Contract size
The number of units in one lot of an instrument. For forex pairs a standard lot is 100,000 units of the base currency.
Related terms
Lot
A standardised position size. A standard lot is 100,000 units of…
Standard lot
100,000 units of the base currency, shown as 1.00 in most trading…
Account currency
The currency your trading account is held in. Profits, losses and…
Ask
The price at which the market will sell to you, so it is the price…
Base currency
The first currency in a pair. In GBP/USD it is the pound. Buying…
Bid
The price at which the market will buy from you, so it is the…