What is lot?Lot
The unit of trade size in forex: 1 standard lot = 100,000 units of the base currency; 0.1 is a mini lot and 0.01 a micro lot.
Learn “lot” in an animated lesson
- Forex BasicsMajors, Crosses and Pip Value
How many dollars is a pip on USD/JPY worth? Where does the EUR/JPY rate come from? Learn to convert any pair's pip value into dollars.
- Forex BasicsWhat Is Leverage?
Use a "lever" to move a big position: at full leverage, a 1% price move can swing your margin by 100%.
- Forex BasicsWhat Is a Lot?
Forex is traded in lots. Your lot size decides how much money each pip you win or lose is worth.
- Forex BasicsMargin and Stop-Out
Drag the leverage and lot size to watch used margin, free margin, the margin call warning and the line that triggers a stop-out.
- Forex BasicsOvernight Swap
A forex position held overnight earns or pays interest. It's set by the interest rate gap between the two currencies, the platform adds a markup, and Wednesday night counts three days.
Related terms
See how “lot” works for yourself with an animation you can drag and play.
Go to “Majors, Crosses and Pip Value”