Forex lot sizes

A standard lot is the equivalent to 100,000 units of the base currency in a forex trade. A standard lot is similar to trade size. It is one of the three commonly known lot sizes; the other two are mini-lot and micro-lot. I always trade with small trading lot to evade risk.
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If you have huge capital or equity, you can increase your lots, but it has to be in the appropriate proportion to your capital. The risk factor is calculated based on how much you have and how much you want to buy/sell
Among new traders news trading is popular. They will open trades on big economic events whether they understand or not. During news time, as a result, many accounts get swept away. To trade on news before long, the best thing is not to apply this.
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