The unit of volume for a trade; in forex one standard lot is 100,000 units of the base currency.
How it works
A standard lot (1.0) of EURUSD ≈ $10 per pip; a mini lot (0.1) ≈ $1/pip; a micro lot (0.01) ≈ $0.10/pip. Position size, not just direction, decides how fast you hit a drawdown limit.
At WICK FUNDED
WICK FUNDED lets you trade in standard, mini and micro lots on the in-house terminal, with live floating P&L and a risk monitor showing how each lot size moves you toward the daily and max drawdown.