What is a lot in forex?

A lot in forex is the standard unit that traders use to measure the size of your trade. A standard lot is, in simple terms, 100,000 units of the base currency, which is the currency to the left in any pair. For example, 1 standard lot of USDJPY (here the USD is the base currency) equals 100,000 USD bought against the Japanese yen. The word standard contract is also sometimes used to refer to a standard lot.

Traders usually do not need to pay 100,000 USD to enter a 1 lot position. Instead, they rely on leverage from the broker and need to deposit only a portion of that amount. The higher the leverage, the smaller the amount they need to deposit.

Traders who have large accounts can trade standard lots, whereas traders with small...
Let's review our forex basics, best answers wanted. What is a lot in forex?
It somehow means a Box of something, to determine how many units is in this box, you should check the "contract size" for example if someone says 2 of EUR/USD, it means two boxes of that, now many units are in there? the contract size for this is 100k, so it means two boxes of EURUSD, each including 100k unites, it would be 200k units in general.
A lot in Forex is like ordering coffee at a fancy cafe. You think you're just getting a small cup, but suddenly you're in for a whole lot more than you bargained for, especially if you're not careful with how much leverage you're brewing with!
Can you elaborate on this please
You think you'll pick a small cup, but suddenly you find out you're getting much more than you bargained for. That's roughly how the "lot" system works in Forex. A "lot" is a standard volume of currency you trade on the market. But here's the interesting part: by using leverage, you can control much larger amounts than you have in your account. It's like drinking coffee from a giant cup without gauging your strength. If you're not careful with leverage, you can easily "burn out" because risks escalate as quickly as potential profits.