In forex trading, a lot is the standard unit to measure the quantity of the base currency in the currency pair you are trading.

    For example, if you trade a single lot of the currency pair EUR/USD, you are buying or selling 100,000 euros in US dollars.

    The following are the quantities typically used in the forex market:

    • A standard lot = 100,000 units of base currency
    • mini lot = 10,000 units of base currency
    • micro lot = 1,000 units of base currency
    • A nano lot = 100 units of base currency

    Learn more about sizing your trades: