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FBS Cent Account Overview FBS's cent account is a special type of trading account that allows traders to practice and test their trading strategies using virtual funds, represented in cents. It is an excellent way for beginner traders to gain experience in the financial markets without risking real capital. Benefits of Using a Cent Account - Risk-free trading: Cent accounts allow traders to trade without the risk of losing real money. This is especially beneficial for beginners who are still learning the basics of trading. - Practice and testing: Cent accounts provide a safe environment for traders to practice their trading strategies and test new ones. - Low minimum deposit: Cent accounts typically have a very low minimum deposit requirement, making them accessible to traders of all levels. Drawbacks of Using a Cent Account - Psychological differences: Trading with virtual funds can lead to different psychological responses than trading with real mo...

Forex Company Overview Forex company - Forex companies, also known as foreign exchange brokers, are financial institutions that facilitate the trading of currencies in the foreign exchange (forex) market. The forex market is a decentralized global market where currencies are traded 24 hours a day, five days a week. Forex trading involves buying and selling currencies in pairs, such as the US dollar (USD) and the euro (EUR). The goal of forex trading is to profit from fluctuations in the exchange rates between currencies. Forex traders can be individuals, banks, corporations, or other financial institutions. Types of Forex Companies There are different types of forex companies, each offering a unique set of services and features. Some of the most common types of forex companies include: Market makers : Market makers quote bid and ask prices for currencies and facilitate trades between their clients. They typically charge a spread, which is the difference between the ...

Overview of FTMO Demo Account The FTMO Demo Account is a simulated trading account that allows traders to test their trading strategies and skills without risking real capital. It is an excellent tool for traders who want to improve their trading performance and develop a consistent trading strategy before trading with real money. To be eligible for an FTMO Demo Account, traders must meet certain criteria, including having a minimum of three months of trading experience and a minimum account balance of $10,000. Traders must also pass a two-step evaluation process, which includes a written test and a live trading evaluation. Benefits of Using an FTMO Demo Account Test trading strategies without risking real capital. Improve trading performance and develop a consistent trading strategy. Gain access to exclusive educational resources and support from experienced traders. FTMO Demo Account Evaluation The FTMO Demo Account Evaluation is a two-...

Definition of Forex and Derivatives Deriv forex - Forex, short for foreign exchange market, is a global decentralized marketplace where currencies are traded. It is the largest and most liquid financial market in the world, with a daily trading volume exceeding $5 trillion. Derivatives are financial instruments that derive their value from an underlying asset, such as a currency, stock, or commodity. In forex trading, derivatives are used to speculate on the future movement of currency prices, hedge against currency risk, and leverage their positions. Common Derivatives in Forex Some of the most common derivatives used in forex trading include: Forward contracts: A forward contract is an agreement to buy or sell a currency at a specified price on a future date. Futures contracts: A futures contract is a standardized forward contract that is traded on an exchange. Options: An option gives the buyer the right, but not the o...

Funded Forex Accounts Funded forex accounts are trading accounts provided by forex brokers that allow traders to trade with a larger amount of capital than they have in their own accounts. These accounts are typically funded by the broker, and traders are given the opportunity to profit from the trades they make using the broker's money. Funded forex accounts can be a great way for traders to increase their profits and grow their trading accounts, but they also come with a number of risks. There are a number of different types of funded forex accounts available, each with its own set of terms and conditions. Some of the most common types of funded forex accounts include: Evaluation Accounts Evaluation accounts are designed to assess a trader's skills and profitability. Traders are typically given a small amount of capital to trade with, and they must meet certain performance targets in order to qualify for a larger account. Profit-Sharing Accounts Profit-shari...

Definition and Explanation of No Deposit Bonus Brokers In the realm of forex trading, no deposit bonus brokers offer a unique opportunity for traders to get started without any upfront financial commitment. These brokers provide new clients with a bonus amount, typically ranging from $10 to $100, that can be used to trade on their platform. The rationale behind these bonuses is to entice new traders and provide them with a risk-free environment to test the broker's platform and trading conditions. No deposit bonuses allow traders to explore the market and hone their trading skills without risking their own capital. Types of No Deposit Bonuses There are several types of no deposit bonuses offered by brokers: Standard Bonus: A one-time bonus credited to the trader's account upon registration. Welcome Bonus: Similar to the standard bonus, but exclusive to first-time traders. Referral Bonus: A bonus awarded for referring new traders to t...

Overview of MT5 WebTrader MT5 WebTrader is a web-based trading platform that allows traders to access the financial markets from any device with an internet connection. It is a powerful and versatile platform that offers a wide range of features and benefits. MT5 WebTrader is designed to be user-friendly and easy to navigate, even for beginners. It features a clean and intuitive interface that makes it easy to find the information and tools you need. The platform also offers a variety of customization options, so you can tailor it to your own trading style and preferences. One of the biggest benefits of using MT5 WebTrader is that it is accessible from anywhere with an internet connection. This means you can trade from your home, office, or even on the go. You don't need to download or install any software, so you can start trading right away. Another benefit of MT5 WebTrader is that it is very secure. The platform uses SSL encryption to protect your data and t...