How to Register and Trade Forex at FBS MT4/MT5
By Forex Trader
How to Register Account at FBS
The process of opening an account at FBS is simple.
How to Register a Trading Account
- Visit the website fbs.com or click here
- Click the "Open an account" button in the top right corner of the website. You’ll need to go through the registration procedure and get a personal area.
- You can register via a social network or enter the data required for account registration manually.
Enter your valid email and full name. Make sure to check that the data is correct; it will be needed for verification and a smooth withdrawal process. Then click on the “Register as Trader” button.
You will be shown a generated temporary password. You can continue using it, but we recommend you to create your password.
An email confirmation link will be sent to your email address. Make sure to open the link in the same browser your open Personal Area is.
As soon as your email address is confirmed, you will be able to open your first trading account. You can open a Real account or Demo one.
Let’s go through the second option. Firstly, you will need to choose an account type. FBS offers a variety of account types.
- If you are a newbie, choose cent or micro account to trade with smaller amounts of money as you get to know the market.
- If you already have Forex trading experience, you might want to choose standard, zero spread or unlimited account.
In order to find out more about the account types, check here the Trading section of FBS.
Depending on the account type, it may be available for you to choose the MetaTrader version, account currency, and leverage.
Congratulations! Your registration is finished!
You will see your account information. Make sure to save it and keep it in a safe place. Note that you will need to enter your account number (MetaTrader login), trading password (MetaTrader password), and MetaTrader server to MetaTrader4 or MetaTrader5 to start trading.
Don’t forget that to be able to withdraw money from your account, you need to verify your profile first.
How to Register with Facebook accountAlso, you have an option to open your account through web by Facebook and you can do that in just few simple steps:
1. Click on Facebook button at registration page
2. Facebook login window will be opened, where you will need to enter your email address that you used to register in Facebook
3. Enter the password from your Facebook account
4. Click on “Log In”
Once you’ve clicked on the “Log in” button, FBS is requesting access to: Your name and profile picture and email address. Click Continue...
After That You will be automatically redirected to the FBS platform.
1. To sign up with a Google+ account, click on the corresponding button in the registration form.
How to Register with Google+ account
2. In the new window that opens, enter your phone number or email and click “Next”.
3. Then enter the password for your Google account and click “Next”.
After that, follow the instructions sent from the service to your email address.
How to Register with Apple ID1. To sign up with a Apple ID, click on the corresponding button in the registration form.
2. In the new window that opens, enter your Apple ID and click “Next”.
3. Then enter the password for your Apple ID and click “Next”.
After that, follow the instructions sent from the service to your Apple ID.
FBS Android App
If you have an Android mobile device you will need to download the official FBS mobile app from Google Play or here. Simply search for “FBS – Trading Broker” app and download it on your device.
The mobile version of the trading platform is exactly the same as web version of it. Consequently, there won’t be any problems with trading and transferring funds. Moreover, FBS trading app for Android is considered to be the best app for online trading. Thus, it has a high rating in the store.
FBS iOS App
If you have an iOS mobile device you will need to download the official FBS mobile app from App Store or here. Simply search for “FBS – Trading Broker” app and download it on your iPhone or iPad.
The mobile version of the trading platform is exactly the same as web version of it. Consequently, there won’t be any problems with trading and transferring funds. Moreover, FBS trading app for IOS is considered to be the best app for online trading. Thus, it has a high rating in the store.
How to Trade Forex at FBS MT4/MT5
How to place a new Order in FBS MT4
1. Once you open the application, youll see a login form, which you need to complete using your login and password. Choose the Real server to log into your real account and the Demo server for your demo account.
2. Please note that every time you open a new account, well send you an email (or go to Account Settings in Personnal Area) containing that accounts login (account number) and password.
After logging in, youll be redirected to the MetaTrader platform. Youll see a big chart representing a particular currency pair.
3. At the top of the screen, youll find a menu and a toolbar. Use the toolbar to create an order, change time frames and access indicators.
MetaTrader 4 Menu Panel
4. Market Watch can be found on the left side, which lists different currency pairs with their bid and ask prices.
5. The ask price is used to buy a currency, and the bid is for selling. Below the ask price, youll see the Navigator, where you can manage your accounts and add indicators, expert advisors, and scripts.
