Lot sizes

Can someone explain these to me. lol
How much money goes into each lot, how much are you risking with the diffrent sizes?

Read here please

http://forums.babypips.com/newbie-island/5428-confused-about-lots-pip-value-mt4.html

Nobody seemed to have an answer for this, perhaps I worded it worng. But incase someone else was wondering I thought I would put what I found…

Standard lot:
1 lot is $100,000.00
2 lots is $200,000.00
3 lots is $300,000.00

Mini Lot: is 1/10 of a standard lot
1 lot is $10,000.00
2 lots is $20,000.00
3 lots is $30,00.00

Micro Lot: is 1/100 of a standard lot
1 Lot is $1,000.00
2 Lots is $2,000.00
3 Lots is $3,000.00

And Lot profits:
1 standard lot:
1 pip = $10.00

1 mini lot:
1 pip = $1.00

1 micro lot:
1 pip = .10

Good, thats what it was mentioned in the reply to the other poster…

Quick clarification.

Standard lot: 100,000 units
Mini Lot: is 1/10 of a standard lot = 10,000 units
Micro Lot: is 1/100 of a standard lot = 1,000 units

Notice that I did not use the “$”. The trade size is denominated in the base pair. For example, a full lot of EUR/USD would be 100,000 EUR. At current rates that’s about $136,000.

In terms of pip values, for the non-USD based pairs (EUR/USD, GBP/USD, etc). the values are fixed as noted. For USD based pairs (USD/JPY, USD/CHF, etc.) pip values are variable.

WAs the $ sign wrong? Is it pips then instead of dollars??

The units of a lot are defined by the currency pair in question.

If you were to say a lot of USD/JPY, then that would be $100,000 because the USD is the base currency of the pair.

If, however, you are talking about a lot of EUR/USD, then your trade is 100,000 EUR. At an exchange rate of 1.36 that equals $136,000.

Your margin requirement is based on the value of your position in $ terms (assuming a USD demoninated account).