What Is The Meaning of Lot Size in Forex?
Now, we are discussing the lot size, it is the very important topic, but most of the trader doesn’t give enough time to understand Forex Basics and bear a lot of loss. Before taking any step, the trader should know their portfolio because of the lot sizes directly impact the risk you want to take. Hence, finding appropriate forex lot size according to your trade can help you lock down the risk you would be taking. In the earlier period, spot Forex was only traded in definite amounts that known as lots, or basically the total number of currency units you will sell or buy. Without wasting any time, now we are describing the lot size type. There are 4 types of Lot size available 1) Standard Lot Size:- 100,000…