I'm trading cryptocurrencies and I want to know the value of 0.01 lot size. I need to understand how much this amount represents in my trading account so I can manage my positions and risks accordingly.
7 answers
DreamlitGlory
Fri Dec 06 2024
However, there are also smaller lot sizes available for traders.
Giulia
Fri Dec 06 2024
A standard lot in financial trading represents a substantial volume.
WhisperInfinity
Fri Dec 06 2024
Specifically, it consists of 100,000 units of the base currency.
alexander_watson_astronaut
Fri Dec 06 2024
This size is commonly used in the foreign exchange market.
Leonardo
Thu Dec 05 2024
The mini lot is one-tenth of a standard lot, equivalent to 10,000 units.