Recent content by nidayaqoob1230

One thing I dont understand when currency trading. take AUD/USD for example. If I say, go long 1m AUD/USD, that means I'm buying one million of AUD and selling 1,027,050 of Aussia dollars (assuming an exchange rate of 1.02639) - please correct me if this is wrong. Why is it then, then the P&L...