Lot size

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Lot size - the volume of the base currency, goods, or the number of shares indicated in the contract specification. The lot size depends on the amount of the currency specified in the contract. It is a unit of measurement in determining the size of a trade agreement. Lot has a certain size, that provides for the definition of currency, on which financial transactions on the Forex market. To effect a transaction, the client determines the size of them committed the transaction, which is expressed in number of lots. The volume of trading transactions indicates the number of currencies will make a deal. Lot - is the size of the contract, which is a fixed amount of currency used in transactions in the Forex market.