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To calculate your profit from buying 10,000 units of GBP/USD at 1.30 and selling them at 1.35, you can follow these steps:
- Calculate the Purchase Cost:
- You bought 10,000 units at 1.30.
- Purchase Cost = 10,000 units × 1.30 USD/GBP = $13,000.
- Calculate the Selling Price:
- You sold 10,000 units at 1.35.
- Selling Price = 10,000 units × 1.35 USD/GBP = $13,500.
- Calculate the Profit:
- Profit = Selling Price - Purchase Cost
- Profit = $13,500 - $13,000 = $500.
Therefore, your profit in US dollars from this trade would be $500.
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