FBS CopyTrade Launches A New Card Scanning Feature!

The FBS CopyTrade team has created a new feature for a more convenient app use! To make financial transactions like deposits or withdrawals, users can now scan their cards with their phone cameras.

No need to squint at all those symbols and put them in manually one-by-one. Now to complete a financial transaction, users can tap the card icon in the Card number field when filling in card information and let technology do all the dirty work. The app will fill in the card number, cardholder name, and the expiration date – the CVV2 code needs to be put in manually. The feature is available in the FBS CopyTrade app for both iPhone and Android users.

FBS CopyTrade app is the first of FBS products to introduce this feature. We will not stop here: our team is working relentlessly to make sure the investors have a great time using the FBS CopyTrade app. Our app has received awards as the most user-friendly social trading app – and we work hard to prove that we deserve these awards.

The FBS CopyTrade App is a dynamically developing platform for social trading. It is usually named the most user-friendly and easy-to-use copy trading application.

The app was launched in 2018. It is used by more than 5 million investors. FBS CopyTrade allows people who are less experienced in trading to increase their capitals by copying the selected skilled traders. The traders get an income from each copier’s deposit after a successful transaction. The support team of the app operates 24/7 with more than 15 languages.

FBS is an international broker with over 190 countries of presence and 11 years of expertise, providing knowledge via free seminars, special events, educational materials, and daily analytics.

FBS is an official trading partner of FC Barcelona from January 2020.

Brexit: The Future of EUR/GBP

Off the radar

Eventually, during the very last week of December, the UK-EU deal was agreed. A couple of weeks passed since then, and we hardly hear of Brexit since. In the meantime, its effects will start manifesting soon enough. What might they be?

Winner’s view

According to Boris Johnson, the finalized Brexit is a big victory for the UK. And the Brexit deal – as opposed to the previously possible option of no deal – is even a bigger achievement. From a human point of view, that’s understandable. Boris Johnson and his supporters long sought the separation from the EU, and eventually, they did it.

For them, it’s a reward for a “long day’s march”. They see the restoration of the complete sovereignty of Great Britain as the main outcome of the Brexit process. The UK is no longer obliged to follow any overriding legislation such as the one the EU previously had over it. It’s a completely sovereign and independent state. In this context, even a no-deal Brexit would be a success, just for a higher price.

Therefore, making the deal with the EU puts the UK even in a better position. Roughly speaking, Boris Johnson presents the deal this way: the UK can enjoy free trade with the EU almost like it was before while it can also enjoy all the liberties of independence. It’s a “Canada-style” agreement, according to the UK PM’s words. A victory, in other words. That’s the impression you get after listening to the speech Boris Johnson gave in Brussels on December 24.

Observer’s view

Most analysts agree now that the UK will suffer more than it gains having left the EU. Therefore, the benefits of the deal do not seem to outweigh the losses that come from the strategic separation of the UK. Yes, the fisheries – as Boris Johnson specifically mentioned in his speech – will gain: the UK’s portion of the catch increases from ½ to 2/3 over a few years, and then becomes completely unlimited. Fair enough: a sovereign state can fish as much as it wants, in its own waters. But fishing accounts for less than 1% of the British economy – and even that one percent is largely coming from selling British fish in the European markets which will be more selective from now on.

That very much represents the entire state of affairs with Brexit outcomes for the UK: as long as it wants to make business with the EU, it will need to comply with the EU now-external-for-the-UK rules. In the meantime, many businesses, especially those of finance, already choose to re-base to France or other European countries as they don’t have legal permits to stay in the UK. Strategically, there will be more bureaucracy – and hence, more fees and non-tariff barriers – for every British business that wants to do trade with the EU.

The international investment will see it harder to get into the UK, too. Overall, an average estimation of the Brexit outcome is the following: the UK is now free to do what it pleases, but this liberty may cost it weaker international investor interest, lower economic output, slower business activity. So, generally, less of everything. How much less – we are yet to see.

Pound’s view

0.90 has been the baseline level for EUR/GBP over the last year. Now, as Brexit tension is over, and the emotional element in the pair’s behavior is weaker, it is likely to follow fundamentals more. In the mid-term, it will be about which one’s economy is weaker against the virus fallout: the UK, or Europe. In the long-term, when the virus will be gone (more or less, eventually), it’s about which one’s economy is more robust and attractive to investors. In the latter comparison, the EU seems to be up for a better outlook. Therefore, in the mid-term, EUR/GBP will possibly fluctuate around 0.90 and may check the depths of 0.87. However, in the long-term, 0.93 may be a very feasible target for bulls.

