Lots – Basic Explanation

In Forex, a “lot” is like a unit of measurement to quantify the size of your trade. There are four main types of lots:

LotNumber of Units
Standard100,000
Mini10,000
Micro1,000
Nano100

The lot size you choose influences the risk and potential profits. The larger the lot, the higher the risk and profit potential. Beginners often start with smaller lots to manage risk.