Understanding Account Statements
Henyep Investment account statements are provided in a format with
is approved by the FSA of the United Kingdom. In includes all
the information you need to know about your account. If you have
any questions about how to understand the information on your
statements, please contact customer service at anytime.
Each account statement has 5 different sections:
1. General Client information
This is the top part of the statement. It basically highlights
your account number, your name and the date/time of the statements
was issued.
2. Your Settled Positions
This is a list of the positions you have closed or liquidated.
When you close a position your profit or loss is locked in
on that trade. This section has several sub-sections, which
you will need to understand.
Ticket Number - The ticket number is simply your order number
on our automated system. It allows for the order to be tracked
in an efficient manner
Open Time - This shows you the time at which the order was
opened
Type - This shows you if you bought or sold the product
Lot - This shows you the number of contracts purchased with
each order
Item - This shows you the product which you have traded
Open Price - This is the price of the order at the time it
was executed
Stop Loss - This shows you the prices of the stop loss orders
you have placed
Take Profit - This shows you the prices of any limit orders
you placed
Close Time - This shows you the exact time at which your
order was liquidated or closed
Price - This will show you the price at which you closed your
order out
Commission - This shows you if there were any commission
charges on the closing of the order
Fee - This shows you the finance or storage fees for holding
certain positions
Profit/Loss - This will show you the exact level of profit
or loss you have received for that trade after all the charges
Total - This section will show you the total for all of
your closed positions in terms of commission, fees and profit/loss.
Margin Deposit/Withdrawal - This part shows you the money
you have credited or debited form your account
Credit Facility - This section is the floating profit or
loss of an order and is not applicable to the closed orders section
Net Floating Profit/Loss - This shows you the total profit
or loss you received for all positions
3. Your Open Positions
This is a list of all that positions you still have open in
the market. This means that these positions are still being affected
by the conditions of the market. This is just an overview taken
from the end of day prices of the product. The lay out of the
statement for these positions is the same as for the closed positions.
The only difference being that it has one different section entitled
Market Price. This is just the price at which your equity and
balance were calculated. It is effectively the current market
price but as the statement cannot show you a fluctuating price
it is the last price of the market before the statement was created.
4. Working Orders
This section of the statement shows you your limit orders and
stop loss orders that you have in the market. It also has the
same subsections as the open order section but without the last
3 columns. This is because these orders have not been filled
yet and thus have no effect on your margin, you do not pay commission
for an unfilled order and there are no fees for an order which
effectively is not filled.
5. Account Status
This is the final section of the statement and it shows you
an overview of your current account situation. It shows you how
much free margin you have to trade, floating profit and loss
for all positions closed and open as well as other useful brief
information about your account.
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