In Forex trading, currencies are traded in units called “lots”. Think of them like cartons of eggs, where one carton has 12 eggs. In Forex, a standard lot represents 100,000 units of currency. However, there are smaller lot sizes too: …
Trading in “Lots” Imagine going to a shop and wanting just one egg. But they don’t sell single eggs. They sell them in boxes of 12. That’s like a group or “lot” of eggs. In foreign currency trading, it’s similar. …