Backstories of famous traders, investors, hedge funds owners can be so surreal that you come to realize – ‘Absolutely everything is possible!’ Check if you know some fun facts about the most influential finance people and get inspired for your own achievements.
Suddenly the future became real and virtualization began to play a major role in many areas of business, such as Forex trading, making VPS hosting of financial applications more safe and efficient. It provides the user with the benefits of privacy, control, dedicated resources, and customization. Given that trading and financial applications often require more stability and faster connectivity than any other type of application, the benefits of virtualized hosting are enormous.
Forex VPS or Virtual Private Server is something very close to Cloud or Virtual Box and allows running as many trading systems in one machine as possible. In outline, it is a virtualized environment hosted on a powerful and robust server dedicated to deploying the expert advisors to run nonstop and independent of the trader’s computer or input. The server runs 24 hours a day with software designed to overcome internet connection issues that may slow down or totally restrict the functions of a trading system. Problems like power outage, technical difficulties, viral attacks, and other issues put traders at a disadvantage because of risk to stop the trade from going on. With a well structured strategy and a favorable market environment trading by means of virtual machine offers a bright prospect and great potential.
A list of technical tools that simplify traders’ life and improve their productivity is growing rapidly. Know-hows from other industries are willingly accepted and adapted to the needs of financial market players. In the instruments that help you trade were available to professionals only, now any newbie can use them and benefit from the progress. If you have a desire to learn and an understanding of what is going on in the industry, you can improve your trading experience.
We will remember January 2020 as an extremely tense and frightening time. It started with missile attacks and ended with coronavirus pandemic, which shocked the markets big time. Let’s see how to ignore the panic and make money when everyone - including investors - are scared like babies in a thunderstorm.
Self-quarantining? Well done – this is the safest option for the moment. The other step is not to go crazy spending time at home. FBS will help you with that! We have some ideas for traders to keep busy – of course, with entertaining and developing the mind ;) Here is the list of what you can be up to right after reading this article.
The beginning of the year is the best time to talk about the future. And apart from omnipresent ICO news, you’ve probably heard one recurrent subject – artificial intelligence(AI). If it doesn’t sound interesting to you already, you should probably rethink that, because no matter whether you want it or not, AI will soon change your life forever.
We’ve looked deep into different scenarios of the future AI brings and gathered all that will influence traders the most.
The world is hyped for the new tech revolution AI will bring. Already there are rivers of cash flowing around it and it’s only going to multiply in the next few years. According to Bloomberg, AI will contribute as much as $15.7 trillion to the world economy by 2030. That’s more than the current combined output of China and India.
The trading world has undergone a significant transformation in the past few years. With new technologies, traders can now analyze market trends and make informed decisions with greater ease and speed. One of the key technologies that have revolutionized trading is Artificial Intelligence (AI). AI has enabled traders to process vast amounts of data quickly and efficiently, which has led to better decision-making and increased profitability.
Recently we interviewed one of our partners - Narin Boonmee, who used to work at a regular job and now makes money on Forex and FBS IB program. He shared some of his secrets and gave a few tips:
We celebrated the New Year as usual with hopes and dreams for 2020. Then we all got up one morning to face an unknown reality that we still need to get used to. Self-isolation is now an act of love towards people we care about, and doctors are the new superheroes. The world seems to test our ability for compassion, cooperation, and benevolence. This challenge is our chance to reconsider what matters and unite for a better future.
In a world where everyone talks about machine learning and artificial intelligence, there is a place for computer-driven trading as well. It's called algorithmic (or automated) trading. In general, it is a system, which operates based on a pre-programmed algorithm. This set of rules does what is impossible to a human eye: it reacts quickly to the changes in the market and has a more systematic approach to trading. Most importantly, algo trading eliminates the negative impact of human emotions on the trading process.
When discussing the requirements for successful trading, pro traders often mention having the right tools. A quality laptop is among such tools. A trader needs a good laptop just as much as an F1 driver needs a good racing car. A skilled driver may know everything about the theory and practice of racing, but it’s all useless if they don’t have a car to race. The same is true for trading.
A megaphone pattern is a chart pattern that occurs when the price movement becomes volatile. It consists of at least two higher highs and two lower lows formed from five different swings. Each swing is larger than the previous one, and the higher highs and lower lows can be connected by two diverging trendlines that resemble the shape of a megaphone and give the pattern its name.