The standardised quantity of financial instruments and underlying assets. In forex trading, one lot represents 100,000 units of the base currency in a pair.
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In terms of trading volume, the FX market is by far the largest market in the world.
Word of the day
"Boiler Room" - Initially used in reference to fraudulent brokerages set up with the purpose of offloading unwanted securities of the firm’s owners, the term is now synonymous with companies that employ high-pressure selling tactics while also misrepresenting the products that they offer.
There is no get-rich-quick formula. If someone promises you one, take a step back, and then run as far away from them as possible.