mini lot

A middle-sized trading bundle of 10,000 units of a currency.

The fuller meaning

A forex lot of 10,000 units of the base currency, a tenth of a standard lot. On EUR/USD one pip is worth about 1 dollar per mini lot, so position size in mini lots equals money at risk divided by the stop in pips.

mini lot.

Related words

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