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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.
Trendline
Trendline
It is a line between two critically highs or lows, helping to determine a prevailing trend. It is an easy yet efficient tool in technical analysis.
To draw a trend line, locate two tops or two bottoms, and connect them. To confirm a trend, you can add a third point.
Depending on their direction, trendlines can be:
- Uptrend
When the prices rise, the trendline follows in an ascending manner.
- Downtrend
When the prices fall, the trendline follows in a descending manner.
Tips on trendlines
- They are diagonal and never horizontal.
- You can draw the most reliable trendlines in larger timeframes (daily, weekly, or monthly).
- Do not try to fit a trendline to your chart.
- If a price breaks a trendline, it does not necessarily mean that the trend is changing its direction. It can also be a case of a false breakout.
Trendline analysis helps to follow only the useful information on the chart and cut out the slight deviations. It helps to concentrate and learn to see a bigger picture before making any market decision.
2023-05-26 • Updated
