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.
What is Algorithmic Trading?
Algorithmic trading (algo trading, automated trading, or black-box trading) stands for trading through the system that uses a pre-programmed set of rules (algorithm). It helps traders automate their trading decisions, make quick entries in a volatile environment, and mix signals from different indicators based on timing, price, quantity, or mathematical model. There are two types of algo trading: high-frequency trading and low-frequency trading. High-frequency trading (HFT) is executed through powerful computers that process many orders within a second. This type of algo trading is usually conducted by big institutional players. On the other hand, low-frequency trading is based on the knowledge of technical analysis.
Benefits of Algo Trading
Algorithmic trading has advantages over manual trading. First, it allows traders to notice different relevant signals for a potential entry. This makes algo trading a perfect option for scalpers, who trade on smaller timeframes. Secondly, algo trading robots are usually programmed with popular coding languages including Python, C++, Java, C#, or R. It allows traders to be flexible and gain more knowledge. Thirdly, algo trading is a powerful element of the MetaTrader’s universe since this software has its integrated development environment MQL5 IDE. Thus, no special programs are needed to create a trading robot, only the knowledge of MQL4 (for Metatrader 4) or MQL5 (for Metatrader 5).
Disadvantages of Algo Trading
If you start algo trading, you need to keep in mind that the market is constantly changing. Thus, the appropriate signals during one economic cycle can be inappropriate for other conditions. That is why you need to work on improving your trading algorithm all the time.
You can read a guide to algo trading in the FBS Guidebook.
2022-07-26 • Updated