Do they mean the same thing

JoBa

Trader
Mar 19, 2011
2
0
12
Hi

I am new to forex, and wanted to know, is there a difference between lot size and position size?

It's just that alot of websites seem to imply that they mean the same thing, but i just want to make sure.

I have already calculated the position size, and then i was going to calculate the lot size until i realized they might mean the same thing?
 

akuvision

Trader
Apr 17, 2011
4
0
17
malaysia
i think position size is how many lot do you wish to trade
i.e. 1 standard lot is 100,000 unit and you wish to trade 2 lot = 200,000, that 2 lot is your position size, i think!
 

scott001

Trader
Jun 10, 2011
3
0
17
California
Hi

I am new to forex, and wanted to know, is there a difference between lot size and position size?

It's just that alot of websites seem to imply that they mean the same thing, but i just want to make sure.

I have already calculated the position size, and then i was going to calculate the lot size until i realized they might mean the same thing?

It is basically the same thing, however slight difference, a position size can be bigger than lot size (if you have multiple lots) but not smaller than lot size.
 

DonnaMag

Trader
May 15, 2011
27
0
12
A lot is a unit of measurement, such as inch of Kilometer. One lot is 100K, 0.5 lot is 50k or just 0.5. The position size is the actually the lot size. So if I calculated that my lot size is 0.5, you can also say that your position size is 0.5. Let me know if you need more examples.
 

JessForex

Trader
Apr 22, 2011
26
0
12
A standard trading term referring to an order of 100,000 unit. Currency pairs are usually traded in units of 100,000 (standard lots), 10,000 unit (mini lots) or 1,000 (micro lots) meaning buying / selling 100,000 of the base currency while selling / buying the equivalent number of units of the counter currency. For example, if you open open a long position of one lot for EUR/USD for the ask price of 1.4000, you are purchasing 100,000 Euro while, selling 140,000 USD.