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Can the examiner strictly asks us to calculate the gain or premiums using tick method, cant I use yr method????
No he can’t – you can always do it either way 🙂
(Be aware what ticks are just in case he asks you to explain what they are in a written part of a question, but I will be surprised if he ever does.)
Which bit do you want me to elaborate?
You do not need to use ticks in calculation questions. I doubt he will ask you ever to explain, but I explain all about ticks in my free lectures (and I am not going to type out the lectures here 🙂 )
One tick is the smallest movement, which is 0.0001 in the case of exchange rate instruments, and 0.01 in the case of interest rate instruments.
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