Lot Size

In foreign exchange (FX) trading, Lot Size is the standardized unit of measure for a transaction, representing the volume of the base currency being bought or sold, which directly determines the trade's exposure and the monetary value of a single pip movement. A standard lot is fixed at 100,000 units of the base currency, with smaller sizes like mini (10,000 units), micro (1,000 units), and nano (100 units) allowing for precise risk management and accessibility for various account sizes.