Basics
Standard Lot
100,000 units of the base currency.
Full Definition
A standard lot in forex represents 100,000 units of the base currency. It's the largest common lot size and typically moves approximately $10 per pip for major USD pairs. Standard lots are used by experienced traders with sufficient capital.
Example
Trading 1 standard lot of EUR/USD means controlling 100,000 euros. A 10-pip move equals approximately $100 profit or loss.
Related Terms
Apply Your Knowledge
Put this concept into practice with our free trading tools.