Micro-Lot

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Dictionary Says

Definition of 'Micro-Lot'

The equivalent to a contract for 1,000 units of the base currency in a forex trade. The base currency is the first currency in a pair, or the currency that the investors buys or sells. Trading in micro-lots enables traders to trade in small increments.
Investopedia Says

Investopedia explains 'Micro-Lot'

When an investor places an order for a micro lot, this means they have placed an order for 1,000 units of the currency being bought or sold. For example, in a USD/AUD currency pair, the U.S. dollar is the base currency. 

 

Investors use micro-lot sizes when they prefer not to trade mini or standard lots. Ten mini lots is equal to 100 micro lots, which is equal to one standard lot. 
Search results for

'Micro-Lot'

  • Forex Broker Guide: Platforms And Account Details | Investopedia

    http://www.investopedia.com/university/forex-broker-guide/forex-broker-guide2.asp
    ... standard account. A micro lot is equal to 1,000 units of the base currency,
    compared with a standard lotÂ’s 100,000 units. A one ...

  • Top Reasons Forex Traders Fail

    http://www.investopedia.com/articles/forex/10/top-reasons-forex-traders-fail.asp
    ... accounts. This coincides with one mini lot ($10,000) for every $5,000 and
    one micro lot ($1,000) for every $500 of account value. The ...

  • How Much Trading Capital Do Forex Traders Need?

    http://www.investopedia.com/articles/forex/10/trading-capital.asp
    ... With an average five-pip profit and making 10 trades per day with a micro lot ($1,000),
    the trader will make $5 (estimated, and will depend on currency pair ...

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