What is Lot size? How to Calculate Lot Size in Forex Trading?

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This video will explain what lot size is in forex trading and how to find lot size.

All instructions and lot size calculator you can find at the line below:

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can you explain step 3, please? where did you get 10k divided with 1?

domenskrlec
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Sir, correct mi if I'm wrong. Because I am a newbie.
Micro Lot = 0.01
Mini Lot = 0.10
Standard Lot = 1.00

Thank you.

ryanhinlayagan