In Forex trading, a lot refers to the standard size of a trade. It represents the number of currency units you buy or sell. There are three main types of lots: standard, mini and micro. A standard lot represents 100,000 units of the base currency, a mini lot represents 10,000 units, and a micro lot represents 1,000 units. Lot sizes determine the potential gains and losses on a trade, as well as margin requirements. Volume in forex trading is the number of lots traded in a given period of time, so says fbs bonus. It gives an idea of the liquidity and market activity of a currency pair. On trading platforms, volume is often displayed as a histogram showing the number of lots traded at different price levels. Analyzing volume patterns can help traders identify significant price movements and potential trading opportunities.