Understanding Lot Sizes In Forex

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Understanding Lot Sizes In Forex. Units refer to the base currency being traded. Understanding Lot Size in Forex We have different types of lot size in the forex market, which include standard lot, mini lot, micro lot and Nano lot.

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Now let's define the concept of lot on Forex. Reward works, and also how to count Pips. So the number of lots or portions of a lot determines the size of the opened trade.

This video will explain in detail THE SIMPLE WAY to convert Lot Sizes, how Risk vs.

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The bigger lot size you take, the bigger risk it will be. A pip is the smallest amount a currency can move. Typical Lot Size in Forex Trading Available at Online Forex Brokers.

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