Lot
The standard unit of trade size. In forex, 1 standard lot = 100,000 units of the base currency; a mini lot is 10,000 and a micro lot is 1,000 units.
Lot standardizes the amount traded. In futures markets, every contract has its own size (for example, an E-mini S&P 500 contract is $50 per index point).
Lot choice translates directly into risk: at the same stop distance, opening 0.1 lot instead of 1 lot cuts risk to a tenth. Lot size is set by the risk you accept, not by your target.
Related terms
Where it appears in the guides
Guides whose text uses this term; most frequent first.
- Pozisyon büyüklüğü: %1 kuralı ve ötesiRisk & money management
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- Spread, komisyon, swap ve gizli maliyetlerGetting started with trading