Lot Size
A lot is the standardised unit of size in forex and CFD trading. One standard lot is 100,000 units of the base currency. A mini lot is 0.1 (10,000 units), a micro lot is 0.01 (1,000 units), and most brokers support down to 0.01.
Lot sizes
| Lot | Size | Pip value (EURUSD) |
|---|---|---|
| Standard | 1.00 | $10 / pip |
| Mini | 0.10 | $1 / pip |
| Micro | 0.01 | $0.10 / pip |
Why micro lots matter
Most retail traders should use micro lots. With a $1,000 account and 1% risk per trade, you can take fractional positions without overexposing.
Pine Script note
Pine Script's strategy.entry() accepts qty in contracts, not lots — multiply by 100,000 for forex.
Related Terms
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