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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.
Pattern
Pattern
The term "pattern" represents an important part of technical analysis. Traders use the knowledge of well-known patterns for placing their orders. When more traders recognize a certain pattern, the possibility that the price is going to follow a specific pattern increases. Technical analysis distinguishes two major groups of patterns: chart patterns and candlestick patterns. While both of them show how the price moves on the chart, their characteristics differ. A chart pattern helps to determine the direction of a trend with help of support and resistance levels, and a candlestick pattern is used to identify the next movement of a price judging by form and combination of Japanese candlesticks.
Within these groups, the patterns may be divided into continuation and reversal patterns. Continuation patterns indicate that the price will resume moving within the existing trend. Reversal patterns, in turn, increase the chance of a reversal. Among chart patterns, the most recognized ones are Head and shoulders, Double top/bottom, Triangle, Flag, and Wedge. You can read more about trading them in Forex Guidebook. Candlestick patterns are more difficult to find, as they have a lot of different combinations. To beginners analysts recommend learning the reversal ones at first, as they are easier to recognize.
2023-07-19 • Updated
