What is a Forex Lot Size

What is a Foreign Exchange Great Deal Size
LESSON5
What is a Forex whole lot size?
This is something that might be somewhat various from the securities market.

Since when you buy 10,000 shares, 100,000 shares, or 5,000 shares, that is virtually the numbers that you use.

However when you are taking care of Forex …

There is a little bit of terminology that you might wish to acquaint on your own with:

Standard Great Deal (100,000 Devices).
Mini Whole Lot (10,000 Systems).
Micro Great Deal (1,000 Systems).
Nano Lot (Listed Below 1,000 Devices).
For instance …

In a basic great deal, it represents 100,000 units of money.

Allow’s say you want to buy 100,000 systems (one great deal) of AUD/USD.

The Aussie versus the US dollar is currently at $1.20.

What happens is that you will certainly receive 100,000 devices of Australian Dollars!

In return, you will fork out (pay) $120,000 US Dollars.

Simply to place things in point of view:.

100,000 Units = 1.00 Whole lot.
10,000 Devices = 0.10 Whole lot.
1,000 Systems = 0.01 Lot.
Listed below 1,000 Systems = 0.001 Great deal.
With that said stated, I have actually come to the end of this video clip and also I’ll see you in the following.

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