Financial contracts are measured in lots. Find out what they are and how they came about.
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Terms of the Trade Articles
The word “lot” has shifted from being a biblical name through its traditional meaning of one’s destiny to today’s synonym for “many”. Today it is the basic unit for forex trading contracts
Learn about the development and importance of Commodity indexes, such as the Dow Jones-AIG Index and S&P GSCI, as well as what drives their pricing.
Learn to calculate the rate of a pip for both base and counter currencies in a forex pair.
