Lot size and tick size

Lot size is how much one contract covers, like 100 troy ounces for COMEX gold or 1,000 barrels for WTI; tick size is the smallest price step. One tick on one lot of either is worth ten dollars. The Module 0 quiz runs on a fifty-unit lot; Mochatrade sizes go far smaller, which puts sizing on you.

Go on

On MochatradeSee what you can trade on Mochatrade
  • COMEXCOMEX is the New York exchange, part of CME Group, where benchmark gold, silver and copper futures trade. Globex runs…
  • Mini and micro contractsMini and micro contracts are smaller versions of a standard futures contract: micro gold is 10 ounces against 100…
  • Spot price vs futures priceThe spot price is for delivery now; the futures price is for delivery later, and the gap is the cost of carry, which…
  • Troy ounceA troy ounce is 31.1035 grams, the unit gold, silver, platinum and palladium are priced in, about 10% heavier than an…
  • Commodity tradingCommodity trading is buying and selling the price of raw materials like gold, oil, gas and copper, almost always…
  • Leverage ratioThe leverage ratio is position value divided by margin: ₹50,000 on ₹10,000 is 5x. One over the ratio is how far the…

Educational content only. Not investment advice. Leveraged products magnify losses as well as gains.

Where it comes up