Forex 101: Lot

12 Jan 2024. Friday.

So, you have everything ready to get started with trading. However, you stumble with the question – how much should I trade?

1 lot size? What’s a comfortable size?

1 lot – 100,000 units

0.1 lot – 10,000 units

0.01 lot – 1,000 units

With a capital of US$6,000, a good gauge would be an initial trade starting at about 0.06 lot size (in the context of trading with the currency pair, Eur/Jpy).

More would be explained in later days.

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