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.
Bill Williams theory
Bill Williams is a famous American trader known for his unique approach to the market that comprised trading psychology and the chaos theory. Williams developed several technical indicators (Accelerator/Decelerator Oscillator, Alligator, Awesome Oscillator, Fractals, Gator Oscillator, and Market Facilitation Index). You can find these indicators in Metatrader (click “Insert”, choose “Indicators” and then “Bill Williams”).
Market structure according to Williams Theory
According to Williams, the market has a structure. To succeed, a trader has to understand this structure. The market structure has 5 dimensions:
- Balance line
Williams says that it’s necessary to understand all dimensions of the market.
Markets have a fractal structure. It means that they are made of shapes that can be in turn divided into smaller copies of these shapes. Any decision a trader makes is a behavioral fractal. To trade with profit, one has to recognize the behavioral fractal of lots of traders. This will let a trader forecast the direction of the market.
Traders should think about the chaos of the market as of something negative. Williams calls chaos a higher form of order which is governed not by cause and effect but by randomness. The market follows a path of least resistance which is defined by a hidden structure, like the flow of a river depends on the underlying structure of a riverbed. A trader has to discover the market’s structure and trade according to it.
In addition, a trader needs to know his/her “own underlying structure”, i.e. the routines and daily habits that determine his/her approach to trading, behavior, and reaction to any movement in the market.
A trader’s goal is to combine the knowledge of the market structure with the self-knowledge. Bill Williams gave his approach the name of “profitunity”. In his opinion, it’s important to stop doubting oneself and simply enjoy trading. Basically, Williams recommends to keep calm and carry on: trade, learn, gain experience, and make money. Get ready to discover how to use the indicators developed by Bill Williams for profit!
2022-03-08 • Updated
Other articles in this section
- Fibonacci fan
- Fibonacci expansion
- How to Use Fibonacci Retracements
- Reversal candlestick patterns
- Continuation candlestick patterns
- How to deal with market noise?
- How to backtest a trading strategy
- Gator Oscillator
- Market Facilitation Index
- Accelerator Oscillator
- Awesome Oscillator
- Alligator indicator
- Chart patterns
- Uncovering Gann indicators
- How to create your own trading strategy?
- Candlestick patterns
- Trend trading
- Carry trade
- Swing trading
- Position trading
- Day trading
- Fibonacci tools
- Trader's psychology
- How to identify market reversal
- Japanese Candlesticks