Standard Lot


DEFINITION of 'Standard Lot'

The equivalent to 100,000 units of the quote currency in a forex trade. A standard lot is similar to trade size. It is one of the three commonly known lot sizes; the other two are mini-lot and micro-lot.

BREAKING DOWN 'Standard Lot'

A standard lot represents 100,000 units of any currency, whereas a mini-lot represents 10,000 and a micro-lot represents 1,000 units of any currency. A one-pip movement for a standard lot corresponds with a $10 change.

For example, if you wish to buy 100,000 U.S. dollars, then you are buying a standard lot with 100,000 units as your trade size.

  1. Micro-Lot

    The equivalent to a contract for 1,000 units of the base currency ...
  2. Mini-Lot

    A currency trading lot size that is 1/10 the size of the standard ...
  3. Forex Mini Account

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  4. Forex - FX

    The market in which currencies are traded. The forex market is ...
  5. Forex Market

    The market in which participants are able to buy, sell, exchange ...
  6. Currency

    Currency is a generally accepted form of money, including coins ...
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