Examples
SELLING USD/JPY ContractA USD/ JPY contract consists of 100,000 USD and well is quoted with spread of 5 points (and minimum quote fluctuation of 0.01) margin requirement is $ 1000 per contract. A client believes that the US Dollar is overvalued and will weaken against the Japanese Yen. To exploit the situation the client intends to sell USDJPY. USDJPY is quoted at 117.30/35. The client sells (5 ) lots at 117.30. This requires a total deposit of $5,000. The client requires a minimum deposit of $1,000 for each position. The US Dollar does in turn weaken dramatically against the Japanese Yen and prices therefore fall to 116.25/30. The client reacts to the news by closing his position he therefore BUYS (5) lots of USDJPY at 116.30. The client has made exactly 100 points. (117.30-116.30). If the client SOLD USD/ JPY at 117.30 and bought back at 116.30 then the 1.00 profit will be represented in US Dollars as ( 117.30 – 116.30 ) * 100,000 / 116.30 = $ 859.85 per contract . This results in a total profit of $ 4299.25 (859.85 * 5 contracts).
Interest adjustments will only be enforced if the client holds positions into future trading days, rather than settling positions (with an equal and opposite position) intra day. |
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Buying STERLING DOLLAR ContractA GBP/USD contract consists of 100,000 GBP and well is quoted with spread of 5 points (and minimum quote fluctuation of 0.0001) margin requirement is $ 1500 per contract. A client believes that the Sterling is undervalued and is due to rise in the future against the US Dollar. To exploit the situation the client intends to buy GBPUSD. GBPUSD is quoted at 1.8940/45. The client buys 5 lots at 1.8945. This requires a total deposit of $7,500. The client requires a minimum deposit of $1,500 for each position. GBPUSD prices fall to 1.8900/05. The client reacts to the news by closing his losing position; he therefore sells 5 lots of GBPUSD at 1.8900. Therefore the client has lost 0.0045, or 45 points (1.8945 – 1.8900). If the client BOUGHT at 1.8945 and SOLD back at 1.8900, then the 0.0045 loss will be represented in US Dollars as: (1.8900 – 1.8945) * 1 * 100,000 = – $450 per contract. This results in a total loss of $2,250 ($450 * 5 contracts).
Interest adjustments will only be enforced if the client holds positions into future trading days, rather than settling positions (with an equal and opposite position) intra day. |
I’ll gear this review to 2 types of people: current Zune owners who are considering an upgrade, and people trying to decide between a Zune and an iPod. (There are other players worth considering out there, like the Sony Walkman X, but I hope this gives you enough info to make an informed decision of the Zune vs players other than the iPod line as well.)
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The new Zune browser is surprisingly good, but not as good as the iPod’s. It works well, but isn’t as fast as Safari, and has a clunkier interface. If you occasionally plan on using the web browser that’s not an issue, but if you’re planning to browse the web alot from your PMP then the iPod’s larger screen and better browser may be important.
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I’ll gear this review to 2 types of people: current Zune owners who are considering an upgrade, and people trying to decide between a Zune and an iPod. (There are other players worth considering out there, like the Sony Walkman X, but I hope this gives you enough info to make an informed decision of the Zune vs players other than the iPod line as well.)
If you’re still on the fence: grab your favorite earphones, head down to a Best Buy and ask to plug them into a Zune then an iPod and see which one sounds better to you, and which interface makes you smile more. Then you’ll know which is right for you.
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