Currency pair: EUR/USD (1.09793/1.09806) Long or Short: Long 1 lot of EUR/USD in CFDs Open price (ask):
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Question:
Currency pair: EUR/USD (1.09793/1.09806)
Long or Short: Long 1 lot of EUR/USD in CFDs
Open price (ask): 1.09806
Trade size: 100,000
Leverage: 10:1
Margin: 10%
Balance in account: $15,000
a) Calculate margin requirement and margin call
b) Calculate value per pips
c) Calculate payoff of the speculation
Days | Price (Bid/Ask) | Pips movement | Profit or loss | Margin Call | Balance | Profit(%) |
0 | 1.09793 and 1.09806 | |||||
1 | 1.09800 and 1.09811 | |||||
2 | 1.09804 and 1.09817 | |||||
3 | 1.09801and 1.09812 | |||||
4 | 1.09803 and 1.09813 | |||||
5 | 1.09806 and 1.09817 |
c) Calculate the payoff by using the table above with leverage of 1:1 and 50:1
Related Book For
Using Microsoft Excel and Access 2016 for Accounting
ISBN: 978-1337109048
5th edition
Authors: Glenn Owen
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