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Part Of. Related Articles. Partner Links. Related Terms. What Is Standard Lot. Definition in Forex and Check this out Lots A standard lot is equal tounits of the base currency in a forex trade. It is one of the four lot sizes. The other three are mini-lot, micro-lot, and nano-lot.
How to trade pennants. Wait for a breakout of the Pennant pattern to enter into the trade. Flag Pattern Flag pattern is similar to pennant pattern. Flag charting patterns can be formed during the retracement of the trend.