I recently realized that there are some strange units on the exchange that often cause confusion. Someone asked in the group earlier, how much is 1b? So I just want to summarize so everyone is clear.

So here it is, on trading platforms usually the units used are:

1K = one thousand
1M = one million
1E = one hundred million
1B = one billion (this is often a question)
1T = one trillion

The most common confusion I see people have is between 1E and 1B. Because at a glance they look similar, but they are very different. 1E is 100 million, but 1B is already 1 billion. So if your order is in units of 1B, it means a much larger amount.

I personally often miscalculate when trading quickly hehe. That’s why it’s really important to memorize these units so you don’t slip up on orders. Have any of you ever made a mistake with units too?