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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 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.
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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.
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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.
Relative Vigor Index (RVI indicator)
The Relative Vigor Index (RVI) measures the strength of a trend by comparing an asset’s closing price to its trading range and smoothing the results.
The indicator is based on the idea that in a bull market the closing price is, in general, higher than the opening price. In this, the RVI resembles the Stochastic Oscillator. The difference between the two is in the fact that the RVI compares the close relative to the open rather than the close relative to the low.
How to implement in the MetaTrader
The RVI is included in the MetaTrader default indicator kit, so you don’t need to download it. Go to “Insert”, find “Indicators” and then “Oscillators” – and you will see the RVI. The indicator will appear in a separate window below the price chart.
The reading of 10 is considered the most suitable period. The indicator has 2 lines. One is the RVI line itself, the other is a signal line which is a moving average of the indicator with the period of 4.
How to interpret RVI indicator
The RVI oscillates across a center line. It is interpreted in the same way as many other oscillators, for example, MACD and RSI. In particular, the RVI shows when the market is overbought or oversold and sends signals when it diverges with the price chart.
Overbought/oversold conditions. If the market is flat, look for the RVI to exit the overbought (high) or oversold (low) areas for a signal to sell/buy. Note that the indicator doesn’t offer exact levels for overbought and oversold areas, so traders need to figure this out themselves. It addition, it’s necessary to remember that oscillators can remain at extreme levels over a prolonged period of time.
Signal line crossovers. Watch for crossovers between the RVI and the signal line. When the indicator rises above the signal line, it’s a bullish sign. When the indicator goes below the signal line, it’s a bearish sign.
Convergence/divergence. If a new price high is higher than the previous one, while the new RVI high is lower than the previous one (bearish divergence), look for the RVI to cross the signal line to the downside and then sell. If a new price low is below the previous one, while the new RVI low is higher than the previous one (bullish divergence), look for the RVI to cross the signal line bottom-up and then buy.
Relative Vigor Index is useful for trading but may give false signals, so it has to be used in combination with other indicators and trading tools.
2022-03-30 • Updated
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