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?
Telephones and telex used for trading quotes were replaced in 1973, as Reuters introduced computer monitors.
Word of the day
"Front Running" - The illegal broker practice of promoting their own interests with foreknowledge of events that are likely to affect the market.
Always check if a broker is regulated before opening an account.