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EURUSD
On 15th June 2011, around 08:00 GMT, the price of EURUSD was at
1.43200 (bid) - 1.43220 (offer).
You believe the Euro will weaken against  the dollar so you take a sell position with a trade size of 100,000 EUR ($10 per tick, 1 tick is 0.00010), at the offer price of 1.43200.
During the day, the Euro does fall against the dollar and by 20:00 GMT, the price had dropped to
1.41700 (bid) -1.41720 (offer).
You decide to realize the profit on this trade and you close your position at the offer price of 1.41720. So, the value of 1 Euro had effectively dropped from 1.43200 to 1.41720，a difference of $0.01480. As the size of your position was 100,000 EUR, your realised profit is equal to $0.0148 X 100,000 = $1,480.
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| SUMMARY
Open Price 1.43200
Close Price 1.41720
Difference 0.01480 (148 ticks)
Profit $1,480 |
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GBPUSD
On 15th June 2011, around 10:00 GMT, the price of GBPUSD was at
1.62900 (bid) - 1.62930 (offer).
You believe the British Pound will strengthen against  the dollar so you take a buy position with a trade size of 100,000 GBP ($10 per tick, 1 tick is 0.00010), at the offer price of 1.62930. You place a guaranteed Stop/Loss when you opened the trade at the level of 1.62430, ($500 maximum risk).
During the day the British Pound drops against the dollar and by 18:00 GMT, the price has fallen to 1.61800 (bid) -1.61820 (offer) .
Because you placed the guaranteed stop you are partially protected against this drop and your position is closed automatically around 13:00 GMT at the Stop/Loss level of 1.62430, realizing a loss of $500, (1 GBP dropped from $1.62930 to $1.62430, a difference of $0.00500. Therefore, as your trade size is 100,000 GBP, your loss is $0.005 X 100,000 = -$500).
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| SUMMARY
Open Price 1.62930
Closed Price (S/L) 1.62430
Difference 0.00500 (50 ticks)
Loss -$500 |
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