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.
It is a position at which you suppose that an asset will weaken, so you sell it now to buy it later at a lower price. Traders may use words sell, short sell, go short, and short interchangeably. The strategy that involves shorting is considered bearish.
In the case with currency pairs, you are going short on a base currency and long on a quote one.
For example, if you sell the GBP/USD pair at rate 1.2345. It means that 1 pound costs $1.2345. If the conditions in the market make you think that the value of GBP against USD will go down, you can sell. Imagine the rate goes down to 1.2334. In this case, if you buy after the fall, you will make 11 pips.
The price of 1 pip is:
0.0001X100,000 (lot size)=$10
Your profit from 11 pips is:
Use position trading as your main strategy only if you have extensive knowledge of fundamentals and good stress management skills.
2022-01-26 • Updated