- Sim101 balance is USD 100,000
- Enter Long on BTCUSD at Ask price 50,000 with Quantity 1
- Exit Order at Bid price 50,001
- Price delta is USD 1 on Quantity 1 == profit in money of USD 1.00 (exclude all overheads)
- Sim101 balance is now USD 100,001.00
Scenario 2:
- Sim101 balance is USD 100,000
- Enter Long on BTCGBP at Ask price 35,000 with Quantity 1
- Exit Order at Bid price 35,001
- Price delta is GBP 1 on Quantity 1 == profit in money of GBP 1.00 (exclude all overheads)
- GBPUSD Rate is 1.5000
- Sim101 balance is now USD 100,001.00
Questions:
- Why does Scenario 2 result in the same change in Sim101 account balance as Scenario 1?
- Shouldn't the change in balance of Sim101 be USD 1.50 (not 1.00), to account for BTCGBP being denominated in GBP?
Thanks.
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