What is a difference between Contracts and lot size?

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Old Dec 11, 2017, 12:01pm   #1
Joined Oct 2017
What is a difference between Contracts and lot size?

Hello,

What is a difference between Contracts/Positions and a lot size?

Is it like: 3lots = 3 contract for 1 lot ?
InwestorWkapeluszu is offline   Reply With Quote
Old Dec 12, 2017, 12:19pm   #2
Joined Jan 2006
A "contract" and a "lot" are the same things - they are used interchangeably.
The terms come from reference to futures contracts.

A trader might be long 3 lots - it's the same as saying the trader is long 3 contracts.

A "position" refers to someone's net exposure in an instrument and is generally always accompanied by the trade's directional bias, for example: 'I have a long position in EURUSD. My position comprises 3 contracts.'

Hope that helps.
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Old Dec 13, 2017, 9:38am   #3
Joined Oct 2017
InwestorWkapeluszu started this thread
Quote:
Originally Posted by options-george View Post
A "contract" and a "lot" are the same things - they are used interchangeably.
The terms come from reference to futures contracts.

A trader might be long 3 lots - it's the same as saying the trader is long 3 contracts.

A "position" refers to someone's net exposure in an instrument and is generally always accompanied by the trade's directional bias, for example: 'I have a long position in EURUSD. My position comprises 3 contracts.'

Hope that helps.
Yes, that really helps! You made it so easy for me thank You
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