How to start trading with FBS?

Hello, stranger! What brought you here?

A bright FBS advertisement somewhere on the Internet, a new jam with a famous Indonesian rapper, a banner during the match with Leicester City, or a recommendation by a friend? Or maybe you are looking for a way to become a professional trader?

Different Sources – One Solution

The reasons may be different, but let's face it – you are here because you want to start trading with FBS! This is a great intention that will soon unveil a road full of opportunities in front of you! So, how to start trading?

First Step – Choose a software

Answer a question: Do you want to trade in your laptop or do you prefer working with your mobile phone? 

We ask you this question because it will impact your choice of a trading platform. Let’s see what advantages do PC users and mobile lovers have.

If you prefer a personal computer or laptop for trading, you can choose MetaTrader 4 or 5. You may know them as very popular programs for entering the markets. MetaTrader 4 and MetaTrader 5 are famous among traders. They give access to a wide range of technical tools, help you to develop your trading robots (expert advisors), and, most importantly, allow you to do trading in just one click!

This is how the regular day of the MT user looks like.

Although MetaTrader 5 is an upgraded version of MetaTrader 4, they have unique features that you need to keep in mind before downloading a particular software. We listed the main of them in the table below.

So, if you want to be a scalper, it is better to use MetaTrader 4, as it gives you access to the ECN account. Despite a limited number of instruments available there, this type of account prevents a trader from facing lags in orders' execution. Also, MetaTrader 4 is preferred by a lot of traders who only start their Forex journey, as it is more understandable for a newbie and has more tutorials than MT5. One of these tutorials could be found on the FBS website in the Video lessons section. Another point in favor of MetaTrader 4 is its big community that creates a lot of trading robots. You can get access to them in the market section of the “Terminal” window.

MetaTrader 5, in its turn, is an advanced option for Forex traders. If you want to trade indices and stocks, MT5 is your choice. Also, the fifth version of MetaTrader allows creating trade strategies with the MQL5 language. This language is more useful if you want to continue studying algo trading with other program languages (for example, C++).

What about mobile users?

For those who like trading with their mobile phones, FBS has a double solution. First of all, you can choose MetaTrader for mobile devices. This option is for those who are used to trading in MetaTrader for PC. If you don’t want to change the platform MetaTrader for mobile trading has the same functions as the main program. Another important thing is that you can trade with mobile device using the same account as you use on your desktop version.

MetaTrader for a mobile device

Another option for mobile traders is FBS Trader. This is a new trading platform developed exclusively by FBS for FBS traders. You can get access to all your favorite instruments, set up favorable conditions for money management, and analyze charts.

Second step – Register

After you chose software, you need to open an account. Note, that accounts for MetaTrader and FBS Trader are not connected. That is, you need to decide in advance whether you can and want to separate your funds into two accounts.

Trading in MetaTrader

If you want to open an account for trading in MetaTrader, go to the official FBS website. In the upper right corner, you will see the "Open Account" button. It will transfer you to the Personal Area.

In this step, you need to enter your e-mail and your full name. After you change the password and confirm your e-mail, you will see the initial setups that you need to adjust. They include the version of MetaTrader, the account currency, and the leverage.

After you press the “Open account” button, you will get the registration information that you need to save in advance.

If you complete these steps, you will see the Dashboard with several tabs: Finances, Loyalty Program, Promotions, and Economic Calendar.

On the left, you will see the list of your accounts. To open a new account, you need to click on the + button.

Clicking this button will reveal the types of accounts that you can open. You can read their specifics on the FBS website.

For example, if you want to trade cryptos, you need to choose a crypto account. The ECN accounts are perfect for scalpers, as was mentioned earlier. If you don't have a lot of money, you can start with a cent account that allows trading from only $1.

To be able to deposit and withdraw money to your account, you need to verify your identity.

After your personality is confirmed, you can choose an appropriate method for your deposit. To learn more about deposits, read the article in the Tips for Traders section.

Trading in FBS Trader

Let’s have a look at how to open an account in FBS Trader. Firstly, find an application on Google Play or the App Store. You can get access directly to the app on the FBS website. 

After you installed the app, you need to register. If you have already opened an account with FBS, you can use the same credentials. However, the trading accounts will be different.

After you have registered, you can choose the type of account. In FBS Trader, there are crypto, standard, and quick start bonus accounts available. That’s it! At the final step, you need to verify yourself, and, finally, you need to deposit and join the market!  

Third step – Try Demo

If you are not sure about your trading skills or you want to try out different trading strategies, we recommend you start with demo accounts. This type of account allows you to trade using virtual money – you cannot withdraw it and you don't need to refund it. In the personal area, you can find different types of demo accounts. You can read more about demo accounts in the FBS Guidebook.

Final preparations

After you complete the steps above, you are ready to start trading! Don’t forget to check the Beginner section in FBS Guidebook that will help you to understand Forex terms and money conditions. Also, check out the social media of FBS analytics, where we share signals and relevant analytics. You can find us on Youtube, Telegram, and Facebook.

START TRADING

Author: FBS Analyst Team

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