Lot size & lots in forex trading: what does it mean?

In forex trading, lot size refers to the size of a trade. One lot is 100,000 units of the base currency. It’s a standardized measurement, regardless of what the base currency actually is. This means that a 1 lot trade of GBPUSD is 100,000 GBP worth of USD. And a 1 lot trade of EURAUD […]

Lot size & lots in forex trading: what does it mean? Read More »