MetaTrader 4 Navigator for ask and bid lines
6. At the bottom of the screen can be found the Terminal, which has several tabs to help you keep track of the most recent activities, including Trade, Account History, Alerts, Mailbox, Experts, Journal, and so forth. For instance, you can see your opened orders in the Trade tab, including the symbol, trade entry price, stop loss levels, take profit levels, closing price, and profit or loss. The Account History tab collects data from activities that have happened, including closed orders.
7. The chart window indicates the current state of the market and the ask and bid lines. To open an order, you need to press the New Order button in the toolbar or press the Market Watch pair and select New Order.
In the window that opens, you’ll see:
- Symbol, automatically set to the trading asset presented on the chart. To choose another asset, you need to select one from the drop-down list. Learn more about Forex trading sessions.
- Volume, which represents the lot size. 1.0 is equal to 1 lot or 100,000 units—profit Calculator from FBS.
- You can set Stop Loss and Take Profit at once or modify the trade later.
- The type of order can be either Market Execution (a market order) or Pending Order, where the trader can specify the desired entry price.
- To open a trade you need to click on either the Sell by Market or Buy by Market buttons.
- Buy orders open by the ask price (red line) and close by the bid price (blue line). Traders buy for less and want to sell for more. Sell orders open by the bid price and close by the ask price. You sell for more and want to buy for less. You can view the opened order in the Terminal window by pressing on the Trade tab. To close the order, you need to press the order and select Close Order. You can view your closed orders under the Account History tab.
This way, you can open a trade on MetaTrader 4. Once you know each buttons purpose, itll be easy for you to trade on the platform. MetaTrader 4 offers you plenty of technical analysis tools that help you trade like an expert on the Forex market.
How to place a Pending Orders
Unlike instant execution orders, where a trade is placed at the current market price, pending orders allow you to set orders that are opened once the price reaches a relevant level, chosen by you. There are four types of pending orders available , but we can group them to just two main types:
How Many Pending Orders in FBS MT4
- Orders expecting to break a certain market level
- Orders expecting to bounce back from a certain market level
Buy StopThe Buy Stop order allows you to set a buy order above the current market price. This means that if the current market price is $20 and your Buy Stop is $22, a buy or long position will be opened once the market reaches that price.
Sell StopThe Sell Stop order allows you to set a sell order below the current market price. So if the current market price is $20 and your Sell Stop price is $18, a sell or ‘short’ position will be opened once the market reaches that price.
Buy LimitThe opposite of a buy stop, the Buy Limit order allows you to set a buy order below the current market price. This means that if the current market price is $20 and your Buy Limit price is $18, then once the market reaches the price level of $18, a buy position will be opened.
Sell LimitFinally, the Sell Limit order allows you to set a sell order above the current market price. So if the current market price is $20 and the set Sell Limit price is $22, then once the market reaches the price level of $22, a sell position will be opened on this market.
Opening Pending OrdersYou can open a new pending order simply by double-clicking on the name of the market on the Market Watch module. Once you do so, the new order window will open and you will be able to change the order type to Pending order.
Next, select the market level at which the pending order will be activated. You should also choose the size of the position based on the volume.
If necessary, you can set an expiration date (‘Expiry’). Once all these parameters are set, select a desirable order type depending on whether you would like to go long or short and stop or limit and select the ‘Place’ button.
As you can see, pending orders are very powerful features of MT4. They are most useful when youre not able to constantly watch the market for your entry point, or if the price of an instrument changes quickly, and you don’t want to miss the opportunity.
How to close Orders in FBS MT4To close an open position, click the ‘x’ in the Trade tab in the Terminal window.
Or right-click the line order on the chart and select ‘close’.
If you’d like to close only a part of position, click the right-click on the open order and select ‘Modify’. Then, in the Type field, select instant execution and choose what part of the position you want to close.
As you can see, opening and closing your trades on MT4 is very intuitive, and it literally takes just one click.
Using Stop Loss, Take Profit and Trailing Stop in FBS MT4
One of the keys to achieving success in financial markets over the long term is prudent risk management. That’s why stop losses and take profits should be an integral part of your trading.
So let’s have a look how to use them on our MT4 platform to ensure you know how to limit your risk and maximise your trading potential.
Setting Stop Loss and Take ProfitThe first and the easiest way to add Stop Loss or Take Profit to your trade is by doing it right away, when placing new orders.
To do this, simply enter your particular price level in Stop Loss or Take Profit fields. Remember that Stop Loss will be executed automatically when the market moves against your position (hence the name: stop losses), and Take Profit levels will be executed automatically when the price reaches your specified profit target. This means that you’re able to set your Stop Loss level below the current market price and Take Profit level above current market price.
