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Yes, the size of the trading lot can significantly impact the overall cost of a trade and the potential profit or loss. The lot size is a crucial factor in determining the position size, which in turn affects the financial risk and reward of the trade.
Yes, the size of the lot in forex trading can significantly impact both the overall cost of the trade and the potential profit or loss. The lot size determines the quantity of currency units you are trading, and it directly affects the monetary value of each pip movement in the currency pair.