micro lot

A small trading bundle of 1,000 units of a currency, good for trading with small amounts.

The fuller meaning

A forex lot of 1,000 units of the base currency, a hundredth of a standard lot. On EUR/USD one pip is worth about 0.10 dollar per micro lot, letting small accounts keep risk near 1% with precise sizing.

micro lot.

Related words

24/7 market · after-hours · Asian session · ask · base currency · bid · bid-ask spread · Bitcoin · BSE · business income