Trader's Glossary

Mini Lot

1/10 of a standard lot. In forex trading, a Mini Lot represents 10,000 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
"Liquidate" - To close an open position so as to take the resulting profits or limit further losses.
Pro Tip

Most market activity occurs when at least two market centres are open at the same time.