How much is one lot? | Forex Factory

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How much is one lot?

  • #1
  • First Post: Apr 13, 2020 4:39am Apr 13, 2020 4:39am
I know that one lot on EURUSD is roughly 10$ but what about the other major currencies like USDJPY, GBPUSD, USDCAD, AUDUSD and USDCHF?

I would like to use lot size instead of risk percentage but cannot figure it out. Could anyone help?

And could anyone advice what "pays off" more in the long run? I want to use i.e. 1 lot on a 1000$ account per trade and when I reach 2000$ I increase to 2 lots and so on. Instead, if I would have risked say 1% per trade instead of a static lot size, what pays more in the long run? Obviously the lot size approach has increased risk when I reach a new level of account but risk decreases the more it grows (1 lot at 1000$ or 1 lot at 1500$ is a risk difference).

Thank you!
  • #2
  • Apr 13, 2020 8:59am Apr 13, 2020 8:59am
Greetings,

You can use the following app, it will help you to find out the pip value of a currency pair also position size calculator.

https://apps.apple.com/ae/app/fx-cal...s/id1427831135

The app is free of cost & please note that i am not associated with the developer. I found it helpful as i mostly trade from mobile. If you use desktop/laptop etc please search there are plenty pip value indicator & position size calculator available.

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It depends on your strategy. The percentage based approach is compounding & obviously highly rewarding. Compounding is considered the 8th wonder of the world, search it. You will be amazed to see what 1% per trade can do to your account in the long run.

Regards.
How big can you think!
  • #3
  • Apr 13, 2020 11:44am Apr 13, 2020 11:44am
[quote=RaysJourney;12872808]I know that one lot on EURUSD is roughly 10$ but what about the other major currencies like USDJPY, GBPUSD, USDCAD, AUDUSD and USDCHF?


For all currency pairs you can use the "Pip Valie Calculator" https://www.earnforex.com/pip-value-calculator/
  • #4
  • Edited 11:58am Apr 19, 2020 3:26am | Edited 11:58am
Quoting RaysJourney
I know that one lot on EURUSD is roughly 10$ but what about the other major currencies like USDJPY, GBPUSD, USDCAD, AUDUSD and USDCHF? I would like to use lot size instead of risk percentage but cannot figure it out. Could anyone help? And could anyone advice what "pays off" more in the long run? I want to use i.e. 1 lot on a 1000$ account per trade and when I reach 2000$ I increase to 2 lots and so on. Instead, if I would have risked say 1% per trade instead of a static lot size, what pays more in the long run? Obviously the lot size approach has...
You are in no position to be fantasizing about increasing size.

1 lot is, and always will be, 100,000 units of (edit) both currencies being traded(/edit)
Congratulations ScalaFX for coming out of the closet!
  • #5
  • Apr 19, 2020 8:56am Apr 19, 2020 8:56am
[quote=Robin68;12873542]
Quoting RaysJourney
I know that one lot on EURUSD is roughly 10$ but what about the other major currencies like USDJPY, GBPUSD, USDCAD, AUDUSD and USDCHF? For all currency pairs you can use the "Pip Valie Calculator" https://www.earnforex.com/pip-value-calculator/
thanks for your nice share , its a post from other forum ,
authority may be accepted this issue. thanks forex factory for your friendly attitudes.
  • #6
  • Apr 20, 2020 4:05am Apr 20, 2020 4:05am
Quoting RaysJourney
I know that one lot on EURUSD is roughly 10$ but what about the other major currencies like USDJPY, GBPUSD, USDCAD, AUDUSD and USDCHF? I would like to use lot size instead of risk percentage but cannot figure it out. Could anyone help? And could anyone advice what "pays off" more in the long run? I want to use i.e. 1 lot on a 1000$ account per trade and when I reach 2000$ I increase to 2 lots and so on. Instead, if I would have risked say 1% per trade instead of a static lot size, what pays more in the long run? Obviously the lot size approach has...
10$ is the pip value when trading 1 lot for any XXXUSD currency pair. But you probably know that too noob

https://www.fxpro.com/trading-tools/calculators/pip
  • #7
  • Apr 20, 2020 4:50am Apr 20, 2020 4:50am
1 lot is different for every instrument type;
if you are trading on forex pairs, 1 lot will be equal to 100,000 units.
  • #8
  • May 17, 2020 10:13pm May 17, 2020 10:13pm
A lot size is the number of currency units you will buy or sell in Forex trading. Lot size is also known as the contract size in forex trading.

The standard size for a lot is 100,000 units of currency, and now there are also mini, micro, and nano lot sizes that are 10,000, 1,000, and 100 units respectively.
LOT : NUMBER OF UNITS
• Standard :100,000
• Mini:10,000
• Micro:1000
• Nano:100
So, if you are buying 1 lot of EURUSD, you are essentially buying $100,000 (euro’s) by selling USD.

The number of units in a lot or the lot size varies for different kind if instruments.
  • #9
  • May 17, 2020 11:22pm May 17, 2020 11:22pm
1 lot in forex trading has always been 100,000 units which is a standard.
  • #10
  • Last Post: May 18, 2020 9:13am May 18, 2020 9:13am
Quoting nubcake
{quote} You are in no position to be fantasizing about increasing size. 1 lot is, and always will be, 100,000 units of (edit) both currencies being traded(/edit)
I heard the same about any currency. 1 lot is 100,000 of base currency. But 1 lot is 10 dollars I hear for the first time. Do not I know about anything?
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