How to open an FBS account?
Click the ‘Open account’ button on our website and proceed to the Personal 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.
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 Personal 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.
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.
How to activate Level Up Bonus?
Open Level Up Bonus account in web or mobile version of FBS Personal Area and get up to $140 free to your account.
Fundamental factors are not an abstract concept. Traders face them daily in a form of economic news, published in the economic calendar.
Let’s have a look at the economic calendar. For each date, you can see a list of scheduled economic releases corresponding one of the major Forex currencies. Pay attention to the release time: make sure that you have made adjustments for your time zone. You can see that all events have different impact: the higher this impact is, the stronger move of the market is expected, so you can focus on the most important events.
Most news in the calendar represent economic indicators and have numerical values. The previous reading is available in advance. The forecast is the median forecast of 20-240 economists surveyed by big agencies like Bloomberg, Reuters, etc. The actual reading is the reading published by the official source (the nation’s statistics agency or an analytical center).
For most indicators, if the actual reading is higher than the forecast one, it’s positive for the currency in question. Unemployment indicators are the exception: for them the lower the reading, the better for the currency.
How to use Calendar
By the way, there are different ways to use the economic calendar. Some market players trade “the news". It means that they open positions in accordance with their expectations for a change in economic indicators (for example, eurozone GDP is expected to improve – we buy the euro). Others, on the contrary, avoid the news as trading them is associated with risks of too rapid price movements. Such traders prefer to wait until the market “digests” the news and enter the already shaped trend.
No matter what strategy you choose, we strongly recommend you follow the news in order to be aware of the market moving impulses. Some data releases increase volatility and cause sudden moves on the market. The best example is the US nonfarm payrolls (NFP). The release of this indicator may lead to the unexpected closure of your position under a stop-loss order.
2021-09-02 • Updated
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