This post is written and submitted by FBS Markets for informational purposes only. In no way shall it be interpreted or construed to create any warranties of any kind, including an offer to buy or sell any currencies or other instruments. 

The views and ideas shared in this article are deemed reliable and based on the most up-to-date and trustworthy sources. However, the company does not take any responsibility for accuracy and completeness of the information, and the views expressed in the article may be subject to change without prior notice. 

FBS Personal Area is in Polish Now

The Polish language is widespread among European traders. Many of them prefer to use trading products in local languages. It makes the whole trading experience much more convenient. And FBS gives them such an opportunity. From now on, Polish-speaking traders are able to set their trading process in the language of their liking.

FBS is continually improving the quality of its products. The company has more than 11 years of expertise in the market and appreciate the feedback from the clients. That is why the company presents a new language option.

FBS Personal Area connects traders with the trading platform of their choice. In the PA, traders create new accounts, manage their funds, check the transaction history, provide personal details for secure trading, and even more.

What is more, FBS created its own application called FBS – Forex Broker, where clients can use all the web PA functions. The user-friendly app is available for Android users. Get it on Google Play and check out the local language.

FBS is an acknowledged, CySEC licensed international online Forex broker and the official trading partner of FC Barcelona. FBS is a broker with an international outlook that serves clients in Asia, Latin America, Europe, and the MENA. Its primary focus lies in offering financial products for currency, metals, and indexes trading for clients with different goals and backgrounds. The company features a low barrier to entry and top-ranking apps. Over 11 years in the field, the broker won 50 international awards, including Best International Forex Broker, Best Forex Brand, and Most Progressive Forex Broker Europe.

 

FBS Gives Presents Daily in Christmas Advent Project

Starting from December 1, the participants can open a cell in the calendar daily and get a random gift to catch the Christmas mood. The multitude of gifts are stunning – stylish merch from FBS, exclusive analytical lists for traders, educational materials of different types, videos, books, and courses. Educate yourself, trade, enjoy the holiday with presents from FBS.

The FBS Christmas Advent Calendar is active until December 25. On December 29, the live stream will be held on the official FBS Facebook page where the grand prizes will be drawn among all the participants. The grand prizes are iPhone 11 Pro Max, an FBS trader pack, or a personal consultation with FBS analysts.

There are no special rules to participate in the project:

  1. Go to the FBS Christmas Advent site.
  2. Enter your email.
  3. Open a gift in the calendar every day on December 1-25.
  4. Wait for the grand prize draw on December 29.

Join the project and get presents daily before Christmas to get in the holiday mood with FBS, a reliable Forex broker by your side.

FBS is an acknowledged, CySEC licensed international online Forex broker and the official trading partner of FC Barcelona. FBS is a broker with an international outlook that serves clients in Asia, Latin America, Europe, and the MENA. Its primary focus lies in offering financial products for currency, metals, and indexes trading for clients with different goals and backgrounds. The company features a low barrier to entry and top-ranking apps. Over 11 years in the field, the broker won 50 international awards, including Best International Forex Broker, Best Forex Brand, and Most Progressive Forex Broker Europe.

New Cashback Program in FBS Trader

FBS Trader – all-in-one trading platform – credits Cashback for every closed order. The rule is very simple: more trades – more Cashback.

FBS Trader is the first mobile trading platform with Cashback. Constantly updating its features, FBS Trader is a choice #1 for traders in Asia and the Middle East*. Cashback is one of its promotions that make trading more beneficial for FBS Trader clients.

How to get Cashback

Cashback is credited on just two simple conditions. When a trader:

  • activates Cashback in FBS Trader
  • has at least 5 lots traded for the past month.

After that, the trader gets as much Cashback as the level grants. There are four levels to take advantage of (5%, 10%, 15%, and even 20% of spread), and they are so easy to upgrade anytime. To get a new level, a client simply needs to continue trading.

Who can get Cashback

Cashback is available for both new and regular users – no restrictions on that. Anyone can try out new mobile trading with Cashback and see how beneficial it is.

Unlike most programs that credit Cashback once a month, Cashback in FBS Trader is credited right on the next day after the order is closed. The waiting time is reduced to a minimum so that a trader would enjoy Cashback as fast as possible.

