What is the value for Lakh??

Hi all,

Like to know what is the value per pip for 1 lakh?
I know
1 micro lot = $0.10
1 mini lot = $1.00
1 standard lot = $10.00

But am not too sure what is 1 lakh = $........

Thanks for the help anyone??

Good day.

A lakh (Hindi: लाख) (also written lac) is a unit in the Indian numbering system equal to one hundred thousand.

Google says 100,000. Maybe it is means a standard lot of 100,000 units.

Found this, hope it helps.

http://www.kshitij.com/utilities/LnCtoMnB.shtml

Thanks for the link....

Is standard lot the biggest lot size traded in Forex?

If NO.....then what will be the next type of lot size traded? And what is the value per pip?

We know that, beside standard lot ($10.00 per pip) there is the mini lot ($1.00 per pip) then there is the micro lot ($0.10 per pip) and there are some broker offer nano lot ($0.01 per pip)

My question again:
Is there any other lot size traded besides those lot size mentioned? What is the value per pip if there is...........

Thanks......

The next size up I believe is called a "yard" and is basically a $1 million lot. So it would be $100 per pip. Typically reserved for large institutions and banks. I think dukas might offer it but not many other retail brokers do.

As far as a Lakh, I have no idea what you are talking about so I hope this helps some?

OK, so a lakh is 100,000.
But.... I always thought that a "yard" = a Billion.
$10K / pip

Thanks traderjai_inhi,

You the man...........
Went asking around in other forum.....no one can answer such simple Q; even their admin and moderator know nothing.....
So here I find you...............

Thanks.......
How long you been trading......Great man...........