Previous Page

Mini Lot

AnalyticsTrade Team
AnalyticsTrade Team Last updated on 26 Apr 2023

Table of Contents

Mini Lot

A mini lot is a trading term used to describe a trading contract that is worth one-tenth of a standard lot. A standard lot is the equivalent of 100,000 units of the base currency in a forex trade. A mini lot is 10,000 units of the base currency and is the smallest position size that you can trade with most brokers. Mini lots are a great way to trade smaller amounts of a currency pair with a smaller capital outlay. This is especially useful for traders who are just starting out and donโ€™t have a lot of capital to invest.

History of Mini Lots

Mini lots were introduced in the early 2000s as a way to make forex trading more accessible to smaller traders. Before mini lots, traders had to trade in standard lots, which required a much larger capital outlay. Mini lots allowed traders to trade smaller amounts of currency with a smaller capital outlay, making it easier for smaller traders to get involved in the forex market.

Comparison of Lot Sizes

Lot Size Units
Standard Lot 100,000
Mini Lot 10,000
Micro Lot 1,000

Summary

Mini lots are a great way to trade smaller amounts of a currency pair with a smaller capital outlay. Mini lots were introduced in the early 2000s as a way to make forex trading more accessible to smaller traders. For more information about mini lots, you can visit websites such as Investopedia, Forex.com, and DailyFX.

See Also

  • Standard Lot
  • Micro Lot
  • Forex Trading
  • Currency Pair
  • Base Currency
  • Margin
  • Leverage
  • Pip
  • Spread
  • Lot Size

Do you like the post? Share it now:

AnalyticsTrade Team

AnalyticsTrade Team

๐ŸŽ‰ Introducing AnalyticsTrade's exceptional team of expert analysts! ๐ŸŒŸ These seasoned pros have been dominating the capital market, trading a diverse range of assets for more than 15 years! ๐Ÿ“ˆ๐Ÿ’น Get ready to level up your game with our top-notch, captivating resources in the capital market! ๐Ÿš€๐Ÿ“š

Was this article helpful?

X

Thank You for Contacting Us!

Your email has been successfully submitted and we will get in touch with you shortly