It’s important to remember that a Stop Loss (SL) or a Take Profit (TP) is always connected to an open position or a pending order. You can adjust both once your trade has been opened and you’re monitoring the market. It’s a protective order to your market position, but of course they are not necessary to open a new position. You always can add them later, but we highly recommend to always protect your positions*.
Adding Stop Loss and Take Profit LevelsThe easiest way to add SL/TP levels to your already opened position is by a using trade line on the chart. To do so, simply drag and drop the trade line up or down to specific level.
Once you’ve entered SL/TP levels, the SL/TP lines will appear on the chart. This way you can also modify SL/TP levels simply and quickly.
You can also do this from the bottom ‘Terminal’ module as well. To add or modify SL/TP levels, simply right-click on your open position or pending order, and choose ‘Modify or delete order’.
The order modification window will appear and now you’re able to enter/modify SL/TP by the exact market level, or by defining the points range from the current market price.
Stop Losses are intended for reducing losses when the market moves against your position, but they can help you lock in your profits as well.
While that may sound a bit counterintuitive at first, its actually very easy to understand and master.
Let’s say you’ve opened a long position and the market moves in the right direction, making your trade a profitable one at present. Your original Stop Loss, which was placed at a level below your open price, can now be moved to your open price (so you can break even) or above the open price (so you are guaranteed a profit).
To make this process automatic, you can use a Trailing Stop. This can be a really useful tool for your risk management, particularly when price changes are rapid or when you’re unable to constantly monitor the market.
As soon as the position turns profitable, your Trailing Stop will follow the price automatically, maintaining the previously established distance.
Following the example above, please bear in mind, however, that your trade needs to be running a profit large enough for the Trailing Stop to move above your open price, before your profit can be guaranteed.
Trailing Stops (TS) are attached to your opened positions, but it’s important to remember that if you have a trailing stop on MT4, you need to have the platform open for it to be successfully executed.
To set a Trailing Stop, right-click the open position in the ‘Terminal’ window and specify your desired pip value of distance between the TP level and the current price in the Trailing Stop menu.
Your Trailing Stop is now active. This means that if prices change to the profitable market side, TS will ensure the stop loss level follows the price automatically.
Your Trailing Stop can easily be disabled by setting ‘None’ in the Trailing Stop menu. If you want to quickly deactivate it in all opened positions, just select ‘Delete All’.
As you can see, MT4 provides you with plenty of ways to protect your positions in just a few moments.
*Whilst Stop Loss orders are one of the best ways to ensure your risk is managed and potential losses are kept to acceptable levels, they don’t provide 100% security.
Stop losses are free to use and they protect your account against adverse market moves, but please be aware that they cannot guarantee your position every time. If the market becomes suddenly volatile and gaps beyond your stop level (jumps from one price to the next without trading at the levels in between), it’s possible your position could be closed at a worse level than requested. This is known as price slippage.
Guaranteed stop losses, which have no risk of slippage and ensure the position is closed out at the Stop Loss level you requested even if a market moves against you, are available for free with a basic account.
FAQ of MetaTrader
How to set up the connection in case you have "NO CONNECTION" error in MetaTrader:
How to log in to my trading account?
1 Click on "File" (top left corner in MetaTrader).
2 Select "Login to Trade Account".
3 Enter the account number into the "Login" section.
4 Enter a trading password (to be able to trade) or investor password (only for observation of activity; placing orders option will be switched off) to the "Password" section.
5 Select the proper server name from the list suggested at the "Server" section.
Please, kindly be informed that the number of the Server was given to you at the opening of the account. If you do not remember the number of your Server, you can check it while recovering your trading password.
Also, you can insert the Server address manually instead of choosing it.
How to log in to the MetaTrader4 mobile application? (Android)We highly recommend you to download the MetaTrader4 application for your device right from our site. It will help you to log in with FBS easily.
To log in to your MT4 account from a mobile application, please, follow the steps below:
1. On the first page (“Accounts”) click on the “+” sign:
2 In the opened window, click on the “Login to an existing account” button.
3 If you have downloaded the platform from our website, you will automatically see “FBS Inc” in the brokers list. However, you need to specify your account server:
Login credentials, including the account server, were provided to you during the account opening. If you dont remember the server number, you can find it in the account settings by clicking on your trading account number in the web Personal Area or FBS Personal Area application:
4 Now, enter the account details. In the “Login” area, type your account number, and in the “Password” area, type the password generated for you during the account registration:
5. Click on “Login”.
If you have any difficulties logging in, please generate a new trading password in your Personal Area and try to log in with the new one.
