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…
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What is forex trading ?

The term ‘Forex’ is the combination of two words i.e. Foreign Exchange. All forex trades engage two currencies because you're betting on the value of a currency against another. Currencies need to be exchanged in order to perform foreign trade and business because you are always buying or selling one currency using another currency, you make the trade of ‘currency pairs’. This is the world’s biggest financial market with making a daily turnover of $5 trillion. 80% trader make a loss in this market and 20% make profits, in which only 10% trader earn valuable income. Forex Trading is not magic of making money, it is different kind of business where you can earn only and only with knowledge about basics and market fundamentals. Forex Trading Example If you live…
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