FBS has long been recognized as an accomplished brokers for many types of traders. What does it offer for short-term traders? Is FBS truly good for day trading?
Day trading is a short-term strategy that involves the buying and selling of a financial instrument within the same day or even several times during a particular day. It essentially revolves around taking advantage of small price movements in the market and if timed correctly, it can be a highly profitable trading strategy. However, day trading requires discipline, precision, and the right broker. Not all brokers support day trading due to the high volume of trades involved. Those interested in day trading should confirm that the broker they are about to sign up with supports it such as FBS broker.
Day trading tends to utilize a wide range of techniques to take advantage of what is seen as market inefficiencies. As such, technical analysis is involved along with a high degree of focus and objectivity. Day trading also features the use of high leverage as this helps to compound any profits made but it applies to losses as well. The main goal of a day trader is to generate as many profits as possible during the day without keeping trading positions open overnight.
What Day Traders Can Acquire with FBS
As an international broker that offers trading in forex, stocks, indices, and commodities, FBS broker has an enormous number of clients from over 150 countries worldwide. FBS focuses on providing an excellent customer experience by organizing special events and seminars where clients are offered training materials, top-notch trading technologies, and current strategies on the forex market. These sessions are aimed at all kinds of traders whether novice or experienced or day traders.
Since 2009, the action of FBS Holding Inc. or known as FBS in the world of forex trading has been recognized by various international institutions. With clients reaching 14 million as of 2019, FBS has received the title of Most Transparent Forex Broker 2018, Best Investor Education 2017, Best Customer Service Broker Asia 2016, IB FX Program, and many others.
FBS is regulated by FSC Belize and CySEC Cyprus. This broker has been trusted by millions of traders and 370 thousand partners from various countries. Based on their data, FBS garners about 7,000 new traders and partner accounts every day. And, 80% of the clients stay in the FBS for a long time. No wonder the broker is growing rapidly due to the incredible growth in the number of clients.
Trading products offered by FBS range from forex, CFD, precious metal, and stock. For forex trading, CySEC-regulated FBS offers leverage up to 1:30 on Cent and Standard Accounts. Clients who want to try higher leverage than that can alternatively register an account under FBS Belize.
FBS spread begins from 0.5 pips for Pro account type and from 0.7 pips for Standard and Cent accounts. On a standard account, volume orders can be made from 0.01 to 500 lots. Therefore, this account is recommended for experienced traders.
Whereas on Cent Accounts, volume orders can be carried out with a maximum of 500 cent lots or the equivalent of 5 standard lots. Cent Accounts involve a different level of risk. FBS recommends Cent Accounts for beginner traders. All account types support the following trading instruments: 36 Forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, 5 crypto pairs.
Before plunging into the real forex market, traders can practice with FBS Demo Account which consists of two types, i.e Standard and Cent.
FBS uses the MetaTrader 4 and MetaTrader 5 platforms. They offer them on Windows and Mac as well as Android and iOS mobile. These platforms provide a trading experience at traders' fingertips, allowing traders to progress as a trader anywhere at any time.
MetaTrader platforms also have a variety of mainstay features, including the possibility to create, buy, and use expert advisors (EA) and scripts, One-click trading and embedded news, technical analysis tools, the possibility to copy deals from other traders, hedging positions, and VPS service support.
Another advantage provided by FBS is a deposit bonus of 100% for clients who fulfill certain requirements. The process of FSCing and withdrawing funds can be run easily and quickly. Based on clients' testimonies, each process usually takes no more than 3-4 hours, except on holidays.
Traders also have the opportunity to develop a side business when trading with FBS, namely as an Introducing Broker (IB) or Affiliate. The FBS partnership system provides partner commissions that are already in 3 level positions. Only by introducing new clients to FBS according to certain procedures, traders can earn extra income.
Traders will also get trading education experience at FBS. They have prepared a comprehensive forex course. The course consists of 4 levels: beginner, elementary, intermediate, and experienced. Traders can take courses that will turn them from newbies to professionals. All materials are well-structured. Besides, FBS provides various forex analyzes, webinars, forex news, and daily market analysis that can be accessed easily on their site.
Traders can access the FBS website with many language choices. Of course, this will increasingly provide comfort for traders. Available languages include English, Italian, French, Portuguese, Indonesian, Spanish, and others. Live chat support is also provided 24 hours 7 days a week.
In conclusion, FBS is a widely known broker among retail traders around the world. It continually grows to become a preferred broker because of flexible trading conditions that enable its clients to trade with various instruments, low deposit, and other trading advantages.
FBS is good for day trading because it recognizes what day traders need and it has made the necessary tools available. For instance, the broker has a leverage of 1:3000 which is the highest leverage. If applied right, it could give day traders the chance to make huge profits from multiple trades. The broker also offers a low spread which is quite important because it means traders will not end up with enormous transaction costs for the multiple daily trades they will be executing.
The minimum deposit is also relatively affordable. Day trading requires having sufficient capital because a fairly large amount of capital is usually needed to effectively capitalize on price movements within the day.
