Hiya,
Thnx a lot for school! but I don’t understand this:
“EUR/USD at an exchange rate of 1.1930: (.0001 / 1.1930) X 100,000 = 8.38 x 1.1930 = $9.99734 rounded up will be $10 per pip
GBP/USD at an exchange rate of 1.8040: (.0001 / 1.8040) x 100,000 = 5.54 x 1.8040 = 9.99416 rounded up will be $10 per pip.”
This is not logically correct: " (.0001 / 1.1930) X 100,000 = 8.38 x 1.1930 " also " (.0001 / 1.8040) x 100,000 = 5.54 x 1.8040"
even if you do this 0.0001 X $100K= $10, so why you multiple and then divide to same number, while equations is not mathematically correct and logically doesn’t have mean?
Thnx