Lot

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.
Pro Tip

Always check if a broker is regulated before opening an account.

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