Glossary Term

Lot

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Lots are fixed quantities of currency bought and sold on the global FX market. One lot refers to 100,000 units of the base currency in any pair. The advent of online trading and retail brokers have made FX more accessible to smaller investors by breaking down lots into smaller units. Today retail FX traders also have access to mini-lots (10,000 units) and micro-lots (1000 units).

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What is lot? A Traders Expert explanation

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