I've been trading equities since 2001 and am looking to get into the forex market. I was browsing GFT's website and noticed that they charge something called a "settlement date adjustment"? If I'm understanding this correctly, my P/L can differ from the closing price depending on the current price of the settlement date? For example, if I bought a lot of EUR/USD for 1.27 on Monday and sold it for 1.37 on Wednesday, my profit will be calculated based on the price of the settlement date of Friday (T+2)? And if the price on the settlement date happens to drop to 1.27 would that mean I would break even? Do all brokers charge this adjustment? I searched the forums and couldn't find an answer. It's hard for me to comprehend this concept coming from equities since the P/L is based on the closing price of the stock.