Candleread

Forex basics

What is a lot in forex?

A lot is the size of your trade. A standard lot is 100,000 units of a currency, a mini lot is 10,000 and a micro lot is 1,000.

Think of lots like box sizes at a store. Same product, different amounts.

The bigger the lot, the more each pip is worth. On EUR/USD, one pip is worth about $10 on a standard lot, $1 on a mini lot and $0.10 on a micro lot.

Beginners usually start with micro lots so that each pip is worth only a few cents.

Same move, different sizes

  1. 1EUR/USD moves 20 pips.
  2. 2Standard lot: 20 x $10 = $200.
  3. 3Mini lot: 20 x $1 = $20.
  4. 4Micro lot: 20 x $0.10 = $2.

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This is taught in Grade 1: Market Basics.

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Reviewed 2026-10-04. Education only, not financial advice. Trading involves risk of loss.