[Instant Help From 10$/Pg] Please See Attached

[Instant Help From 10$/Pg] Please See Attached

Please see attached…need help with the following questions under the III. Trading Profits Tab

Please refer to the PDF file “Speculating in Currencies” Page 3 is the basic idea of speculation page 5 tells you what prices you would use for direct and indirect pairs

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I am doing JPY (indirect)The corresponding example is page 8

1b. If you had speculated the day of DC1 by selling currency forward contract(s) that specify receipt of 1 million units of the foreign currency, and then settled up on your contract(s) the day of DC2, what would be your profit or loss? 

2a. If you had speculated the day of DC1 by purchasing currency futures contract(s) that specify delivery of 1 million units of the foreign currency, and then settled up on your contract(s) the day of DC2, what would be your profit or loss? 

2b. If you had speculated the day of DC1 by selling currency futures contract(s) that specify receipt of 1 million units of the foreign currency, and then settled up on your contract(s) the day of DC2, what would be your profit or loss? 

 

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