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How is profit in FOREX calculated?

Let’s suppose you purchased 1 lot EURUSD at 1.2291 and closed the position at 1.2391. What is the profit? Opening the position, you bought 100,000 EUR and sold 1.2291 * 100,000 = 122,910 USD. Closing the deal, you sold 100,000 EUR and bought 1.2391 * 100,000 = 123,910 USD. Your profit will be 123,910-122,910 = 1,000 USD.

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