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Questions tagged [micro lot]

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Andrea Andrea Mon Dec 16 2024 | 5 answers 1524

Is 0.01 a micro lot?

I am trading forex and I am trying to understand the trading volumes. I have heard about micro lots and I am wondering if 0.01 is considered a micro lot. Could someone clarify this for me?

Is 0.01 a micro lot?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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