## What is Lot/Volume?

Here is some discussion about lot/volume:

The lot is a lot easier. But when you go as a unit, it will seem complicated to you. So I will not go here as a unit but try to explain in a simple way. In the #Forex market we can profit from every pips movement. In other words, if the price goes from 1.1010 to 1.1020, we will have a gain or loss of 10 pips. By lot/volume we will determine how much profit or loss we will get if every pips go in our favor or against us.

We are dividing #Forex brokers into 3 parts for convenience.

Standard Lot Broker
Mini Lot Broker
Micro Lot Broker

1 lot in standard lot broker = \$ 10 / pips. But in mini lot broker 1 lot = \$ 1 / pips. And 10 lot = 1 / pips in micro lot broker.
So, if you open a trade with 1 lot on a standard lot broker and 10 pips go in your favor, your profit is \$ 10x10 = \$ 100. Even if there is a similar loss, it will be \$ 100.
But, if you open a trade with 1 lot on a mini lot broker and 10 pips go in your favor, your profit is \$ 1x10 = \$ 10. Even if there is a similar loss, it will be \$ 10.
And, if you open a trade with 1 lot on a micro lot broker and 10 pips go in your favor, your profit is \$ 0.1x10 = \$ 1. Even if there is a similar loss, it will be \$ 1.

Standard Lot Broker:

1 standard lot = \$ 10 / pips
0.1 standard lot = \$ 1 / pips
0.01 standard lot = \$ 0.10 / pips
10 standard lots = \$ 100 / pips
Mini Lot Broker:
1 mini lot = \$ 1 / pips
0.1 mini lot = \$ 0.10 / pips
0.01 mini lot = \$ 0.01 / pips
10 mini lots = \$ 10 / pips
Micro Lot Brokers:
1 micro lot = \$ 0.10 / pips
0.1 micro lot = \$ 0.01 / pips
0.01 micro lot = \$ 0.001 / pips
10 micro lots = \$ 1 / pips

Surely you understand the difference between a standard lot, mini lot, and micro lot. Brokers adjust the lot size as per their convenience. Most brokers will allow you to trade a minimum of 0.01 lots. That is, you can get a minimum pip value of 10 cents at a standard lot broker. But in Mini Lot Broker you can get the minimum pip value 0.1 cents. And in Micro Lot Broker you can get the minimum pip value of 0.1 cents. So if your capital is low, you can trade with low risk in the mini lot or micro lot brokers. Not only can you trade 1 lot, 0.1 lot, or 0.01 lot, you can also trade 2.5 lot, 1.3 lot custom lots if you want.

How do I know if my broker is a micro-lot, mini lot, or a standard lot?

You can trade in micro-lots on the micro account of #TradingPoint. If you don't know if your broker is a micro lot, mini lot, or standard lot, then ask the broker's live support. Many times it is also given on their website. Or open a demo account with them and open a trade with 1 lot. If you see that there is a profit or loss of \$ 10 per pips change, then you understand that it is a standard lot broker. And if you see that \$ 1 is changing, then you understand that it is a mini lot broker. If you change it by 10 cents, you will understand that it is a micro lot broker. But some brokers have different lot sizes for each account type.

The disclaimer:

CFDs and leveraged products, in general, carry a lot of risks, and yours
There may be a possibility of losing all the invested capital.

Attached Files:

Posted By sastroacha : 04 September, 2020
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