Lot

The term “lot" is used in forex trading to describe a quantity.

Typically, a lot denotes 100,000 units of a currency. The term “standard lot” refers to the base currency.

Example: 1 lot in the CHFEUR currency pair is 100,000 Swiss francs (CHF).

Besides the standard lot, the mini-lot (10,000) and micro-lot (1000) are also used.

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