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1Grade 1: Market Basics
Market Foundations + Forex Mechanics · The Basics

Reading a broker statement

Decode every line item on a typical broker statement.

3 min read+25 XPLesson 9 of 110
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Market Foundations + Forex Mechanics

The Basics

Lesson 9 of 1108%
Lesson 9 of 110Market Foundations + Forex MechanicsThe Basics

Today's tiny win: make one idea click.

Decode every line item on a typical broker statement.

Learn itSpot itPass the check

Your statement is the receipt

A broker statement shows what actually happened in the account. It lists trades with entry, exit, size, and profit or loss. It also shows commissions, deposits, withdrawals, open positions, and end-of-period balance. If the chart is where you make decisions, the statement is where you check the truth.

A notebook page lists trades with entry, exit, size and P&L, commissions, swaps, and closed versus open P&L, teaching the main lines on a broker statement.Statement linesEntry, exit, size, P&LCommissionsSwaps (overnight)Closed vs open P&L
Wick saysYour statement is the receipt. It shows what really happened in your account.

Commissions are direct fees, often charged per lot or per side of the trade. Spread cost may not appear as a separate line because it can be baked into your entry and exit prices. Swaps, also called rollover, are overnight financing charges or credits. They do not only apply on weekends; they are tied to overnight rollover rules.

A clipboard marks only checking the balance with a red X and checks results by pair, by session, and fees, teaching a deeper way to review your statement.Better reviewOnly check the balanceResults by pairResults by sessionFees and swaps
Wick saysDon't just check the balance. Break results down by pair, day, session and setup.

Profit and loss has two pieces: closed P&L from trades you already exited, and unrealized P&L from positions still open. A useful review breaks performance down by pair, day, session, and setup. Many accounts are carried by one or two strong pairs while the rest quietly drain money.

Wick pays a coin labeled rollover at a toll gate named Swap, showing that holding a trade overnight can cost or pay a small financing amount.SwapCharge or credit forovernight holdsRollover$
Wick saysSwaps are overnight charges or credits, and they can apply any night, not only weekends.

Recap: read trades, size, P&L, commissions, swaps, deposits, withdrawals, open positions, and balance. Your statement tells you what your trading is really doing.

Knowledge check

Answer before moving on.

0 / 3 answered

1. What is closed P&L?

2. What are swaps or rollover on a broker statement?

3. What is a better review habit than only checking the ending balance?

Lesson handoff

Pass the check before saving.

Use the knowledge check first. After you pass it, this card turns into the save-and-continue handoff.