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 the previous part of our tutorial, we’ve looked through the most popular trend technical indicators. The thing is that most of the time prices are meandering without a certain direction (they are ranging). While this directionless price movement drives some traders crazy, others manage to make a living on these roundabouts. Traders have a Plenty’s Horn of technical tools for trading ranging market. These tools are called oscillators. We will fill you in on the most popular ones.
Oscillators help us to identify pivotal points of the market – potential reversal areas. These indicators are banded between 2 extreme values indicating overbought and oversold areas. When the oscillator is in the overbought area, it means that the force of the bullish move has weakened and a reversal to the downside is likely. Accordingly, when the oscillator is in the oversold area, it means that the sellers have become weaker and the trend is likely to reserve up.
Trade with oscillators
Trading with oscillators is based on the recurrence principle: after hitting an extreme value, the oscillator always returns to its central reading. However, there’s a big difference between the dynamics of the price and the oscillator: although they move in tandem with each other, these moves have different proportions. As a result, when the indicator returns to its normal value, the prices usually don’t return to the same point.
Oscillators are most effective when the prices move sideways. As the purpose of all oscillators is the same, there’s little point in adding several oscillators to one chart. Use oscillators in combination with other technical tools.
We recommend you to choose default MT4 settings for the indicators, as these parameters were proposed by the creators of these tools.
2023-02-16 • Updated
Other articles in this section
- The McClellan Oscillator
- Aroon Indicator Trading Strategy
- Currency strength
- Moving Averages Ribbon: How to Find Entry Point
- Best Time Frames for Trading
- Renko charts Japanese candlestick chart
- Types of charts
- How to Use a Heikin-Ashi Chart?
- Quantitative Easing Policy (QE)
- Pivot Points
- What Is a ZigZag Indicator?
- Moving Average
- Williams’ Percent Range (%R)
- What Is Relative Vigor Index (RVI Indicator)?
- Force index
- What Is Envelopes Indicator?
- Bulls Power and Bears Power
- Average True Range
- How to trade on central bank decisions?
- CCI (Commodity Channel Index)
- Standard deviation
- Parabolic SAR
- Trading with Stochastic Oscillator
- Relative Strength Index
- MACD (Moving Average Convergence/Divergence)
- ADX Indicator: How To Use It For Effective Forex Trend Analysis
- Bollinger bands
- Trend indicators
- Introduction to technical indicators
- Support and resistance
- Technical analysis
- Central Banks: policy and effects
- Fundamental factors
- Fundamental Analysis in Forex and stock trading
- Fundamental vs technical analysis