Q Does anyone know how to calculate the profit and loss of foreign exchange? If I buy a euro dollar at 1.2200 and sell it at 1. 1950, the current price is 1. 1500.

1.2200 to buy a hand of euro dollars, the current price 1. 1500 shows that you are going in the opposite direction, and it is a loss sheet. The loss calculation method is:

1.2200-1.1500 = 700 points, and the direction made a loss of 700 points, that is, -700 points.

1. 1950 sells euro dollars, and the current price 1. 1500 indicates that the direction is correct and it is a profit sheet. The profit calculation method is:

1.1950-1.1500 = 450 points, with a profit of 450 points.

The total profit and loss of the above two items: -700+450= -250 points, with a total loss of 250 points. In foreign exchange margin trading, the value of 1 standard lot and 1 spot is 1 USD (0. 1 lot and 1 spot is1USD), so when converted into USD, your total loss is $2,500.

Foreign exchange tips:

Representation of exchange rate: In the international foreign exchange market, the exchange rate is displayed in five digits.

Such as: Euro/USD1.3700; GBP/USD1.6070; USD/JPY) 82.50.

Minimum change of exchange rate: the minimum change unit of exchange rate is one point, that is, the change of the last digit.

Such as: Euro/USD 0.0001; GBP/USD 0.0001; Usd/JPY 0.0 1.

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