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What Is a Lot Size in Forex? A lot size in forex refers to the number of units of a currency you are buying or selling in a trade. In simple terms: Lot size = how big your trade is It directly determines: • how much you can make• how much you can lose• how […]

What Is a Pip in Forex? A pip in forex is the smallest price movement a currency pair can make based on standard market convention. For most currency pairs, a pip is: 0.0001 (the fourth decimal place) For example: Why Pips Matter in Trading Pips are how traders measure: • profit• loss• price movement• risk