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Understanding the Language of Forex Currency Trading
Customer account statements in any field of finance can be confusing and even a little scary. Unfortunately, forex statements are frustrating nearly all the time. FX statements are very user-unfriendly and should be viewed as "armed and dangerous." Each firm's statement looks different from those of other firms depending on the back-office computer platform used.
Most customer account statements are never seen or reviewed by a regulatory agency and may have many inaccuracies, so the trader's ability to accurately analyze the statements is extremely important. There are basically three types of systems for producing statements: proprietary systems, standardized systems, and homemade systems.
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