Contract size
You know that all goods and services bought and sold on the basis of fixed units .
We buy meat and unit sold is the kilogram.
And buy gold and sell it is the unity of love
We buy meat and unit sold is the kilogram.
And buy gold and sell it is the unity of love
And currencies are bought and sold on the basis of fixed units also called Unity ( Lout )
A minimum can be traded in the currency market .
lout : Is the minimum can be traded in the currency market can not trade without it or Bamadaafath.
You can buy a lot of euros or 2 or 3 Lute Lute Lute, or 20 ... Etc.
But "You can not buy a lot and a half or a quarter of Lott, but only in multiples of-Lout .
But Am is equal to the lot of the euro or any other currency?
Varies depending on the brokerage house that will deal with them ..
Called the equivalent value of a currency meager size of the contract
In spite of that lot size varies from one company to another, but the lot size for most brokerage firms is currently 100.000
Unit of the base currency
What does this mean?
This means that when you buy a lot of requests euros will buy 100.000 euro and will pay the price in U.S. dollars as the price
Time , Because the euro is the base currency against the dollar
When required to purchase Lot 100.000 pounds will buy and will pay £ - sold - against which the U.S. dollar as the price in
That time
But when asked about buying yen will buy a lot of yen, the equivalent of 100.000 U.S. dollars because the dollar is the base currency against the yen. When
Requests the sale lot sold yen equivalent of $ 100.000 yen.
And therefore for the Swiss franc Ftdma ORDERS Lott Swiss francs will buy the equivalent of $ 100,000 and sold the equivalent of
$ 100,000 of the franc in the case of sale where the franc that the dollar is the base currency against the Swiss franc
In any case if you have difficulty in understanding what we explained, do not worry ..!!
Because what is important will know after a few ..
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