FBS brokers offer features that can support news traders in executing their strategies, including an economic calendar and updated market news.
News trading is highly favored by traders because economic and financial news like employment data, interest rate policies, economic growth reports, and political events have significant potential to influence the financial markets. Traders have the opportunity to gain profits by quickly responding to price movements caused by this information.
Therefore, timing is crucial in news trading. Traders must be adept at entering or exiting the market at the right moment. A slight miscalculation in strategy could expose traders to risks such as unpredictable volatility or slippage.
Consequently, many news traders rely on tools like an economic calendar to stay informed about upcoming events and their potential impact. News traders also need to interpret the effects on the traded currency pairs, making analytical tools crucial for assistance.
The good news is that FBS broker provides comprehensive supporting features for news trading. This global multi-asset broker provides an economic calendar, news updates, articles, and daily analytics—all vital tools for news traders. Shall we explore these FBS features in more detail?
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.
1. FBS Economic Calendar
The first feature for news trading at FBS broker is the economic calendar. An economic calendar is a tool used to view the schedule of all significant events worldwide, both past and upcoming, on a daily basis.
This news trading feature is also available in the FBS mobile app. If you have it installed, go to the "More" menu and click on "Calendar." So, if you're a news trader who enjoys trading on the go, you can still trade comfortably without the need to open other apps to check the news.
For news traders, this FBS feature is highly crucial as it helps you to anticipate volatility resulting from important news releases and assists in determining the positions to be opened. The FBS economic calendar comprises several elements; let's discuss them one by one.
Adjusting Time Settings
At the top, you'll encounter a white column labeled with information about time zones, as depicted below.
This column serves the purpose of fine-tuning the schedule of news releases to align with the time zone of your current location.
For instance, if you happen to be in Korea, simply set it to (UTC +9:00). After making this adjustment, the timing of events in the economic calendar will seamlessly synchronize with your present time zone.
Modifying it is a straightforward process; just click on the column, scroll to locate the suitable time zone, and watch as the calendar schedule updates automatically.
Selecting Financial Assets
What's intriguing about the FBS economic calendar is that it not only covers forex market events but also includes stocks and dividends. For those who engaged in stock trading to diversify your portfolios, you can utilize the stock and dividend calendar to stay informed about important release schedules.
Impact, Previous, Forecast, and Actual
These are the most essential elements in the economic calendar. Below the column labeled "Impact," you will find differently colored dots for each event. These dots serve as a measure of the impact of that particular event on the forex market.
A green dot signifies a low impact, two yellow dots indicate a moderate impact, and three red dots mean a high impact. It's crucial to pay attention to events with three red dots as these are typically the ones that move the market.
After assessing the impact, shift your focus to the "Previous," "Forecast," and "Actual" columns.
- The "Previous" value refers to the data or indicator's actual result from the previous release. It provides a historical context, showing how the particular economic indicator performed in the last reporting period.
- Traders use the previous value to gauge the trend or direction in which the economic indicator is moving. An increase, decrease, or stability in the previous value can influence market sentiment.
- Traders use the previous value to gauge the trend or direction in which the economic indicator is moving. An increase, decrease, or stability in the previous value can influence market sentiment.
- The "Forecast" value represents the consensus or expert predictions for the upcoming release. Analysts and economists compile these forecasts based on various factors, including economic data, trends, and geopolitical events.
- Comparing the forecast with the previous value helps traders anticipate market reactions. If the actual result aligns with the forecast, it may have a limited impact. Deviations from the forecast, however, can lead to more significant market movements.
- Comparing the forecast with the previous value helps traders anticipate market reactions. If the actual result aligns with the forecast, it may have a limited impact. Deviations from the forecast, however, can lead to more significant market movements.
- The "Actual" value is the real-time result or the actual figure that is released at the time of the economic event. It reflects the current state of the economic indicator and is the key driver of immediate market reactions.
- Traders closely watch the actual value because it indicates whether the economic data exceeded, met, or fell short of market expectations. Significant differences between the actual and forecast values can cause volatility in the market.
Reading example:
Let's say a country releases its GDP data.
- "Previous" might be 4.5%
- "Forecast" could be 4.8%
- "Actual" turns out to be 5.0%
A country's GDP is a measure of its economic output. A higher GDP indicates that a country is producing more goods and services, which can lead to a number of positive outcomes.
In this example, traders would note that the actual value (5.0%) is better than both the previous (4.5%) and the forecast (4.8%), which could lead to positive market sentiment for that country's currency.
Simplify Specific Searches with Filters
Next to the FBS calendar, you'll find a section labeled "Filter". If you want to search for specific events more precisely, use this tool.
First, set the date. You can adjust it far into the future to view upcoming events or set it to the past. Below that, there are additional filters like "today", "tomorrow", "yesterday", "this month", and so on.
Then, beneath the date filter, there's the currency filter. You can click on the currency you're interested in to see its events. As you can see, an unfiltered economic calendar displays numerous currencies, making this currency filter extremely helpful.
Below that, there's the impact filter, which is equally important. You can adjust the calendar to show only high-impact events, so you don't have to scroll extensively to find them.
Once you've finished adjusting the filters, don't forget to click "Apply". After that, the FBS economic calendar will update according to the filters you've set. If you want to clear the filters, simply click "Clear".
For more details, check out the following video that provides a comprehensive explanation of how to correctly read the economic calendar.
2. News and Articles Section
FBS introduces an additional news trading feature, comprising the latest news and articles that thoroughly delve into significant economic events.
The Forex Market News page offers a comprehensive compilation of regularly updated news, while the FBS Daily Market Analysis page focuses on articles specifically addressing the impact of news on the forex market.
This feature proves immensely valuable, particularly for novice news traders, as relying solely on the economic calendar may prove insufficient for making well-informed trading decisions.
The Forex Market News page features a time zone column facilitating the location of the latest news in alignment with your current time zone. Beyond forex, the page also includes news articles encompassing stocks, commodities, and general economic topics.
Meanwhile, the Daily Market Analysis page provides more in-depth explanations. In a particular article, the analysis is conducted by the FBS team, offering insights into bullish/bearish directions and their significant levels.
The analysis extends beyond forex, covering stocks, energies, crypto, and metals as well.
3. Daily VIP Analytics
If you want to receive more comprehensive analysis reports regularly, you can use the FBS Daily VIP Analytics feature.
This feature is highly beneficial because FBS broker will send you more detailed analyses every day, from Monday to Friday, without the need for a subscription. In other words, this FBS feature doesn't require you to pay any fees to access it.
All you need to do is ensure your deposit is $500 or above. Also, make sure to trade in the next 30 days after getting your first report to keep it consistently delivered. Once the amount falls below $500, you won't receive reports anymore; it's as simple as that.
You also don't need to sign up for anything because after depositing $500, FBS will immediately send you the daily VIP analysis. The daily report analysis from FBS consists of the agenda and the key events to pay attention to, the latest news, technical analysis of currency pairs, and a reminder of important economic events taking place today.
The analysis is not only in English but also includes Spanish, Thai, Portuguese, Malaysian, Indonesian, and Arabic. The language of the report depends on the language you have chosen in your account. If your language is not on this list, you will receive the report in English.
The daily report will be sent to your email every day as soon as FBS analysts conduct the market research. Usually, you get it by 12 p.m. (UTC+3).
FBS is a worldwide broker with a presence in more than 150 countries. More than 23 million traders and over 400k partners have chosen FBS as their preferred forex brokerage company. To provide the best customer experience, FBS organizes seminars and special events.