Trader's Glossary

Micro Lot

1/100 of a standard lot. In forex trading, a Micro Lot represents 1,000 units of the base currency in a pair.
Did you know?

Papyri PCZ I 59021, which dates back to 259/8 B.C., shows the exchange of coinage in ancient Egypt.

Word of the day
"Risk Capital" - The capital that a trader can invest without being significantly affected in the event of loss.
Pro Tip

Always check transaction costs before opening an account (and keep in mind that cheap rates are no guarantee of reliability).