How do you read a broker statement?

Statements use columns of jargon: commission, swap, gross P/L, net P/L, balance versus equity. Beginners often can't reconcile what the platform showed with what the statement says.

How do you read a broker statement? — bid-ask spread diagram
The bid-ask spread on a currency pair

What confused you on your first statement?

  • the column you misunderstood
  • how you eventually matched platform numbers to statement numbers
  • anything your broker's statement leaves unclear
How do you read a broker statement? — risk-reward diagram
A risk-reward ratio of 1 to 2

Post your questions here; the community can decode them. The trading costs guide explains the fee columns.

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