Forex glossary
What is a lot?
A standard trade size. One standard lot = 100,000 units of the base currency.
Definition
Lot: A standard trade size. One standard lot = 100,000 units of the base currency.
In context
00 is a standard lot, 0.
From the lesson Lots and Pip Value.
Lessons that cover Lot
Forex 101 · 5 min
What Is a Pip?
The tiny unit that decides your profits. Pips and pipettes explained.
Forex 101 · 7 min
Lots and Pip Value
How position size turns pips into dollars.
Forex 101 · 5 min
Bid, Ask and the Spread
Why there are two prices and what the gap costs you.
Forex 101 · 7 min
Leverage and Margin
How a small deposit controls a big position, and why that cuts both ways.
Brokers & Platforms · 4 min
Account Types
Standard, raw, cent and swap-free accounts compared.
Fibonacci · 5 min
Placing Stops with Fibonacci
Use the next fib level as your 'I'm wrong' line.