Furthermore, FBS provides educational materials that cover specific areas that are beneficial to a day trader. Knowledge is vital to be successful in day trading because there has to be an understanding of market fundamentals while being skillful in chart reading and technical analysis. The educational materials focus on risk management, trading forex news, reading chart patterns, trading breakouts, and understanding Elliot Wave analysis along with other vital information. There is also information on algorithmic trading that day traders can use to enhance their prospects of making profits in the market.
Due to the high frequency with which day traders turn over their positions, they need to trade with financial instruments that are highly liquid because it allows them to adjust their positions without interfering with the price of the instrument. FBS trading platforms has a wide variety of financial instruments that fall into this category.
FBS also provides recommendations that have proven useful and reliable over the years. A good example is that in terms of news and fundamental data, traders should not focus on the actual numbers from an economic release but rather on the reaction of market participants following the publication of the data. Furthermore, day traders are advised to put aside their guesses and thoughts to instead listen to what the market is really saying because they are not trading the market for confirmation of guesses but rather to make money.
Specific technical indicators that support day trading are also made available and a good example is the 10-period Exponential Moving Average which is effective for differentiating between bullish and bearish situations in short-term trades. Lastly, there is 24/7 customer support to help clients navigate any challenges they might face while trading, and that is highly important.
15 Comments
Mar 16 2023
I'm new here and sometimes I get confused about leverage. I've read that high leverage can be both beneficial and risky. It can help you make more profit, but it can also hurt you. It's generally believed that the higher the leverage, the riskier the trade. FBS offers very high leverage, up to 1:3000, and requires only a $1 deposit. I'm wondering how I can trade with such high leverage at FBS, and whether it's possible to adjust the leverage. Additionally, I'm curious why FBS is able to offer such high leverage when other brokers offer only up to 1:500. Thank you!
Mar 16 2023
I can answer your questions.
it is possible to trade with leverage 1:3000 with a minimum deposit of $1 at FBS. FBS offers this option to traders who want to trade with very high leverage, but it's important to note that trading with high leverage also comes with higher risks. Such like overtrade is always occured with beginner trader that have 1:3000 leverage.
Yes, FBS allows traders to change their leverage at any time. To change your leverage, you need to login to your FBS account and go to the "Account Settings" section. From there, you can adjust your leverage according to your preferences.
FBS is an international broker and operates under different regulatory jurisdictions, which may allow it to offer higher leverage than other brokers.
Additionally, FBS may have more flexible risk management policies that enable it to offer high leverage while still managing risk effectively. However, it's important to note that high leverage also comes with higher risks, and traders should always exercise caution when trading with high leverage.
Mar 16 2023
You're correct that high leverage comes with higher risk, as I've also read. However, sometimes the prospect of having more buying power with higher leverage can be tempting, as it allows you to trade with less deposited capital.
Fortunately, at FBS, you can adjust the leverage to suit your preference, meaning you can deposit an amount that aligns with your desired leverage. FBS's leverage options are quite good, and the flexibility of adjusting your leverage can make for a better risk management strategy, particularly for day traders who require more preparation. Thank you for the response!
Mar 16 2023
According to the article, FBS may be well-suited for day traders due to its high leverage and low spreads. However, the article did not disclose the exact spread value offered by FBS, leaving me uncertain about this aspect. Additionally, I am unsure about the trading platform that FBS provides for traders to use.
To determine if FBS is a good option for day trading, I am curious about the trading volume that is transacted through the FBS brokers. I am seeking confirmation about this because I am considering opening an account with them. Also have been interested in the higher leverage in there too
Mar 16 2023
Let me answer dude, FBS offers traders several trading platforms to choose from, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are both popular and widely used trading platforms. These platforms are available for use on desktop, web, and mobile devices. The spread value offered by FBS varies depending on the trading account type and the trading instrument being used. Generally, FBS offers competitive spreads that are among the lowest in the industry. You can read about FBS trading condition in this website too! Just snap in the broker review menu in the above or click the review at the FBS detail in this page. About the minimum open position, you can just choose from minimum 0.01 lot!
Additional information, FBS has a large and active trading community, with millions of traders worldwide. They transact billions of dollars in trading volume each month, which is a testament to the popularity and reliability of the broker. Additionally, FBS has won numerous awards for their services and features, including the "Best Forex Broker Asia" and "Best Customer Service Broker Asia" awards from the Global Banking & Finance Review for several years in a row!
May 4 2023
I'm new to trading and I have a question about day trading. In an article I read, it mentioned that day traders need to use highly liquid financial instruments to be able to adjust their positions without affecting the price of the instrument. I'm not sure which instruments are considered highly liquid, would Forex be a good option? And also, does FBS offer highly liquid trading instruments? Sorry if these are basic questions, but I'm still trying to understand the world of trading.
May 6 2023
Sure, I can help answer your question. Day trading is a type of trading where traders open and close positions within the same day, which means they need to be able to quickly adjust their positions based on market conditions. Therefore, day traders need to trade financial instruments that are highly liquid, meaning they can be easily bought or sold without affecting the market price. Some examples of highly liquid instruments include major currency pairs in Forex, such as EUR/USD and USD/JPY, as well as popular stocks and indices.
