Becoming a successful FBS broker is a long process that not everyone can achieve. So what is an FBS broker? What are the conditions and process for opening an account on FBS? The article below from Learn Forex Trading will provide all the necessary information and guide you through some experiences to become a successful FBS trader. You refer to offline.
Some information about FBS broker
First, everyone needs to clearly understand what an FBS broker is; the FBS market in as well as the necessary conditions to become an FBS trader.
What is an FBS broker?
“Broker” comes from the French word “Brourur”. This word is used to refer to those who buy, sell, and trade at the individual level. These brokers can work as individuals or represent an organization and perform work that helps customers get closer to investment and trading financial products. Once completed, brokers will receive a certain amount of commission from the platform.
According to that understanding, an FBS broker is a broker operating on the FBS forex exchange. These people help customers access the exchange’s financial products. Then receive commissions from the platform as well as customers when that financial product is profitable.
The main job of a broker is market research. At the same time, connects customers who want to sell and customers who want to buy financial products.
The income of a trader on the FBS forex exchange usually has no specific limit, depending on the ability of each person.
See more: Detailed instructions for FBS registration account
Some information about FBS
FBS is one of the financial trading platforms suitable for investors who have just entered the market. FBS international forex trading platform was established in 2009. To date, the platform has reached more than 14 million customers from 190 countries. Including
Currently, FBS offers users 4 main account types: Cent, Micro, Standard, Zero Spread, and ECN accounts.
Cent account
The Cent account is recommended for traders who are just entering the market. They do not need to spend large amounts of capital. The account allows FBS copy trade with quite small amounts, calculated in cents.
Micro account
Micro accounts also allow traders to invest small amounts. However, this amount is calculated in real currency. This type of account is suitable for new investors accessing the market with low capital.
Standard account
The Standard account is suitable for experienced FBS traders. Traders can invest with standard lots. Besides, they can also fully utilize the platform’s features and tools.
Zero Spread Account
A Zero Spread account is an account for traders who want to avoid the difference in buying and selling prices (spread). With this type of account, instead of having to bear the difference between the buy and sell price, the trader will have to pay a fixed fee. This account is for traders who already have a clear investment strategy.
ECN account
ECN accounts are accounts reserved for professional traders. With this account, traders can trade directly with liquidity providers and receive competitive spreads.
Conditions to open an FBS broker account
Conditions to open a trading account on FBS forex are extremely simple. Traders only need to have an ID card, citizen identification card, or passport that is still valid; phone number; and email address for authentication.
Steps to register an FBS broker app account
The FBS Forex account registration process includes the following basic steps:
Step 1: Prepare information
To register for an FBS broker app account, you must first prepare all the necessary information. Includes: photocopy of identity card, citizen identification card, or passport that is still valid; Email address, phone number… This information needs to be provided accurately. This way, the later authentication steps will go smoothly.
Step 2: Visit the official website of the FBS trading platform
After you have prepared all the required information, you can proceed to access the official website of FBS to register.
Step 3: Fill in all necessary information and create an account
On the exchange’s home screen, click “Open account”. At this point, the website will display a registration page. You fill in your personal information in the corresponding box. Information to fill in includes full name, date of birth, phone number, email address, country…
After filling in all the information, check it again to make sure it is correct. You read and agree to the terms and conditions of the exchange.
Next, you also need to provide a copy of your ID card, citizen identification card, or passport for verification by uploading documents directly to the website.
Once the documents are verified, the account will be opened. The user will receive login information to the trading platform.
In particular, when opening a trading account for the first time, traders can receive an FBS bonus. This amount can be used for future transactions.
Experience of becoming a successful FBS trader
Currently, the FBS trader trading exchange attracts many traders to participate. However, not everyone can become a successful FBS trader. Below, we share some valuable experiences to help people be more confident in their trading process.
Be disciplined when trading on FBS trader
The first quality of a trader is discipline, the ability to control the mind, body, and emotions. This is considered an important key to help you open the door to success on the FBS forex exchange.
You set specific rules and follow those rules to build habits and help you enter orders more accurately.
Besides, you also need to build yourself a daily work schedule. Every day, follow that schedule. At the same time, try to isolate yourself from all daily distractions, focusing as much as possible on your work before wanting to do anything else.
See more: Instructions for FBS account opening on phone
Set stop loss and cut profit points smartly and correctly when trading on the FBS broker app
Accurately determining stop-loss and profit-taking points is also one of the important factors in a correct trading strategy. You should carefully research the market to make accurate predictions about the price direction. From there, place appropriate orders.
Some people with experience in investing advise that you should use a wider stop-loss level than you think. Because, in many cases, traders predicted the correct direction of the market and chose a good entry point. However, they set the SL distance too short and tight, leading to losses. You need to set the SL level beyond the range of price fluctuations, support, and resistance zones.
Focus on the end-of-day price data table
Traders always tend to want to make profits over a long period. To be able to do this, you must make the most accurate judgments about the market through studying end-of-day price data.
However, end-of-day price data needs to be tracked over a long period. Very few successful traders stay in the market for a long time and only look at a short time to place orders. Performing day trading and scalping is extremely risky, time-consuming, and has a low success rate.
Have a clear investment strategy
Ultimately, a clear and correct investment strategy will help you take solid steps on the path to becoming a successful trader. After carefully researching the market, you set out a specific investment strategy. Then try to follow that strategy every day.
Thus, in the short term, you may not make a profit. However, in the long run, your profits can be unlimited.
Conclude
Above, Learn Forex Trading has provided all the necessary information about FBS broker, steps to register an account on FBS as well as some experiences to become a successful trader. Everyone can apply it in their trading process. Hope you soon achieve what you want.
(FAQ) Some frequently asked questions about the FBS trading platform
To learn more about the FBS trading platform, investors can refer to some of the questions below.
Is the FBS trading platform a scam?
The answer is NO. FBS is considered one of the most reputable trading exchanges in the world in general and in the UK in particular. Therefore, you can completely feel secure when making transactions on the exchange.
Does the FBS trading platform support English?
Yes of course. Currently, the FBS trading platform has built 19 separate websites in each country, including the UK. That’s why the exchange supports English. All customer contact information, questions, and requests will be quickly handled by care staff.
