Hi all. I am fairly new to trading and have been dabbling mostly in forex with Interactive Brokers. I am currently trying to audit my personal trading journal to IB's reports. But so far I am becoming really confused.
From my limited understanding of MTM, it is just a different accounting method than Realized/Unrealized Profit/Loss. But shouldn't Realized + Unrealized = MTM at any given timeframe?
IB's Activity Report's MTM does not match Realized P/L (all closed) for trade categories. Nor does the Activity Report MTM match the Account Summary MTM.
Also at times, an individual trade's MTM(USD) / Proceeds (Cur) is no where near the cross-rate conversion. If needed, I can provide examples. Is there something I am missing? Any help is much appreciated!
From my limited understanding of MTM, it is just a different accounting method than Realized/Unrealized Profit/Loss. But shouldn't Realized + Unrealized = MTM at any given timeframe?
IB's Activity Report's MTM does not match Realized P/L (all closed) for trade categories. Nor does the Activity Report MTM match the Account Summary MTM.
Also at times, an individual trade's MTM(USD) / Proceeds (Cur) is no where near the cross-rate conversion. If needed, I can provide examples. Is there something I am missing? Any help is much appreciated!
Interactive Brokers Reports
