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How to start trading?
If you are 18+ years old, you can join FBS and begin your FX journey. To trade, you need a brokerage account and sufficient knowledge on how assets behave in the financial markets. Start with studying the basics with our free educational materials and creating an FBS account. You may want to test the environment with virtual money with a Demo account. Once you are ready, enter the real market and trade to succeed.
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How to open an FBS account?
Click the 'Open account' button on our website and proceed to the Trader Area. Before you can start trading, pass a profile verification. Confirm your email and phone number, get your ID verified. This procedure guarantees the safety of your funds and identity. Once you are done with all the checks, go to the preferred trading platform, and start trading.
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How to withdraw the money you earned with FBS?
The procedure is very straightforward. Go to the Withdrawal page on the website or the Finances section of the FBS Trader Area and access Withdrawal. You can get the earned money via the same payment system that you used for depositing. In case you funded the account via various methods, withdraw your profit via the same methods in the ratio according to the deposited sums.
Breakout
Breakout
It is a price movement outside a predefined support and resistance zone. Breakouts happen under certain market conditions, when asset price either rises above resistance or falls below support.
There are two main types of Forex breakouts:
- True
Most times, when a price breaks a critical level, it goes on in this direction. If this rule works, it is a real breakout. If you decide to follow the direction of a breakout, do it cautiously because you are taking a high risk. Learn more about the peculiarities of trading a real breakout and manage risks before you decide on a trade.
- False
When after the break the price movement goes back to its previous state and fixes there, you deal with a false breakout. As practice shows, false breakouts can occur in the market often enough. If you trade false breakouts, the possibility of a good trade will increase if you trade in the direction of a trend.
Once you learn to determine the signs of the breakouts in the market, you’ll earn extra chances for potentially good trades. Find out how to trade breakouts
2021-12-20 • Updated
