Now it’s your turn. At this point of the course we have set a task to reinforce what we’ve shown you. This task will require you to use a trading account to carry out the exercise. You can set up a free practice trading account here.
Goal: To understand what notional is and how to calculate it.
Exercise: In your broker’s platform, work out what the notional is for a £1 spread bet on the Wall Street 30. Do the same for cable (GBP/USD).
Difficulty: 3/3
Time to complete: 10 minutes
Solution….don’t press play until you’ve done your bit: