Although the Forex market is built on a very simple system, it is vital to know some technical details. These technical details will help you to create a buy and sell balance. It will also help you with which branch and which area you can invest in, as well as your positions in these areas. Forex terms and technical words can not continue to exist precisely on the market. Serious risk and loss may occur. So once you are sure that you have completed your training, you will have the benefit of starting work.
One of the most important technical terms used in Forex is Lot. We will examine the concept of lot in this article. And we will look at the impact of the Lot on Forex. If you’re ready, here’s all the directions with LOT …
Lot in Forex
Almost everyone who trades in Forex uses the same terms. This ensures continuity and simplicity of operations. The lot that will stand out in the purchase and sale of investment instruments is one of the important terms. It will be a very important step to know what lot is. Lot; meaning to divide, to divide. When used in Forex, it shows the size of the process you are doing. So, if you do a lot of trading in Forex, you will get 100,000 units. And this is a great advantage for investors. Because it is possible to process under 1 lot. The reason for this is to ensure that small investors take part in the markets.
The fact that Forex is also open to operations under one lot has made it possible to divide the lot concept into three parts. There are 3 different types as micro, mini and standard lot. The micro lot has a value of 0.01. Its size is 1,000 units. The micro lot is the ideal size for those who enter the market with the smallest accumulation. The leverage system in Forex can open positions at high levels, even if they are entered in small amounts. In this way, even such investors can have high profits.