When you decide to start trading, relying on intuition and general understanding of the market is often not enough. You also need to be able to analyze price charts and draw your own conclusions from them. One of the most descriptive charts is a candlestick chart.
Forex is traditionally associated with many fearful things, but as they say, most people fear what they don't understand. We selected the most widely believed Forex myths and tried to explain why they shouldn't be trusted anymore.
Could you just imagine while studying a simple statistics in high school or in a College that it may help you to become a successful Forex trader in future? Believe it or not, but Forex charts are one of the most powerful trading tools used to compare the current price with historical price and figure out the patterns and future price movements. Let’s see what you really need to know to make the most efficient use of Forex charts.
Forex charts display the dynamics of prices of various currency pairs based on historical data. They provide powerful insights and patterns into the currency market and make technical analysis work. As a matter of fact, the market participants use the data of charts to decide when to open or close positions. Charts are an optimal instrument for analyzing trends and patterns. For traders understanding charts it is quite easy to predict where the market will move.
Modern traders have a choice of trading platforms: web, mobile, or desktop. Still, many of them prefer to have the platform on their computers. As macOS comes with nuances, it may not be that clear how to install MetaTrader 5 in the system. So let's see what you need to do.
As you may already know, there are several ways to install MetaTrader 5 on macOS. Luckily, they constantly upgrade the system, making the process of installation easier. Let’s have a look at the most straightforward way.
There are lots of pricy events with tickets cost going as high as tens of thousands of dollars. However, in some cases money can’t buy you the right to get inside. Check out the fanciest events you will only get invited to if you have a millionaire status.
You’ve been working a lot, and now it’s time to take a well-deserved rest. If you are lucky to be a trader, you can work AND travel anytime you want ;) So, where would you want to go?
Your future plans can change over the course of time, but the way you plan your future tells a lot about your personality. Take a test and see if your plans will ever bring you a lot of money.
Billionaire success stories usually start with an educated, ambitious, and courageous man of extreme charisma and brilliance making a life-changing investment decision. Dr. Herbert Wertheim had nothing to do with this image… until he had made his first billion. What’s his secret?
Dear FBS customers and partners!
UnionPay deposit method was changed on 23th of April, 2018. We created this article for you to avoid any mistakes in deposit process.
1. Log in to your Personal Area and click the "Deposit Funds（入金）". *Green button with characters "入金" in the top right corner of the page.
Oh, these tweets by Mr. Trump! They tend to move the markets a lot these days. Today we provide you an opportunity to look inside the head of the US President and see what markets he is about to shake next. At the end of the test, you will find out how good you are in reading the president's mind and analyzing the markets. But be careful: as you know, his thoughts are extremely complicated! Some of the thoughts won’t affect the markets.
Answering this question, it is very important to mention that there are two main communities among traders – one that believes in forex forecasting and another one that doesn’t.
Most traders agree with Nicolas Darvas, who is known as one of the world’s best traders and the author of the book "How I Made $2,000,000 in the Stock Market". He is strongly convinced that analysis is much more useful than forecasting: “I believe in analysis and not forecasting”. Analysis can’t be ignored for sure, but what is about horoscopes?