As for FBS, they offer a variety of financial instruments for trading, including major currency pairs, stocks, indices, and commodities. These instruments are highly liquid, which means they can be traded easily and with low spreads. Additionally, FBS provides traders with advanced trading platforms, such as MetaTrader 4 and MetaTrader 5, which offer a range of tools and features to help traders execute their trades efficiently and effectively.
May 4 2023
As a beginner in Forex trading, do you have any suggestions on which trading style may be suitable for me? I find day trading interesting compared to scalping, but which one carries a higher risk? Also, what about swing trading? Can it be done with smaller capital, or does it require more capital because trades are held for several days, potentially resulting in higher floating losses? Although the potential profits seem significant. Ultimately, which trading style would suit someone who desires lower risk? Thank you.
May 5 2023
As a beginner in Forex trading, choosing a suitable trading style can be overwhelming. Day trading and swing trading are two popular options, but which one is riskier? Day trading involves opening and closing positions within the same day, while swing trading involves holding positions for multiple days. Generally, day trading is considered riskier due to the high frequency of trades and the need for quick decision-making.
Swing trading can be done with a smaller capital, but it requires patience and the ability to handle potential losses. It's important to keep in mind that no trading style is completely risk-free, and it ultimately depends on your individual preferences and risk tolerance. If you're looking for a lower-risk option, you may want to consider swing trading with a smaller capital and being prepared to hold positions for a longer period of time.
May 6 2023
I agree! As a beginner, it's important to start trading at a slower pace and focus on lower-risk strategies to avoid significant losses. One strategy that could be suitable for beginners is medium-term trading, which typically involves holding positions for several days to a few weeks. This approach allows traders to avoid the volatility and fast-paced nature of day trading and scalping, which can be overwhelming for those just starting.
Swing trading is another strategy that can be profitable for beginners, as it involves holding positions for a few days to several weeks to capture trends in the market. However, it's important to note that swing trading requires more capital than day trading, as positions are held for a longer period and may be subject to higher floating losses. It's also crucial to have a solid understanding of technical analysis and risk management strategies when swing trading.
May 18 2023
Hey, buddy! I was going through this article on day trading, and it got me thinking. When it comes to day trading, it's all about being nimble and taking advantage of those small market movements, right? So, I wanted to ask you about FBS. How do they go the extra mile to support day traders like us? You know, having the right tools and resources at our fingertips can make a huge difference. So, what's FBS's approach when it comes to catering to the needs of day traders? I mean other than higher leverage, minimum deposit that lower, and educational material or the other things that not mentioned in the article. I'm curious to hear your thoughts on how they make our trading experience smoother and more efficient.
May 19 2023
As a day trader, having a reliable trading platform with fast execution is crucial. It allows you to swiftly enter and exit trades, capitalize on short-term price movements, and seize trading opportunities as they arise.
With FBS, you can indeed expect a top-notch trading platform that is designed to meet the needs of active day traders. Their platform offers a user-friendly interface, advanced charting tools, and real-time market data, enabling you to analyze price movements, identify trends, and execute trades with precision.
Furthermore, FBS is known for its fast execution speeds. When it comes to day trading, every second counts, ands in order execution can significantly impact your profitability. FBS understands this and has optimized their systems to ensure fast order processing, minimizing any slippage or latency issues that could hinder your trading performance.
By providing a reliable trading platform and fast execution, FBS enables day traders to trade with confidence and efficiency.
May 22 2023
Absolutely agree! FBS provides trading platforms that are well-suited for day traders. Day trading requires quick decision-making and the ability to execute trades promptly. FBS understands this need and offers trading platforms with fast and reliable order execution, ensuring that traders can take advantage of short-term price movements efficiently.
And the good news here, The MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms offered by FBS are renowned for their speed and reliability, making them suitable for day trading. These platforms provide real-time price quotes, multiple timeframes for analysis, and a wide range of technical indicators to help day traders make informed trading decisions.
May 22 2023
So, I was reading this article about day trading, and it mentioned that day traders use various techniques to take advantage of market inefficiencies. They rely heavily on technical analysis and need to stay focused and objective. I also learned that day trading involves high leverage, which can amplify both profits and losses.
Now, here's what I'm curious about: Can we also use fundamental analysis in day trading? I mean, besides technical analysis, is it possible to consider fundamental factors when making day trading decisions? And if it is possible, what features should brokers offer to support traders who want to incorporate fundamental analysis into their day trading strategies?
May 23 2023
Regarding fundamental analysis in day trading, it is possible to incorporate it alongside technical analysis. Fundamental analysis involves assessing the underlying factors that drive an asset's value, such as economic indicators, company financials, and news events. While technical analysis is more commonly used in day trading, some traders may also consider fundamental factors to inform their trading decisions.
When choosing a broker for day trading that supports fundamental analysis, several features can be beneficial. These may include access to real-time news feeds and economic calendars, comprehensive financial statement information, research reports, and analysis tools. These features enable traders to stay updated with market events, track company performance, and make more informed trading decisions based on fundamental factors. And the good news here, FBS do have all that feature as well!