Hey Guys! :5:
OK I’ve been reading this great forum for while and recently began school and demo trading. I wonder please if you can help me with a question about profit on a trade please?
Trade: I went long on EUR USD 1.36165 a trade of 20,000 units with T/P 1.36265 at 10 pips
Calculation: I calculated the profit at 14.6880
I calculated it like this: Units 20,000 x pip 0.0001 = pip value 2
pip value 2 / 1.36165 = profit per pip 1.4688
pips 10 x 1.4688 profit per pip = total profit for trade 14.6880
but paid profit into account = 12.6766
A difference of 2.0114 :43:
I would like to please understand the difference in profit, perhaps it could be the broker fee or commission or something similar that I am not aware of?
Thank you kindly for any feedback it is much appreciated! I really look forward to hearing from you and wish you happy trading! :21: