About FBS’s $140 Free Welcome Bonus
The FBS broker has launched a promotion so that you can start investing and testing their platform and trading conditions without having to make a deposit.
This is a $140 welcome bonus that will be added to your trading account and with which you can make your first trades without putting your money at risk.
This way you will be able to test if the FBS broker fits your needs in a much more reliable way than with a demo account.
Remember that with FBS Group, you can invest online in more than 100 financial instruments such as the main currencies of the Forex market and CFDs on stocks, commodities, indices, precious metals, and energies.
Learning how to trade: a guide for beginners
You opened an account with FBS, but don’t know what to do next? Are you wondering what you need to learn to become a trader? Here we have put together a guide that will allow you to become a Forex professional in no time!
Elements of trading
Trading Forex, means buying or selling currency pairs and profiting on changes in their exchange rates. This business consists of several important tasks.
The trading process involves opening and closing orders in the trading terminal called MetaTrader. An order is a signal to buy or sell a currency pair. The basic knowledge you should acquire is how to open, modify and close orders in MT, how to use various software functions and features and customize charts. You can find detailed instructions on how to acquire these skills from a series of videos shown on MetaTrader.
2. Market Analysis
To trade, you need to know what to do. Analysis helps decide which currency pairs to trade and how to trade them. In addition, it allows you to find the best moments to enter the market.
There are 2 main types of analysis. First, you need to learn how to analyze charts – distinguish trends, find important levels where the price may reverse or accelerate. Second, you must understand how important economic events affect the Forex market. You need to check the economic calendar – the schedule of economic releases of the major countries of the world. With its help, you will be able to trade useful news as well as avoid unwanted events that could affect your trading.
Study our tutorial text on market analysis and follow market analysis and daily trading ideas on FBS Official Website.
3. Risk management
Risk management helps to insure yourself against negative outcomes and manage your finances in a way that will keep you in the market for a long time and have plenty of trading opportunities. This is an important element of your trading. Find out the main risk management rules that will help you limit your losses and maximize your profits.
Once you make your first trade, you will understand that this process is stressful and you need to get into the right mindset for successful trading. This may be more complicated than it sounds, but don’t worry: we’ve rounded up psychological tips from experienced traders in this article.
Useful material by FBS
FBS offers a plethora of educational materials that will make your learning process fast, easy and enjoyable.
You can watch video tutorials and then deepen your understanding by studying the text material in Forex guidebooks.
To learn more, we recommend books like Daily Trading & Swing Trading the Currency Market and Trading for a Living: Psychology, Trading Tactics, Money Management.
FBS also offers free analytical webinars and lessons for both Forex beginners and those with experience. In this lesson, you will be able to ask all your questions to professional analysts and trading experts. Check the webinar schedule for upcoming webinars.
We wish you successful trading and may profit be with you!