Contract size

You know that all goods and services bought and sold on the basis of fixed units.
We buy meat and selling it is kilogram unit.
And buy gold and sell unit is love.
It is rare to buy one product or service without unit sold because it makes somewhat complex calculation Moreover, it is unusual.
The currency is bought and sold on the basis of fixed units also called Unity Lott LOT.
They are less extent can be traded in the currency market.
Lot LOT: is the minimum can be traded in the currency market and can not be traded only or Bamadaafath.
You can buy a lot of the euro or 2 lots, 3 lots or 20 Lott ... Etc.
But You may buy Lott and a half or Lott and a quarter, but multiples only croaker.
But how much equals a lot of the euro or any other currency?
Varies depending on the brokerage firm that will deal with them ..
Called the equivalent value of a currency croaker size of the contract contract size.
Although the lot size varies from company to company but the lot size for most brokerage firms currently is 100,000 units of the base currency.
What does that mean?
This means, when you ask your purchase Lott euros will buy 100,000 Euros and will pay the price in U.S. dollars by price at the time, because the euro is the base currency against the dollar.
When you request to buy Lott LE will buy £ 100,000 and will pay - sold - against which the U.S. dollar by price at the time.
But when you ask to buy Lott yen will buy yen, equivalent to $ 100,000 because the dollar is the base currency against the yen. And when you ask for the sale Lott yen sold the equivalent of $ 100,000 Yen.
As well as for the Swiss franc Ftdma buy Lott requests will be buying Swiss francs equivalent to $ 100,000 and sold the equivalent of $ 100,000 of the franc in the case of a request selling the franc since the dollar is the base currency against the Swiss franc.
In any case if you find it difficult to understand what we explained, do not worry!!
Important because you will know later