Glossary

Lot

A standard forex position size: 100,000 units of the base currency for a standard lot, 10,000 for a mini lot, 1,000 for a micro lot.

Comparison Standard, mini and micro lots with their pip values in EUR/USD. Standard 100,000 pip ≈ $10 Mini 10,000 pip ≈ $1 Micro 1,000 pip ≈ $0.10

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