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what size and contract size the contract size the trading volume for a phalanx transaction the lot size is a unit of measurement theyre basically four different contract sizes lets have a look at each of them one nano lot equals 100 units of currency one micro lot equals 1,000 units of currency one mini lot equals 10,000 units of currency and one standard lot equals one hundred thousand units of currency from this slide you would have also noticed that one standard line equals ten mini Lots equals 10 micro Lots one micro lot equals 10 nano lots the unit of contract size is based on the base currency of the currency pair lets have a look at an example one mini lot equals ten thousand units of base currency if you want to trade one mini lot of euro dollar the base currency is the Euro and the volume is equivalent to ten thousand euros lets have a look at one more example one standard lot equals one hundred thousand units of the base currency if you would have trade one standard lot