I have just started trading Forex and it is been my second month. So far I did about half-a-dozen round trips transactions. I never really paid much attention to the statements but last night I went through the daily reports and I noticed a very strange thing. My account is not getting enough credit. Here is one of the transaction. 1/15/2005 GBP/USD -16000 1.7785 1/16/2005 GBP/USD 16000 1.7655 As you can see, I made a profit of 130 pips. So, my account should have got a credit of 130*1.6 =$ 208, but I didn't. Here is what the statements showed. Daily statement 1/15/2005 Net trade = $161.60. They arrived at this number as follows. 1.7785*16000 - 1.7684*16000= 161.60. I have no clue what this 1.7684 is. Probably a LIBOR rate or something. Daily statement 1/16/2005 Net trade = $35.20 They arrived at this number as follows. 1.7677*16000 - 1.7655*16000=35.20 So, total credited to my account is 161.60+35.20=$196.8, but I should have got $208, Is this how calculations are done for Forex?