Can someone please explain

Hi all,

Newbee here asking an obvious question which I just can't seem to get my head around:

Can some please explain to me once and for all the differance between:
Lots, Mini Lots and Units (Oanda has them and you buy/sell them in the thousands)

Thanks heaps in advance

Puss

Hi,

Exmaple USDCHF:

Buy 1 Lot = Buy 100000 USD
Buy 1 Mini-Lot = Buy 10000 USD
Buy 1 Unit = Buy 1 USD

Oanda's Units are great, you can confortably trade with 100 USD account, you can increase your trade size as your account increases.

-soso

Thanks Soso

Your helps greatly appreciated