Glossary

Notional value

The full value of the position you control, not the margin you put aside.

0.10 lot of gold is 10 ounces. At $4,000 an ounce, the notional value is $40,000. On a $1,000 account that is 40 times the account, however small the margin looks. Your profit and loss follow the notional value.

Related terms

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