I'm trying to figure out the value of 2 micro lots. I need to know how much this amount represents, probably in terms of a financial instrument or currency.
5 answers
GwanghwamunPride
Sat Dec 07 2024
A micro forex lot represents a fraction of the standard trading lot size in the foreign exchange market.
Caterina
Fri Dec 06 2024
Specifically, it is one-tenth the size of a mini lot, which is itself a smaller version of the standard lot.
Chiara
Fri Dec 06 2024
In terms of currency units, a micro forex lot is equivalent to 1000 units.
BitcoinWarrior
Fri Dec 06 2024
This makes it an accessible option for traders with limited capital, as it allows them to participate in the market with smaller stakes.
Dreamchaser
Fri Dec 06 2024
BTCC, a top cryptocurrency exchange, offers a range of services beyond forex trading. These include spot trading, futures trading, and wallet services.