| Notional Value | |
 The total value of a leveraged position's assets. This term is commonly used in the options, futures and currency markets because in them a very little amount of invested money can control a large position (have a large consequence for the trader). |
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 For example, one S&P 500 Index futures contract obligates the buyer to 250 units of the S&P 500 Index. If the index is trading at $1,000, then the single futures contract is similar to investing $250,000 (250 x $1,000). Therefore, $250,000 is the notional value underlying the futures contract. |
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 Futures Fundamentals - For those who are new to futures but want a solid understanding of them, this tutorial explains what futures contracts are, how they work, why investors use them, and much more. Options Basics Tutorial - An introduction to the world of options, covering everything from primary concepts to how options work and why you might use them. A Primer on the Forex Market - Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers. |
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