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.
Did you know?
U.S. President Richard Nixon is credited with enabling a free-floating currency system after ending the Bretton Woods Accord.
Word of the day
"Coincident Indicator" - An economic indicator that shows the current state of the economy of a particular area. The GDP, for example, is one of the most significant coincident indicators.
Be wary of promises and bonuses. If something sounds too good to be true, then it most probably is.