Open forex account with $1
If you are happy with cookies, please click ' Proceed ' or simply continue browsing. The players on the FOREX market range from huge financial organizations, managing billions, to individuals trading a few hundred dollars. Thanks to the internet you can trade on the FOREX market in the same way as traders from the largest banks and investment funds.
All you need to get started is a computer with internet access and a trading account with a FOREX broker. The single most important thing on the FOREX market is the exchange rate between two currencies a currency pair. In general, the currency exchange rates reflect the health of countries' economies. You decide to buy 1 euros against US dollars. If you look at the FOREX quotes on your trading platform you will see that there are 2 prices for each currency pair.
One is the price at which you can buy, referred to as the "ask price", and the other is the price at which you can sell, referred to as the "bid price". The difference between those two prices is known as the spread.
The ask price is always higher than the bid price. With this leverage you can take a position with times larger value, resulting in times bigger profits or losses, therefore great care is required when placing your trade. Equities on the other hand are traded without leverage. Then pick a currency pair e. The final type of trading account is the Unlimited Account that is usually reserved for institutional and professional traders, which offers a maximum leverage of 1: The Unlimited account is the best type of FBS account due to its favorable trading conditions, lower cost of trading, comparatively lower leverage, and high speed of trade execution.
The FBS trading platforms are connected to high-speed servers, and the company has tweaked the platform slightly to offer the best trading results. FBS customer support is available in 18 different languages and is designed to offer the most comprehensive support to clients from a majority of Asian, European, and Middle Eastern clients. The live chat feature is an excellent feature to get immediate assistance, and official correspondence can be made through emails or phone calls.
Unlimited account holders also enjoy SWAP-free accounts, which is a great feature for long-term traders who hold on to overnight trades. FBS account can help in reducing the cost of trading to a great extent, which is indeed one of the most significant advantages of FBS. Brokers only offer a bonus if traders are willing to accept their terms and conditions, and it is often difficult to satisfy these trading conditions before making a withdrawal of the initial invested amount.
Novice and even experienced traders are susceptible to the risks of higher leverage, as a huge margin of 1: The high leverage is also another factor that contributes to the overall negative image of the company. Profitable FX trading is dependent on striking the perfect balance between all the different tools of the trade, and if done carefully, FBS offers the best resources for making consistent profits in the Forex markets. FBS is a global-scale broker, sticking to the principle of finding individual approach to each client.