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.
In trading, a timeframe stands for a certain period, during which the price moves. Each trading platform has its settings for timeframes. There are nine timeframes in MetaTrader 4: monthly (MN), weekly (W1), 4-hour (H4), 1-hour (H1), 30-minute (M30), 15-minute (M15), 5-minute (M5) and 1-minute (M1). Smaller timeframes (M30 and less) show the dynamics of the price during a short period, while larger timeframes (H4 and more) demonstrate the bigger picture of price movements.
Most traders face difficulties when choosing the “right” timeframe for trading. However, there is no universal timeframe that fits everyone. The main factors, which determine a choice of a timeframe, are the time that a trader is ready to spend on trading and his/her stress-resistance. Generally, if you like scalping, you will prefer taking advantage of smaller timeframes, as they show the price action in detail. In case if you hold your position for a longer time, you will choose larger timeframes.
It is worth mentioning that some of the trading strategies require the usage of certain timeframes. Also, analysts recommend using a multi-timeframe analysis for more profitable trading.
2023-05-08 • Updated