange rate was $1.3000, one standard lot of base currency( EUR) would be 130000 units.
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