To trade forex effectively, you need to understand lots. Here’s a reminder of what lots in forex are and why they are important: Forex lots are units of measurement. They determine how many units of a ...

One standard lot is equal to 100,000 units of the base currency in a forex trade. Skip to content. ... so five represent 500,000 units. A trade of this size would generally be executed by ...

Standard forex accounts require order lots of 100,000 base units, Mini accounts are standardized at 10,000 lot trades, meanwhile the even smaller micro accounts allow 1,000 base unit trades.