How to trade?

How to trade?

To 'trade Forex' means to buy or sell different currency pairs.

For example, the current price of EUR/USD is 1.1000. If you expect the euro to appreciate against US dollar, you buy EUR/USD. This is a common Forex transaction. To perform it, you need to open a trading program (MetaTrader 4 or MetaTrader 5), click on a “new order” and then choose 'buy'.

As some time passes and the price of EUR/USD rises, you close the position and get the profit. The amount of profit depends on how much the rate of this currency pair has increased as well as on the size of your position.

If your assumption was wrong and EUR/USD declined after you bought it, you will have a loss. Same as with profit, the size of your loss will depend on how much the rate of this currency pair has fallen during this time and the size of your position.

Traders who expect the prices to rise are called ‘bulls’, while those who expect a decline are referred to as ‘bears’. A buy trade is also known as a ‘long position’, while sell trade is also called a ‘short’ position.  

the candlestick chart

Currency pairs tend to move in trends, i.e. to rise or fall for significant periods of time. “A trend is your friend” is a common saying among traders. If you see a series of higher highs, it’s an uptrend and you should focus on buying. If you see a sequence of lower lows and lower highs, it’s a downtrend and it’s necessary to consider selling. The idea of trend trading is to open positions at the start of the trend and get a big profit as it progresses.

It’s sensible to buy at a lower price and sell at a higher price. Notice though that one currency is always strengthening against another. The same is also true: one currency is always weakening against another. As a result, you have an equal opportunity to buy or sell to enter the Forex market. All you need to do is to analyze the chart and the economic potential of the currencies that form a pair and make a forecast about which direction it will move next.

The currency pair rates are volatile and constantly changing. Whichever movements were on the chart in the past, don’t worry that you’ve missed your trade. Right now is your chance to make money on the Forex market!

Latest news

ECB report is in focus

The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time. 

Markets await Biden to unveil "trillions dollars"

Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.

USD came under selling pressure

The US dollar’s weakness offered a boost to emerging-market currencies and oil.

Frequently asked questions

  • How to get the Trade 100 bonus?

    Boost your trading skills with free $100 from FBS. To activate this option, open a Trade 100 bonus account with $100 in it. Use the money during 30 days of active trading and trade five lots.  If you succeed, you can get your profit of $100. It is a win-win offer! Not only do you get a chance to profit, but you can also test the real markets and train your FX skills. 

  • 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.

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