Lot Size

Market Terms

We don't know everything about the markets.  We're just devoted to learners.  Taken from those smarter than ourselves, here's how we define Lot Size.

Common in spot forex trading, lot sizes are the amount of units required to make a trade.  Within forex trading, the lot sizes are typically 100, 1,000, 10,000, or 100,000.  Recently, non-standard lot sizes (or “odd lots”) have also become available to forex traders.  Standard lots are the equivalent of 100,000 units of the base currency in a forex trade.