Units per lot

The number the whole formula rests on. What contract size means, what it is on gold and bitcoin, and why it is never assumed.

The formula has a 100 in it on gold. This lesson is about where that number comes from.

The definition

Contract size means units per lot. It is how much of the actual thing one full lot represents.

Everything else in the sum is yours. This one belongs to the product and the broker, and you look it up.

Contract size is units per lot, and it is the only input you do not choose.

XAUUSD is 100 ounces per lot. So one lot moves 100 dollars for every dollar the gold price moves.

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