The would be the actual amount of currency bought/sold in a trade. One standard lot would be 100,000 units of the quote currency ($100,000 for xxxUSD pairs). For standard lots of xxxUSD pairs, a one pip move is worth $10.
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Articles in Forex Traders Glossary
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There are 107 articles in Forex Traders Glossary.
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A
B
C
D
E
F
G
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G (cont.)
H
I
K
L
M
N
O
P
Q
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Q (cont.)
R
S
T
V
W
Y
Z
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Lot Size -
08-21-2008, 02:10 AM
Linear Mode
