A lot is the smallest available trade size that you can place when trading currency pairs in the foreign exchange market (Forex). Currencies are traded in lots, which are batches of currency used to standardize the quantity for Forex trades. A standard lot is 100 000 units of currency. There are also smaller sizes available, known as mini lots and micro lots, worth 10 000 and 1000 units correspondingly.
There is a high level of risk involved when trading leveraged products such as Forex/CFDs. The leveraged nature of Forex/CFD trading means that any market movement will have an equally proportional effect on your capital. When trading or investing, you must always take into consideration the level of your experience. You should not trade or invest unless you fully understand the true extent of your exposure to the risk of loss. If the risks involved seem unclear to you, please apply to a qualified financial advisor for an independent and professional advice.
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