Gathering Trade History From Your Online Broker

There are many problems faced by active traders in calculating their capital gains and losses from their online broker’s trade history. Let me start by saying that...
Most brokers do not make it easy for their clients!There are absolutely no standards for trade history reporting from one broker to the next. This presents a real challenge for any trader who wants to analyze his or her trade history.
How does one get their trades into some sort of trade analysis software or spreadsheet? How can this be done for several different brokers?

What do they provide?

Some brokers provide simple trade history reports while others provide very complex statements or reports which have so much HTML formatting that it makes it virtually impossible for any one to copy and paste the information into a personal spreadsheet! Few provide a comma or tab delimited text file or Excel file download, and even these differ greatly in column formatting.
A few brokers have interfaces to personal finance software programs such as Quicken or MS Money or popular tax software programs such as TurboTax and TaxCut. But these programs were never designed to handle the volumes of trades made by the active trader, and most have serious limitations when it comes to properly matching these to IRS requirements.
And NONE of the above mentioned software programs calculate wash sales which is part of the IRS tax law and required for filing a proper schedule d.
Active traders need to analyze their profits and losses.
Trades must be imported and matched. Profits or losses must be accurately calculated and adjusted for wash sales. This needs to do be done simply and regularly if you are to ever get a handle on your trading gains and losses.
This may be the most overlooked problem facing active traders today.
There are many companies and individuals out there offering you trading systems that promise to be the real thing and that will teach you how to earn tons of money. But you must be aware that not all of them are sincere and you should be ready to look for some specific characteristics good forex trading systems must have.

1. They must be willing to let you know part or the basics of their system for free. It is a good sign if they have a free course or seminar describing their methodology so you can decide if it's for you before you give them any money.

2. They must have a no questions asked guarantee of your money back; if at the end they fail to deliver on their promises.

3. They should offer some forms of continuing support and education after you make your purchase. It is a very good sign if they provide an online/email forum so that their clients can interact with one another and the developer of the trading system. Another good sign would be if they have a support phone number where you can reach them at during regular business hours.

4. You should be able to make an appointment to talk on the phone with the developer of the system if you wish. If you're paying good money for the system then you should have the right to speak to the developer. If not, go somewhere else for your trading system needs

5. The trading system they offer you should be recession-proof and go beyond the traditional linear models that are based mostly on past results. Ideally, the forex trading system you get should allow you to go with the market direction, wherever it's going, instead of hoping and believing it will go one way or another, and then find out it was all wrong.

6. The system should be given to you with software that performs the complex math behind it making it simple for you to use at any time and without strange formulas.

7. They must enthusiastically listen to your concerns about trading, what you wish to accomplish and answer your questions to your satisfaction. If you suddenly feel they are in the business only for your money, then you better move on. You want to make sure that the people selling you a Forex trading system is actually interested in a mutually beneficial, long-term relationship with their clients

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