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What is a Lot in Forex?

We do not have to restrict ourselves to the historical specific amounts of standard, mini and micro. Most are just a few thousand dollars if they do. Before opening an account, you should check with several dealers and compare their charges as well as their services. Can you help me please? Please send instructions how to opens an account with FXCM, while at the same time securing your platform.

Jul 04,  · One standard lot is roughly equivalent to $,, which is 10% of $1M. One mini lot [ lot] is roughly equivalent to $10,, which is 10% of $K. One micro lot [] is roughly equivalent to $1,, which is 10% of $10K.

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BREAKING DOWN 'Standard Lot'

So with a lot size 10,, each pip movement is $ profit or loss to us (10,* = $). As it moved upwards by pips we made a profit of $ For example’s sake, if we opened a lot size for , units we would have made a profit of $1, For example, the EUR/USD exchange rate is / You buy 1 standard lot at (ask price). 1 lot is , EUR. This means that you buy , EUR . Eurusd lot Euro usd 1lot equal 1 lot eurusd 1 lot eurusd equals. Community Experts online right now. Ask for FREE. Ask Your Question Fast! Categories Beauty & Style.