[ol]
[li]Client SHORT SELLS EUR/USD at 1.1585 and takes profit at 1.1320
[/li][li][B]Position size 5.5 LOT[/B]
[/li][li]Profit = 12 914.31€
[/li][/ol]
Please show me the calculation. Maybe I’m misunderstanding something. I came up with tp should have been at 1.1313
[B]edit:[/B] Is it correct that this person made 12 914.31€, if takeprofit was at 1.3200? Profit is in Eur
[/li]
I don’t understand the question. If you short the EUR/USD at 1.1585 and close your trade at 1.1320, then you’ve made 265 pips profit. On one lot, that’s clearly $2,650 (less any dealing costs, if not already included).
The calculation for one lot is (11,585 - 11,320) x $10 = $2,650, because one lot represents $10 per pip.
I think so, yes. But I can’t tell what, from your question - sorry.
Agreed. Obviously the answer depends on your position size.
I agree with Lexy, and Blackwave…
Can you give us more details?
The numbers are still the same, though?
What was the [I]position-size[/I] of the transaction? (How many Euros were originally sold, at the start?).
Sorry, I can’t actually read it at all.
5.5 lots does sound about right, though, at the exchange-rate you mentioned. (I made it 5.51 lots when I worked it out, I think). €12,914.31 for 5.5 lots is €2,348.056 per lot, and that’s $2,657.99 per lot, at an exchange-rate of 1.132, so it looks about right, anyway?
I should add that it is unwise to place a position size based on how much money you want to make. Obviously it should start with taking a sensible risk based on the size of the equity in your account. History is littered with guys who set out to make the market buy them a fur coat but the market took their shirt instead.
PS: Good trade! 
265 pips = 2650$ * 5.5= 14575$ ~ 13 135 Euros (different about 200 eur from 12 914 EUR), maybe swap or commission went along with the profit.
