Forex and CFDs · Rookie
Lot size
Also searched as: lot, lots
What does Lot size mean?
Lot size is the quantity of an instrument represented by a trading lot. The contract specification determines the units and any smaller lot increments.
Example
A trade of 0.5 lots is half the quantity represented by one lot of that instrument.
Illustrative example; not a provider’s quoted offer.Why it matters for prop traders
A lot of gold, an index CFD and a currency pair need not have the same exposure or tick value.
Sources and further reading
The following primary sources support the terminology. Provider rules describe their own products and may change.