Recent content by hourtrader

Can anyone confirm I've got this correct? If I were to buy or sell 5 GBP/USD CFDs, what would the NTR be assuming the initial margin is 2%? I would calculate it as £1,000 as each GBP/USD CFD has a nominal value of £10,000 so 5 * 10,000 * 2% = £1,000 Correct??

Can anyone confirm I've got this correct? If I were to buy or sell 5 GBP/USD CFDs, what would the NTR be assuming the initial margin is 2%? I would calculate it as £1,000 as each GBP/USD CFD has a nominal value of £10,000 so 5 * 10,000 * 2% = £1,000 Correct??