coindecimal:
n forex trading, lot sizes directly impact the risk that a trader takes; thus, it is the first thing that any trader should thoroughly comprehend before determining entry and exit locations.

One can have the most excellent trading strategy globally, but if you don’t grasp the lot size you should be utilizing, you’ll fail.

In a currency pair quotation, a lot size refers to the number of units of the base currency.

Put another way, the total quantity of base units a forex trader will buy and sell. In such a particular currency quotation, the base currency is the first currency that occurs.

The lot size with which you trade directly impacts how much a market shift affects your trading account.

Continue reading at https://coindecimal.com/lot-size-in-forex/