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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.
Bull
Bull
This term may refer either to the market or traders' behavior. It originates from a real bull who attacks upwards with its horns, which is a metaphor for pushing prices up.
Bulls are traders who are optimistic about the asset price and believe in its upward direction. They usually open long positions intending to sell at the peak price. When the quotes are increasing in price, the market becomes bullish. It is next to impossible to predict when this happens, so usually, it is claimed to be a trend as it occurs.
The confidence among traders rises; people start investing more and take higher risks. It happens as a result of the strong or strengthening economy. Unfortunately, it is difficult to foresee the possible change to the bearish market. You should always keep an eye on global events: possible trade wars, political inconsistencies, social tension. All of these may point at a likely bearish trend.
Beware of a bull trap that is usually created by traders of stocks and commodities when they buy large amounts of assets to imitate the upward movement. Once in a bull trap, traders buy shares at high prices in hope that they will rise soon. However, most of the time, the market either drops or stays at the same level.
Use Bulls/Bears Power oscillators and Exponential Moving Average indicator (EMA) to identify the best entry/exit points for a bullish market.
2024-05-21 • Updated
