What is a lot?
A – A lot (1.0 lots) refers to the standard unit size used when trading, usually:
- 0 lot refers to 100,000 units of the base currency.
- 0.1 lots (mini lot) refers to 10,000 units of base currency.
- 0.01 lots (micro lot) refers to 1,000 units of base currency and is the smallest increment of a trade size.