What is the size of the contract in Forex and how is it calculated

What is the size of the contract in Forex and how is it calculated? contract size

To answer the previous question about the size of the contract and how we calculate the contract and from which we can calculate the value of the point in the twenty-sixth lesson of the course of free Forex education on our site

Lot lot is the least amount you can trade in a currency in the Forex market

For example, if you want to buy gold, the less expensive you have to buy is the gram

Here in Forex, the least Shi has to trade is Loot

You can trade with 2 Lot or 3 Lot and you can not trade with Lotte and a half

Only Lotte and multiples

This is called contract size

The size of the contract is different from that of another company, but most of the time, there are 20,800 units of currency

Example

If you buy EUR / EUR

It will buy 100,000 euros and be paid in US dollars

Of course, you will not enter this amount will be exploited here leverage that we previously explained in the Forex market or trading margin system available You can review the previous lessons to understand what it means

Now that we know the size of the contract well how do we know the value of the point

Now go to the next lesson in the course of teaching Forex on the site of Forex Cox to understand the good trading in foreign currencies step by step to pursue this field