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?

The average daily trading volume in the foreign exchange market exceeds $5 trillion.

Word of the day
"No Dealing Desk (NDD)" - A No-Dealing-Desk broker passes its clients’ trades straight through to liquidity providers without intervening between the two parties.
Pro Tip

Do not open a real account before doing some demo-trading.