What is 0.01 lot in forex?
I'm trying to understand forex trading, and I came across the term '0.01 lot'. I want to know what this means in the context of forex trading.
What is 0.01 lot price in forex?
I'm trying to understand forex trading and have a question about lot sizes. Specifically, I want to know what the price of 0.01 lot represents in the context of forex trading.
How much is 0.01 lot of gold?
Could you please elaborate on how to determine the value of 0.01 lot of gold in the context of cryptocurrency and finance? Specifically, what factors should one consider, such as the current market price of gold, the specific trading platform's lot sizing, and any potential fees or commissions? Additionally, is there a standard conversion rate or formula that can be applied to arrive at an accurate estimate? Thank you in advance for your insights.