Instead of offering fixed trade sizes ( lots), the fxTrade platform is designed so traders may. In the past, spot forex was only traded in specific amounts called lots, or basically the number of currency units you will buy or sell.
Pip value affects profit/ loss when forex trading. Pip value depends on the pair you ' re trading and account currency.
Contracts that have standard sizes called lots in place to make online forex trading standardised around. You are of course doing business via online contracts.
If you' re ready to learn about Forex lot size, then go watch this video right now. " OANDA", " fxTrade" and OANDA' s " fx" family of trademarks are owned by.
What is a standard lot; When is a mini lot; What is a micro lot; What is a nano lot. If you are accustomed to trading in lots, the relationships are as follows:.
The standard size for a lot is.