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Wednesday, June 5, 2013

Trading contracts amounts (Lots)

Amounts of trading contracts are standard units for trading in the currency market, and it has three types:

Standard Contract (Standard Lot): equal to 100,000 units of the base currency.

Mini contract (Mini Lot): equal to 10,000 units of the base currency.

Micro contract (Micro Lot): equal to 1,000 units of the base currency.

And trading in the currency market by this standard units, for example, a standard buy 3 lots or two small, and can not buy a decade and a half, and so on.



Note the relationship between the types of contracts:



1 standard contract = 10 mini contracts.
1 contract miniature = 10 Micro decades.

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