What is Forex trading?
Forex, also known as the foreign exchange market or FX market, is the world's most traded market, with a $5.1 trillion turnover per day. In simple words, Forex trading is the process of converting one country's currency into the currency of another country, aiming to make a profit from the changes in its value.
What is a trading account?
To start trading on Forex, you must open an account. The primary purpose of trading accounts is to make transactions (open and close orders) with various financial instruments. The trading account is similar to the bank one – you use it to store, deposit, and withdraw money. However, deposits and withdrawals are available only after you verify your account.
How do I start trading?
First, it's really important to remember that becoming a successful trader isn't an overnight process. It takes time to become familiar with the markets, and there's a whole new vocabulary to learn. For this reason, legitimate brokers like FBS offer Demo accounts. To open a Demo account, you need to register first. After that, download trading software to open and close your first order.
Why is FBS the best broker for online trading?
FBS is a legitimate Forex broker regulated by the Financial Services Commission (Belize), license 000102/460, which makes it trustworthy and reliable. We offer our clients some of the best trading conditions on the market, with convenient trading tools such as 650+ instruments like Forex, Stock CFDs, Metals, Indices and Energies derivatives, Crypto commodities, as well as the FBS IB Program where Partners can earn up to 43% of spread from their clients’ trading. Our 24/7 customer support is always there to help with any questions.