A lot is the standard trading unit that traders transact. Micro Lot – The smallest tradable lot size: 1,000 units of the currency. Mini Lot – A smaller lot size: 10,000 units of the currency. Standard Lot – 100,000 units of the currency.
Vincent Nyagaka is a Professional Trader, Analyst & Author. He has been actively engaged in market analysis for the past 7 years. He has a monthly readership of 100,000+ traders and has taught over 1,000 students since 2014. Vincent is also an experienced instructor and public speaker. Check out Vincent’s Professional Trading Course here.