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Related Terms. What Is Standard Lot. Definition in Forex and Calculating Lots A standard lot is equal tounits of the base currency in a forex trade. Source is one of http://blogforex.tech/leverage/money-exchange-history.html four lot click here. The other three are mini-lot, micro-lot, and nano-lot.
A pip is the smallest price increment fraction tabulated by currency markets to establish the price forex expert advisor a currency pair.
Base Currency: Definition, Example, vs. Quote Currency The first currency quoted in a currency pair on forex expert advisor. It is also typically http://blogforex.tech/foreign/forex-exam.html the domestic currency or accounting currency. The name is a portmanteau of the words foreign and exchange. What Is a Cross Rate. Defintion and Examples of Major Cross Rates A cross rate is a transaction in which any two currencies are exchanged for values that are forex expert advisor in a third currency.
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