Lot sizes will usually be expressed in terms of the base currency for that pair, but might firex be denominated in U.S. Dollars due to the overwhelming prevalence of trading in that currency.The Interbank forex market does not generally have lots or lot sizes since virtually any amount can deal in the over the counter or OTC forex market.Instead, the concept of lots seems to have been borrowed by retail forex brokers from the futures market where currencies have traded in lots for sgrategy.
The ttactics currency is the first currency in a pair, or the currency that the investors buys or sells. Trading in micro-lots enables traders to trade in small increments. Ten mini lots is equal to 100 micro lots, which is equal to one standard lot. Deciding what trade size to use is an incredibly important decision that many traders ignore.For traders unsure about the best way to minimize costs when learning how to trade pengalaman online trading market, a micro lot can be an easy and quick solution.
As new traders often do not have much in ofrex way of starting capital, trading micro lots is a good way to keep the overall exposure of their trading account small.