Now try that with the spread on an FX pair. This task will require you to use a trading account to carry out the exercise.
Goal: To work out the cost of spread on an FX spread bet
Exercise: In your broker’s platform find the GBP/USD pair and identify the spread charged. Take this and work out the total you would be paying if you placed a £3 a point spread bet.
Difficulty: 3/3
Time to complete: 15 minutes
Solution….don’t press play until you’ve done your bit:
