my question is about currency trade.
it is GBP/USD
Bank dealer X performed a number of foreign currency trades onthe sterling against the US dollar during this period. She tradesstandard contracts (size USD100,000) with a leverage ratio of1:200. The online broker takes a 5-pip spread on either side of thespot mid-rate. These were the dealer’s trades:
(the numbers are basded on reallife example)
1. when GBP1=USD1.2962, SOLD 5 CONTRACTS
2. when GBP1=USD1.2700, BUY 8 CONTRACTS
3. when GBP1=USD1.2632, SELL 4
4. when GBP1=USD1.2650, BUY 6
5. when GBP1=USD1.2800, SELL 5
QN: calculate the dealer’s net profit/lossafter all trades. assume there are no other costs involved exceptbid-offer spread.
Expert
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