### How to analyze the trading performance of an account with MyFxBook

Let's study account analysis from a potential investor's point of view.

We will use a random report of an old strategy from Sinais Forex as an example and analyze the presented strategy.

#### General information block (yellow box)

Displays information about:

**Account Type (Real, Cent or Demo****Broker:**BDSwiss**Type of analysis applied and the method of trading:**(in this case, trading is a mix of manual and automated, according to technical analysis)**Leverage**- In this case 1:1000**What Trading Platform**: Metatrader 4

Next comes the information about trader data verification that must be confirmed by MyfxBook.

#### Statistical data block (blue box)

**Gain**- percentage profit, including reinvestment, made since the beginning of trading, regardless of withdrawal or account reinforcement.

In Absolute gain (Abs.gain) gain is a simple increase of deposit without taking reinvestment into account.

**Drawdown**- maximum**drawdown**during the entire trading history. The formula to calculate the current drawdown is the ratio of the current / maximum equity values.**Balance**- current funds in the account**Equity**- the result (current value) of all positions, including open positions. If the value is greater than 100%, it means that currently open positions are yielding profit; if it is less than 100%, it means that current trades are losing. If the value is 100% (equity = balance), there are no open positions at the moment.**Highest**- maximum funds that have ever existed in the account (date is in parentheses).**Profit**- the total income from closed positions for the whole period (total result).**Interest**- total swap costs**Deposits**- Amount of deposits in the account

**Withdrawals**- total amount of withdrawals from the account**Updated**- the time at which the monitoring is updated. In theory, it should be automatically updated at least once in a few hours, or even a few times in an hour. If it was not updated for a long time, it means that there is a problem with account synchronization or the trader has changed the monitoring of the main account (changed the settings).**Tracking**- the number of MyFxBook users who have added this tracking to Favorites, i.e., expressed more detailed interest in it.

#### Graph block (green box)

Not everyone can easily understand the numbers. Charts are more convenient for perception because they present statistics visually about the historical period.

There are four types of charts in MyFxBook:

**Growth:**Shows balance and equity statistics in percentage points.**Balance:**The balance section represents the balance and equity in terms of money, that is, the amount of money in the account with and without consideration of open positions. In theory, a lower balance in the account may suggest a loss, so this section should be analyzed in conjunction with the Growth and Profit sections.**Profit:**The graph displays the profits made. It provides little information, but can still be useful. If the trader does not complete deposits or withdraw money, the chart should be similar to the growth tab. There should not be any divergence between the graphs. If the trader at least disconnects the account from monitoring, withdraws the money, and connects it again, MyFxBook statistics will show the actual balance, and the line immediately represents the withdrawal.**Rebate:**This is the amount of the withdrawal, expressed as a percentage. It can rarely be found on brokers' account monitors. It makes sense to study the drawdown chart along with the economic calendar and the growth chart, where deep drawdown dates can correspond to sharp drops in equity.