LESSON 9. Lot
Historically, spot Forex trading was only available in specific amounts of base currency called lots.
Standard size of a lot equals to 100 000 units of a base currency. Later on, when Forex market opened for traders with smaller capital, a mini and even a micro lot became available.
You may see that the smallest lot is a micro lot (1 000 units of a base currency). Lot size depend on brokers conditions of trading accounts