a mini lot is a currency trading lot size that is one-tenth the size of a standard lot of 100,000 unitsor 10,000 units.
From our discussion so far, it follows that one mini lot is equivalent to 0. 1 lot (standard lot), while one micro lot is equivalent to 0. It is important you note that your trade volumes must not be in a single unit of the standard, mini, micro, or nano lot. You can actually trade 2, 3, or more standard lots, mini lots, or micro lots as your account size (trading capital) allows you.
a mini lot is a lot of 10,000 units of a countrys base currency. It is called a mini lot because it is only 110th of the size of a 100,000 unit standard lot.
If you are new in forex trading, i strongly recommend you to use mini, micro or nano lots to avoid big losses.
When you open a 1-lot trade on a mini lot forex account, you buy or sell 10,000 units of the base currency instead of 100,000 as with a standard lot.
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