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We are talking about Forex market. I want to figure out what exactly happens when I process a transaction on this market.

Can you please correct me if I'm wrong:

Assume we are working on EURUSD pair with an EUR currency account. At time t, there is a Bid(t) price and an Ask(t) price.

If I decide to open a long position with volume v at time t and to close it at time t+n. My profits in EUR should be ((Bid(t+n) - Ask(t)) * v) / Ask(t+n) // converted back to EUR since I buy USD when I close the position.

If I decide to open a short position with volume v at time t and to close it at time t+n. My profits in EUR should be (Bid(t) - Ask(t+n)) * v // no conversion since I buy EUR when I close the position.

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