Understanding Forex Series - What is a Standard Lot

http://www.mymanagedforexaccount.com - The Foreign Exchange Market (Forex) is market where currencies are actively bought and sold by banks, funds and investors. The Forex Market facilitates the conversion of one currency for another. It is the relative value of the base currency vs the value of the quote currency. Today we are going to talk about what is a Lot. A lot is the standard unit size of a forex transaction. Typically, one standard lot is equal to 100,000 units of the base currency. In other words, 1 standard lot controls $100,000 of the base currency. Many brokers allow you to break your transaction into smaller lots

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