Start Trading Today: the Definitive Guide on How to Start Trading on FBS

Introduction

In the vast sea of trading, the first and most important step is to choose a broker. FBS is a reliable international company that provides high-quality and professional brokerage services. Having been on the market for more than 10 years, FBS has proven its worth by not only winning the trust of more than 23 million users, but also by receiving more than 40 international awards.

FBS Markets Inc activities are regulated by IFSC, license number IFSC/000102/310.

Trading on FBS: how to start

One of the main aspects of successful trading is knowledge. FBS provides its clients with a large number of training materials, both for beginning traders and for those who want to improve their level, including:

• Forex Guidebook — this is a constantly updated well-structured training course for Forex traders, consisting of four levels, from Beginner to Experienced.
• Tips for Traders — in this section you will find countless trading secrets to develop your skills.
• Webinars — a library of free educational videos with market overviews and trading insights from leading experts.
• Video lessons — free step-by-step instructions on trading.
• Seminars — the best way to develop your skills and pump up your abilities along with the best market experts.
• Glossary — if you learn a new term, look it up in the glossary so you can better understand all the processes.

You can also use analytics tools:

• Economic Calendar
• Forex Calculators
• Currency Converter

In addition, you can refer to the Blog and News sections to keep track of the most up-to-date and relevant information for your trades. And to test your newly acquired knowledge or for practice, you can open an FBS Demo Account.

Choose Trading Account Types

Depending on your skill level and preference, you can open different types of FBS accounts. The Cent Account is the best option for beginner traders because it allows you to practice and test your trading strategy without the fear of losing a lot of money. And also Standard Account that most clients choose because of its convenience.

The rest is up to you. Here is a handy chart for comparing the terms and conditions of different account types:

Account type	Commission	Minimum deposit	Spread	Leverage
Standard	No	$100	Floating spread from 0.5 pips	Up to 1:1000
Cent	No	$1	Floating spread from 1 pip	Up to 1:1000
Micro	No	$5	Fixed spread of 3 pips	Up to 1:3000
Zero Spread	From $20 per lot	$500	Zero spread	Up to 1:3000
ECN	$6	$1000	Floating spread from -1 pip	Up to 1:500
Crypto	0.05%	$1	Floating spread from 1 pip	Fixed 1:5

Use tools for trading analysis

Useful analytics tools have already been mentioned earlier in this article. Let us take a closer look at their functions and how to use them.

Economic Calendar

Any strong movement in the financial markets begins with the publication of news. These political and economic events are reflected on the price chart. Economic calendar is a fast-updating fundamental analysis tool that allows you to make informed trading decisions.

In the FBS Economic Calendar, you have the ability to use filters to track the indicators that are most relevant to you. You can filter currencies, time zones, and numeric values.

What affects the market the most is how the actual value correlates to the forecast. If the actual value is better than the forecasted value, there is usually an increase in the currency. If the actual value is worse than the forecasted one, it usually leads to a decrease in the value of the currency.

Forex Calculators

Forex Calculator is an indispensable assistant to calculate the potential profits and manage risks. That is, the trader’s calculator calculates the data on transactions online.

To use this tool and calculate the amount of funds needed to open and hold a position, you must specify the following data:

• type of account;
• trading instrument;
• lot size;
• account currency;
• leverage rate;
• ask price and bid price.

After pressing the “Calculate” button you will see the financial result of the deal, opened and closed on the selected conditions.

Currency Converter

Currency Converter live Forex exchange rate calculator. The principle of its operation is pretty straightforward:

• enter an amount of money;
• choose the currency to convert from;
• choose the currency to convert to.

Using these analytical tools will not only simplify your trading, but also help reduce risks and predict further actions.

Explore types of payment methods

For deposit and withdrawal of funds in Thailand, FBS offers several options, including electronic payment systems, credit and debit cards, exchangers and bank wire transfers. Here is what you can choose from:

• Visa
• Neteller
• Sticpay
• Skrill
• Perfect money

Deposit conditions depend on the payment system.

As for withdrawal, you can make it in EUR or USD with minimal commission of 1$. The maximum period of processing a withdrawal is 48 hours.

FBS trading instruments

With FBS, traders in Thailand have access to all the main trading instruments:

• Forex
• Metals
• Indices
• Energies
• Stocks
• Forex Exotic
• Crypto

You can compare the conditions for each type of account and choose the most favorable ones on the FBS website.

Select trading platforms

FBS users in Thailand can choose one of the platforms below and download it directly from the official website.

FBS Trader

• Easy-to-use application
• Access to financial markets anytime and anywhere
• International and local payment methods
• Real-time statistics
• Professional 24/7 chat support
• Available on Android

MetaTrader 4

• Technical analysis tools (50 indicators)
• One-click trading
• VPS service support
• Create, buy, and use Expert Advisors and scripts
• Available on Windows, Mac and Android

MetaTrader 5

• Technical analysis tools (90 indicators)
• One-click trading
• 6 types of pending orders
• 21 timeframes
• More functions to create technical indicators, trading robots and utility apps
• Available on Windows, Mac and Android

In a nutshell, the main difference between the listed platforms is that FBS Trader is a mobile platform, which is best suited for novice traders because of its simple interface. However, this does not affect its functionality. MetaTrader 4 and MetaTrader 5 are more sophisticated platforms with advanced functionality that can be used both on a mobile device and on a PC.

Why is FBS one of the best online brokers

FBS is not just a broker with a long history, which has gained the trust of hundreds of thousands of users around the world and in Thailand. It is a full-fledged trader’s assistant who will be with you every step of the way, ensuring your success.

Let us list again the main advantages of trading with FBS, which will help you make your decision:

• Large updated knowledge base for beginners and professionals
• Powerful analytics tools
• Easy payments processing
• Highest leverage on the market — 1:3000
• Covered commissions
• Low spread
• Special accounts for newbies with lower risks
• Professional multilingual support 24/7
• Profitable loyalty program, partners program, and multi-level bonus system