What is a standard lot, mini lot, micro lot, and nano lot?

@godswillfx - 2 months ago - Forex Education

In Forex trading, a "lot" is simply the unit size of your trade position how much currency you're buying or selling.

Here’s the breakdown:

- Standard Lot: 100,000 units of the base currency.

(Biggest size. One pip move ≈ $10 profit/loss on most pairs.)

@godswillfx - 2 months ago

- Mini Lot: 10,000 units of the base currency.

(1/10th of a standard lot. One pip ≈ $1.)

@godswillfx - 2 months ago

- Micro Lot: 1,000 units of the base currency.

(1/100th of a standard lot. One pip ≈ $0.10.)

@godswillfx - 2 months ago

- Nano Lot: 100 units of the base currency.

(1/1,000th of a standard lot. One pip ≈ $0.01.)

@godswillfx - 2 months ago

Quick Tip for Beginners:

Smaller lots (micro/nano) let you trade with less money and control risk better, especially when starting out. Always check your broker’s lot sizes, as some may vary slightly.