In , a micro lotIn forex trading, a lot is the standard unit to measure the ... More equals 1/100th of a or 1,000 units of the .
A micro lot usually is the smallest size that you can trade with. As new traders often do not have much in the way of starting capital, trading micro lots is a good way to keep the overall exposure of their trading accountTo be able to make trades, traders need a trading account a... More small. Also, see .
If one micro lot of the is being traded, each would be worth $0.1, as opposed to $10 for a standard lot.
The following are the quantities typically used in the :
- A standard lot = 100,000 units of base currencyWhat is a base currency versus a quote currency? The base c... More
- A = 10,000 units of base currencyWhat is currency? Currencies are the generally accepted medi... More
- A micro lot = 1,000 units of base currency
- A nano lot = 100 units of base currency
Learn more about sizing your trades:
