In most currency pairs, 1 lot represents 100,000 units of one of the currencies, usually the second currency. For example, 1 lot of EUR/USD equals $100,000. Luckily, almost all Forex brokers allow clients to trade in quantities as small as 0.01 lots (1 micro lot, equaling $1,000), as well as offering leverage, which means you don’t need to deposit $100,000 or even $1,000 to make a trade.