Forex Lot sizes

Forex Lot sizes
Transactions can be conducted through a standard, mini, micro or variable lot sizes:
Standard lot sizes: The standard lot sizes accounts for 100,000 units of base currency. (The amount of margin should open standard varies widely depending on the balloon (margin) used.)
Mini lot sizes: mini lot size of accounts for 10,000 units of base currency (ten times smaller than the standard lot size).
Micro lot sizes: The micro lot size accounts for 1,000 units of base currency (ten times smaller than a mini lot size and a hundred times smaller than the standard lot size).