A trader created a real trading account. He deposited USD 850.00 in this account. He set the maximum leverage of 1:1000 for this account. He opened a Sell position for GBPUSD for 1.2 lots once the prices reached as ASK 1.25448 and BID 1.25432. Then he closed this position as soon as the market prices reached as ASK 1.25491 and BID 1.25480.
1- Calculate spread(in pips) once he opened the position.
2- spread (in pips) once he closed the position.
3- margin in USD.
4- profit or loss in USD after closing the position.