- Download MT4 and MT5 apps in FBS Official Website
- Have a stable trading strategy to trade Forex
- Know the events that affect market prices
- Where are the billionaires in the world?
- Have you tried FBS Copy Trade?
Download MT4 and MT5 apps in FBS Official Website
Right now, in this very moment, all the smart traders can download a new FBS Trader platform on Google Play.
FBS released a mobile trading platform suitable not only for iOS but also for Android as they promised you earlier!
Earn anytime anywhere with just your smartphone.
You can download the app in the Google Play for free.
Follow the links specified in the official website of FBS.
FBS’s mobiles app of MT4 and MT5 will feature the same superior execution quality. Find out more FBS’s STP and ECN execution models here.
Have a stable trading strategy to trade Forex
Many new traders that jump into forex trading with the only goal being quick and high returns have a good chance to wind up losing, because they do not focus any energy on developing their forex trading strategies, learning about advanced forex trading systems and the importance of long term trading plans and steady capital growth.
The first step to creating a viable forex trading strategy is to determine what kind of markets a trader is comfortable trading.
There are two fundamentally different preferences for entering forex trades.
The choice for a trader is between being a forex trend following trader, or a forex counter-trend trader.
To develop a solid forex trading strategy, a trader must decide what kind of forex trading system and style suits their personality, depending on psychology and what kind of market conditions the forex trader is comfortable applying their advanced forex trading systems and strategies to.
What is Trend Following Forex Trading?
Trend following forex traders enter trade positions with the aim of profiting from relatively long term upward or downward trends.
They develop advanced trading systems and forex strategies in order to identify price trends in the forex market.
What is Counter-Trend Forex Trading?
Prices in the forex markets can move in three directions: up, down or sideways, and a counter-trend forex trader looks to apply advanced forex trading strategies in order to trade the back and forth movements of a sideways market which is also referred to as a consolidating or ranging market.
In a ranging, or sideways forex market the counter-trend forex trader will try to develop a trading system based on the concept of “buy low, sell high” or “sell high and buy low”.
Use Advanced Tools of FBS MT4 and MT5
The next step to developing a forex trading strategy, system or methodology is for a forex trader to select the advanced forex trading tools that they will apply for entering and exiting forex trades.
If a forex trader utilises advanced technical trading analysis systems they can use trend lines, support and resistance levels, and a range of advanced technical trading indicators available to determine when to enter and exit a forex trade.
A forex trader using fundamental analysis will factor what advanced economic indicators to apply the trading strategies based on the outcomes of economic news announcements to enter and exit a forex trade.
Once a new forex trader has laid out some advanced trading guidelines on how they will enter and exit forex trades, it is very prudent to trade smaller positions and to build up experience, before opening large positions.
Be flexible on your trading strategies
It is important to understand that if a forex trader is consistently generating losses, instead of profits on forex trades entered, it means that something is wrong with the forex trading strategies, system, approach or tools applied.
It may be time to stop trading and re-evaluate the trading system analysis that the forex trader is applying.
It is perfectly normal to lose on any particular forex trade, but it is a serious warning when there are consecutive trading losses and the trading losses add up to a large part of a trader’s account.
Small losses are part any forex trading activity, as some trade positions will end as losses and others will be profitable.
A good forex trader will ensure that profitable trades are bigger than losing trades and their advanced forex trading strategies and systems applied to their forex trading account is building equity.
It is well known that forex markets are changing all the time; therefore a forex trader will have times when they re-evaluate their forex trading strategies and trading systems applied, depending on the forex market conditions.
An advanced forex trading strategy or system does not have to be set in stone; the more flexible and robust, the better.
Know the events that affect market prices
Fundamental analysis determines the value of a country’s economy, and expected future performance.
Anticipated trends in the value of a country’s currency are based on the strength or weakness of economic data and future forecasts.
1. News Releases
News that has an impact on the economy both directly and indirectly is considered a fundamental factor.
These fundamentals are separated into three major categories: economic factors, financial factors, and political factors which include crises.
2. Economic and financial data releases
Economic and financial factors have the biggest impact on currencies movements.
The reason that economic and financial data releases are watched is the uncertainty concerning the release’s outcome or results.
The fundamental reports are kept under strict secrecy up to the time of the actual occurrence.
Central banks, for example, change the discount rate confidentially and even though the markets closely watch these events, sometimes the outcomes do not coincide with the predictions.
The deciding factor in whether a fundamental release will have an effect on the currency market is how closely the actual results come to economists’ predictions.
If the fundamental release matches predictions then it should have already been “priced in” to the market beforehand.
However, if the release strays from the anticipated numbers, then it will have a bigger impact on the market.
The dates and times of economic data release are well known and are anticipated by the market.
There are many resources available on the Internet concerning financial, and economic indicators.
FBS provides a live Economic Calendar to clients to be up to date with all market critical fundamental announcements and events.
3. Political Factors
Political factors can include elections, high level talks, and crises.
Some political factors, such as a presidential election or a G-7 meeting are scheduled beforehand and can be anticipated.
A political crisis such as a nuclear test by a rouge nation, or a major terrorist attack can have dramatic effects on the currency markets and are almost impossible to predict.
However, only big political events that can affect the patterns of trade or working of an economy or group of economies will have an effect on the financial markets.
For the list of all fund deposit and withdrawal for FBS MT4 and MT5 accounts, please refer to the article here.
Where are the billionaires in the world?
Now that you can trade anytime and anywhere, are you thinking of going to some places soon?
Forbes published a map showing the countries with the largest amount of billionaires.
Do you know where the richest people live?
Find out where the richest people dwell below:
New York City, the U.S.A.
|Combined net worth:||$469.7 bln|
|The richest person:||Michael Bloomberg of Bloomberg LP ($55.5 bln)|
Hong Kong, China
|Combined net worth:||$355.5 bln|
|The richest person:||Li Ka-shing of CK Hutchison Holdings and CK Asset Holdings ($31.7 bln)|
|Combined net worth:||$336.5 bln|
|The richest person:||Leonid Mikhelson of Novatek and Sibur ($24 bln)|
|Combined net worth:||$193.3 bln|
|The richest person:||Wang Jianlin of Dalian Wanda Group ($22.6 bln)|
|Combined net worth:||$226 bln|
|The richest person:||Mikhail Fridman of Alfa Group and LetterOne ($15 bln)|
Have you tried FBS Copy Trade?
The FBS Copy Trade account provides money managers and investors with a professional and easy to use interface for managing multiple accounts simultaneously by using only one account, a so called master account.
The user friendly platform includes various features and allocation methods to ensure the best efficiency and performance on every clients accounts, which is a crucial tool advantage to the money manager.
It provides an overview of open trades, margins and balances on an unlimited number of MetaTrader4 and MetaTrader5 trading accounts.
The allocation methods supported by FBS are the most reliable and accurate methods based on volume allocations.