(a) Explain the terms Base currency, Quote currency, PIP, transactions cost and leverage in currency Trading. Suppose you buy Imiliion Euro (EUR/USD) at a Bid price of 1.07606 and an Ask price of 1.07626 and sell all Euro at Bid 1.07636 and ask 1.07646, what is your trade value, pip value USD, Gross profit, Transaction cost and Net profit in USD and PIPS. If the broker allows you a leverage of 40:1. Calculate the Margin amount. How do you Test your strategy with Buy and hold strategy