Lesson 4 · Beginner

Understanding Lots

Standard, mini and micro lots, and how they scale pip value.

5 min read

Three standard sizes

A standard lot is 100,000 base currency units, a mini lot is 10,000 and a micro lot is 1,000. Each step changes pip value by a factor of ten.

Key takeaways

  • Standard = 100,000 units
  • Mini = 10,000 units
  • Micro = 1,000 units

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