Isaiah Robert250_ Lee#30

查看翻譯

What is lot size in forex trading?

Lot size defines the volume of a forex trade. The standard lot is 100,000 units of the base currency, while a mini lot is 10,000 units and a micro lot is 1,000 units. Pip value depends on lot size—for example, in EUR/USD, one pip is worth $10 for a standard lot, $1 for a mini lot, and $0.10 for a micro lot. Choosing lot size is critical to risk management, as it determines potential profit and loss per trade. Beginners should start with micro lots to control risk and gradually increase as their skills and account balance grow.