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Why all the lectures when calculate profit or loss sell price -buy price will divide 400
While nowhere in the past papers divide 400Of course they do!
But in most answers it is done indirectly because most of the answers use ticks.
I explain in the lectures that the value of 1 tick is the contract size x 0.01 / 400, and so the dividing by 400 is taken into account there.You are welcome to use ticks in the exam, but I think it is easier to do it the way in the lectures – it gives always exactly the same answer.
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