Hi, I have big doubts about the profits calculated by Alpari.
I bought 0.02 lot USD/CHF at 1.0850 and the current price is say 1.0939. So the profit in USD should be (1.0939-1.0850)/1.0835 x 2000 = 19.1970 dollars.
My account is in GBP, and 1 pound is 1.1612 USD, so my profit should be 19.197/1.612 =11.9 pounds. However Alpari shows my profit is only 9.5* pounds.
Did I make any mistake on the calculation? Thanks for any help.
I bought 0.02 lot USD/CHF at 1.0850 and the current price is say 1.0939. So the profit in USD should be (1.0939-1.0850)/1.0835 x 2000 = 19.1970 dollars.
My account is in GBP, and 1 pound is 1.1612 USD, so my profit should be 19.197/1.612 =11.9 pounds. However Alpari shows my profit is only 9.5* pounds.
Did I make any mistake on the calculation? Thanks for any help.