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Forex Trading What does ‘order volume’ stand for in a forex trade?
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Question by: Henry - 16 Sep 2016, 09:11:53
What does ‘order volume’ stand for in a forex trade?
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Answer by: Jeremy - 16 Sep 2016, 09:23:00

The term ‘order volume’ refers to the number of standard lots you want to trade. One standard lot equals 100,000 units of the first currency in the pair, i.e. the base currency. A volume of 0.1 lot equals 10,000 units of the base currency.

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