What is a lot in forex? Standard, mini and micro lots explained
By SendPay Business · · 2 min read
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In forex trading, a lot is a set amount of currency you trade in one go. Lot size decides how much each small price move is worth to you, so it is one of the main ways traders control how much they could win or lose.
The common lot sizes
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Standard lot
100,000 units of the base currency.
Mini lot
10,000 units.
Micro lot
1,000 units.
Nano lot
100 units, offered by some brokers.
How lot size changes a pip
For a pair like EUR/USD, where a pip is 0.0001, one pip on a standard lot is worth about 10 US dollars, on a mini lot about 1 dollar, and on a micro lot about 10 cents. The same price move costs or earns ten times more with each step up in lot size.
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Lots, leverage and risk
Many brokers let traders control large lots with a small deposit through leverage. That makes losses grow just as fast as gains, which is why many retail traders lose money. Starting with small lots is a common way to limit risk.
Where SendPay fits
SendPay does not offer forex trading, lots or leverage. SendPay platforms include multi-currency accounts and currency exchange for payments, where the platform owner sets their own exchange fee.
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Questions people ask
How many lots should I trade?
Size a trade from your risk and stop loss.
Forex position size calculator →Read next
Spotted a mistake or something out of date? and we'll fix it. How our guides are made
This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. Other companies named in this guide are reference points only and are not affiliated with SendPay Business.