Worldwide Finance & Investment ( Forex )

Worldwide Finance & Investment ( Forex )

The time now is Sun Jul 06, 2008 7:00 pm

30th June 2008 Tips: Euro may drop against Dollar after ecb Rate Meeting . 1.5400 level

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you buy the Euro at the price of 1.5350. As a result of this transaction we get: $ 100,000 x 1.5350 = $ 153,500. 00.When the rate changes , you close the position and sell the Euro for dollars, at the rate of 1.5450. You get ($0.10 / pip x 100,000 ) = 1000 dollars. Your profit is $ 1,000.00.

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