CYPHER ASSETSTrading education
01The short answer
ANSWERA lot is the size of a forex position. A standard lot is 100,000 units of the base currency, a mini lot is 10,000 and a micro lot is 1,000. On EUR/USD one pip is worth about $10 per standard lot, $1 per mini lot and $0.10 per micro lot.
02Key points
- Standard lot = 1.00, mini lot = 0.10, micro lot = 0.01.
- Bigger lots mean bigger money per pip, in both directions.
- Your lot size should come from your risk calculation.
03Go deeper
Day 2 of the bootcamp
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