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Rkr Forex Private Limited is a Private incorporated on 16 July It is classified as Non-govt company and is registered at Registrar of Companies, Delhi. Forex Factory is for professional foreign-exchange traders. Its mission is to keep traders connected to the markets, and to each other, in ways .
In Foreign Exchange, lots comprise how many units of currency in the trade. The smallest lot available is a micro lot which is a bundle of 1, units of currency often times referred to as 1k.
This means the smallest trade size you can make is in multiples of 1k. You can trade 1k, 2k, 3k, or k just so long as it is in multiples of 1k. Each 1k is referred to as a lot. In the example above, the trader would be placing an order for 15 lots since the trade size is 15k or 15, units of currency.
You may also hear terms like mini lots or standard lots. These are older FX terms that refer to larger trade sizes. Years ago, FX trading was conducted with a minimum trade size of k which was considered a standard lot. Then, as the big banks became better at processing the plethora of electronic trades from retail brokers , they were able to offer a mini lot which was 10k units of currency. Eventually, the minimum trade size was lowered to 1k which is called a lot or micro lot.
A yard of currency is 1 billion units. Naturally, the more lots you trade, the greater risk you are taking on. Newer traders need to realize the impact their trade size has on their account equity. Face jail for dressing inappropriately in public in Dubai. Salary increase for majority of UAE residents.
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Then, as the big banks became better at processing the plethora of electronic trades from retail brokers , they were able to offer a mini lot which was 10k units of currency.
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