All TermsConcept

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

LotSizePip value (EURUSD)
Standard1.00$10 / pip
Mini0.10$1 / pip
Micro0.01$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

Pip

A pip is the smallest standard price increment for a trading instrument — usually the 4th decimal for forex, $0.01 for gold.

Position Sizing

Position sizing converts risk percentage into actual lot sizes — the math that makes risk management real.

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