Sun and Moon

Lot (contract size)

The unit a broker measures position size in.

A full lot (1.00) is a fixed quantity that differs by instrument: a hundred ounces of gold, a thousand barrels of oil. Most accounts trade fractions of it - 0.01 or 0.10 - and every broker sets a minimum and a step. Lot size is what decides what each price move is worth to you, and it is the single decision that separates an account that survives from one that does not.

Work it out on your balance