How to log in to the MetaTrader5 mobile application? (Android)We highly recommend you to download the MetaTrader5 application for your device right from our site. It will help you to log in with FBS easily.
To log in to your MT5 account from a mobile application, please, follow these steps:
1 On the first page (“Accounts”) click on the “+” sign.
2 If you have downloaded the platform from our website, you will automatically see “FBS Inc” in the brokers list. Click on it.
3 In the “Login to an existing account” field choose the Server you need (Real or Demo), in the “Login” area, please, type your account number and in the “Password” area type the password generated for you during the account registration.
4 Click on “Login”.
In case you have difficulties with logging in, please, generate a new trading password in your Personal Area and try to log in with the new one.
We highly recommend you to download the MetaTrader5 application for your device right from our site. It will help you to log in with FBS easily.
How to log in to the MetaTrader5 mobile application? (iOS)
To log in to your MT5 account from the mobile application, please, follow these steps:
1 Click on “Settings” in the right lower part of the screen.
2 At the top of the screen, please, click on “New account”.
3 If you have downloaded the platform from our website, you will automatically see “FBS Inc” in the brokers list. Click on it.
4 In the “Use existing account” field choose the Server you need (Real or Demo), in the “Login” area, please, type your account number and in the “Password” area type the password generated for you during the account registration.
5 Click on “Sign In”.
In case you have difficulties with logging in, please, generate a new trading password in your Personal Area and try to log in with the new one.
What is the difference between MT4 and MT5?Though many may think that MetaTrader5 is just an upgraded version of MetaTrader4, these two platforms are different and each better serves particular purposes.
Let’s compare these two platforms:
MetaTrader4 trading platform has a simple and easily understandable trading interface and mostly used for Forex trading.
MetaTrader5 trading platform has a slightly different interface and gives the possibility to trade stocks and futures.
In comparison with MT4, it has a deeper tick and chart history. With this platform, a trader can use Python for Market analysis and even log in to the Personal Area and perform financial operations (deposit, withdrawal, internal transfer) without leaving the platform. More than that, there’s no need to remember the server number on MT5: it has only two servers - Real and Demo.
Which MetaTrader is better? You can decide it for yourself.
If you are only at the beginning of your way as a trader, we would recommend you to start with MetaTrader4 trading platform due to its simplicity.
But if you are an experienced trader, who, for example, needs more features for analysis, the MetaTrader5 suits you the most.
Wish you successful trading!
I want to see the Ask price on the chartBy default, you can see only the Bid price on the charts. However, if you want the Ask price to be displayed as well, you can enable it in a couple of clicks by following the instructions below:
- Mobile (iOS);
- Mobile (Android).
First, please, log in to your MetaTrader.
Then choose the menu "Charts".
In the drop-down menu, please, click on "Properties".
Or you can simply press the F8 key on your keyboard.
In the opened window choose the “Common” tab and put a check for the “Show Ask line” option. Then click "OK".
To enable the ask line on iOS MT4 and MT5, you must successfully log in first. After that, please:
1. Go to the Setting of the MetaTrader platform;
2. Click on the Charts tab:
Click on the button next to the Ask Price Line to turn it on. To turn it off again, click on the same button:
As for Android MT4 and MT5 app, please, follow the steps below:
- Click on the Chart tab;
- Now, you need to click anywhere on the chart to open the contextual menu;
- Find the Settings icon and click on it;
- Select the Ask price line checkbox to enable it.
FBS offers the most favourable trading conditions to use almost all trading strategies without any restrictions.
Can I use an Expert Advisor?
You can use automated trading with the help of expert advisors (EAs), scalping (pipsing), hedging, etc.
Though, please, kindly note that according to the Customer Agreement:
3.2.13. The Company doesn’t allow the usage of arbitrage strategies on connected markets (e.g. currency futures and spot currencies). In case the Client uses arbitrage in either clear or hidden way, the Company reserves a right to cancel such orders.
Kindly consider that though trading with EAs is allowed, FBS does not provide any Expert Advisors. The results of trading with any Expert Advisor is your responsibility.
We wish you successful trading!
Source: How to Register and Trade Forex at FBS MT4/MT5 - https://fstradingx.com/how-to-register-and-trade-forex-at-fbs-mt4-mt5-00031923
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