Standard lot
100,000 units of the base currency, shown as 1.00 in most trading platforms. On USD-quoted pairs one pip is worth about $10.
With real data
Pip value of 1.00 lot (USD account)
Calculated from price data up to 6 October 2026.
In practice
Opening 1.00 lot of EUR/USD controls €100,000. With a 30-pip stop the risk is about $300, so a trader risking 1% per trade would need an account of around $30,000 to justify that size.
Starting with standard lots on a small account because the platform defaults to 1.00. Check the volume box before every order.
Related terms
Lot
A standardised position size. A standard lot is 100,000 units of…
Mini lot
10,000 units of the base currency, shown as 0.10 lots. On…
Micro lot
1,000 units of the base currency, shown as 0.01 lots and the…
Contract size
The number of units in one lot of an instrument. For forex pairs a…
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…