Answered: In a One Day FX trade what is my…

In a One Day FX trade what is my potential profit and potential loss if I sell 400,000 units of the AUD/USD pair at 0.67252 with a PIP value of USD40, Stop loss at 0.66549 and Take profit at 0.68049

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 8E: Bell Greenhouses has estimated its monthly demand for potting soil to be the following: N=400+4X...

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Question

In a One Day FX trade what is my potential profit and potential loss if I sell 400,000 units of the AUD/USD pair at 0.67252 with a PIP value of USD40, Stop loss at 0.66549 and Take profit at 0.68049

Definition Definition Amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item

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