Accounting Details

Accounting for profits and loss is a major part of successful trading. It is important to be able to see quickly and accurately the accounting probabilities and actual results. With SCOTS, the accounting section is designed to display with relative ease the elements that result in gains or losses separately and combined.

As trades are added to the portfolio, the accounting is automatic. When what-if scenarios are used, the accounting field will display the profit and loss potential so that the trader will know the risk reward possibilities in the currency traded.


 

 
 
From time to time it may be important to adjust the P/L. You can add profits or losses from other closed out portfolios to an active one so that total performance can be maintained. Commissions may need to be adjusted with the occasional broker discount for trading volume. Hedgers will find the adjustment features useful in adding additional cost into the hedge factor. The layout of the P/L Adjustment window is very straightforward and easy to use.