Forexgen Currency exchange is like any other exchange commodity. That means that the same rules applying on other commodities must apply on currencies too. One of the most important properties of commodities is a precise rating of quality, for example when looking at gold as a commodity, gold bars must be at least 99.5% pure gold and on the other hand petroleum is divided into certain grades and the highest grade is the "Brent".Another property of exchange commodities is an agreed minimum quantity which can be traded on the exchange platform. For example gold and other metals are measured in Troy Ounces which is equal 31.1035 grams, in Chicago gold exchange the minimum gold lot is 100 ounces. Also petroleum is measured in barrels and on the London petroleum exchange the minimum lot is 1000 barrels. Currencies on the other hand in the London Financial future stock exchange, 1 lot equals 1000000$.
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