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 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.
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.
Divergence in the Forex environment generally refers to a discrepancy in the direction between the price and the indicator. Normally, an oscillator like RSI is measured against the chart.
There are two types of divergence: a regular and a hidden one. Each may be either bullish or bearish.
Regular bullish divergence.
It occurs in a downtrend; the price forms a lower low and the indicator forms a higher low. If you draw a line through each pair of lows for the price and the indicator, the two lines will appear being pinched together towards the end. This may be a signal of a market reversal in the upward direction.
Regular bearish divergence.
It occurs in an uptrend; the price forms a higher high and the indicator forms a lower high. The two lines fall apart towards the end. This may be a signal of a downward market reversal.
Hidden bullish divergence.
It occurs in an uptrend; the price forms a higher low and the indicator forms a lower low. The two lines fall apart towards the end. This would signal the market’s intention to rise later on.
Hidden bearish divergence.
It occurs in a downtrend; the price forms a lower high and the indicator forms a higher high. The two lines get pinched together towards the end. This would mean that the market is preparing to drop further.
2022-11-22 • Updated