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.
Uncovering Gann indicators
Have you ever heard about one of the most mysterious and successful traders of all times – William Gann? He is well-known for using geometry, astrology and ancient mathematic to predict the movement of quotes in the financial markets. He was brought up in an impoverished extended family.
To earn crust he had to work on the farm, to sell cigars and newspapers in the trains. From travelers, he knew about the investment, financial markets and great possibilities they can offer. Gann started wondering if it were possible to predict the future. Later on, he moved to New York and started working at a major Wall Street Brokerage house and attending business school at night. A compulsive idea of predicting the future had always been on his brain. So, he began studying the basic principles of price patterns and philosophy on how to accumulate the wealth, then, he proceeded with studying ancient geometry, astrology, mathematic. As a result, he managed to achieve his goal – he became a very successful trader, a real guru who managed to accumulate over 50 mln dollars and open his own brokerage firm. Trying to reveal the secret of his success, traders looked through his numerous writings and found some very effective tools and trading techniques. In this article, we will tell you about so-called Gann indicators (line, angle, fan) that you can find on your trading platform.
Why are the Gann indicators valuable?
With their help, a trader can forecast support and resistance lines.
Uncovering Gann angles and lines
The primary Gann angles are the 1x2, the 1x1, and the 2x1. The 1x2 combination means that the angle is moving one unit of price for every 2 units of time. The same logic applies to other angles: the first number account for the one price interval, the subsequent one – for the unit of time.
Trading on 1x1, a so-tooth Gann line (refers to the 45-degree angle) means that the market is balanced (the Gann line represents a long-term trend). If price crosses this balance line it means that the dominant trend is about to reverse.
Building Gann line and Gann angle
Choose “Insert-Lines-Trendline by angle” in the toolbar of your trading platform and plot the line for the 45-degree angle from the top or bottom.
For the bullish trend, it looks as follows, your balance 45-degree line serves as support (hint: after you plotted the line you should rotate it until you reach the degree you need – in your case it is 45°.
Once you’ve got you’ve built your balanced “one-to-one” line you can lay up the Gann fan.
Choose “Insert – Gann – Gann fan” and plot the fan in accordance with the Gann line you drew earlier. The middle line of the fan should correspond to the 45° Gann line.
For bullish trend, it looks as follows, the rays of the Gann fan determine your support levels.
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
- Bill Williams theory
- Chart patterns
- 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