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Forex Trading Lot Sizes / Strategies
avatar Fxcarebear
Question by: Fxcarebear - 30 Mar 2016, 06:28:43
Lot Sizes / Strategies
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Answers (1)
avatar user 8960
Answer by: Pipmaster - 30 Mar 2016, 06:41:49

1 lot for currencies means 100 000 units of base currency. Example: Let's say now GBPUSD 1.55 (1 pound=1.55 USD). You buy 1 lot GBPUSD. That means you buy 100 000 pounds and sell 155 000 USD. 1 lot for Gold means 100 ounce 1 lot for Silver 5000 ounce

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