Important to note that there are no restrictions on trading instruments to get Cashback. Any instrument counts. Forex, metals, commodities, stocks – they all wait for a trader to take advantage, profit, and get extra cash with every trade.

What is FBS Trader

FBS Trader is a product of FBS, a trusted broker, which is well-known among the global trading community. FBS strives to offer services and products of the highest quality. This trading platform is available for iOS and Android devices and allows to trade anywhere.

The easy-to-use interface and outstanding customer support of FBS Trader attract clients from all over the world. *In 2020, Global Banking & Finance Review awarded FBS Trader Best Mobile Trading Platform Asia. This November, FBS Trader got one more award, “Best Mobile Trading Platform”, at Smart Vision Egypt Investment Expo 2020.

Brexit and GBP: A “Move Week”… Maybe?

What we can comment on so far is this: eight months passed, and the EU and the UK are as far away from each other in their divorce process as they are geographically. Still, Irish Foreign Minister Simon Coveney called this week a “move week”. Can it be so indeed?

Really not sure now but let’s orient ourselves in the details of the Brexit status now.

Last week, two major Brexit architects left the camp of Boris Johnson. Lee Cain, offered a position of Chief of Staff, resigned rejecting the offer on Wednesday, and the next day, Dominic Cummings, a central figure and a key aide of the UK PM, announced he would leave duty after the New Year. There was no indication given to what exactly those departures are related to, and observers could not resist giving in to speculations on those reasons and their possible effect on Brexit.

Here, the primary negotiator from the UK side, David Frost, was quick to dissipate any doubt: the British stance will stay as adamant on its demands as it has been until now. Noting that “some progress in a positive direction in recent days”, he explained that the deal “might not succeed” – which by now is quite clear, after more than half a year of pretty fruitless discussions.

Brussels wants London to make concessions first. London wants Brussels to step back first. The UK wants freer access to its own fishing waters referring to the rights of sovereignty; at the same time, it wants to retain access to the European market because this is where most of the catch is sold. In the meantime, Europe wants to keep access to the British fishing waters as well with no desire to make it less than before. Also, it wants EU legislative bodies to be able to enforce the deals. The level playing field for business is the third crucial point where there has been little process.

In a nutshell, none of the sides wants to be the first to step back. In the meantime, EUR/GBP has already touched the summer lows of 0.8900. Why is the pound getting stronger against the euro? Psychologically, that may be explained by the fact that the GBP has more to lose. Hopes of getting Brexit straight push it against the euro, and the last months have been pretty full of hopes – and pretty much nothing more.

Note that in the long-run, the euro is still appreciating against the pound: since the beginning of the year, EUR/GBP moved from 0.83 to above 0.87, and the uptrend hasn’t been broken yet. The September-November bearish incursion may well be just the last ray of hope for the GBP before it softens. Be very careful with the supports of 0.8900 and 0.8870: if this week nothing moves, EUR/GBP may reverse to the upside once again.

This post is written and submitted by FBS Markets for informational purposes only. In no way shall it be interpreted or construed to create any warranties of any kind, including an offer to buy or sell any currencies or other instruments. 

The views and ideas shared in this article are deemed reliable and based on the most up-to-date and trustworthy sources. However, the company does not take any responsibility for accuracy and completeness of the information, and the views expressed in the article may be subject to change without prior notice. 

Meet Fresh Updates in FBS Trader App

With the updated Trading Platform, traders get the possibility to set the outlook of the dashboard to make it more operable and suitable for the needs. New updates bring the following changes:

  • Sorting out of the trading instruments according to four main characteristics is now available:
    • Most traded
    • Most volatile
    • Top risers
    • Top fallers
  • The categories of trading instruments are on the dashboard page now.
  • There are no limits to favorite instruments.
  • The possibility to customize the card order.
  • A new way of deleting cards from the favorites – place them in the recycle bin.

From now on, trading with the FBS Trader – Reliable Forex Trading Platform app becomes more personal. Traders can control the dashboard and move the elements’ order in the way they would rather prefer to have. The new update brings joy for those clients who have Android mobile devices. However, FBS releases an iOS version of the app soon.

FBS is an acknowledged, CySEC licensed international online Forex broker and the official trading partner of FC Barcelona. FBS is a broker with an international outlook that serves clients in Asia, Latin America, Europe, and the MENA. Its primary focus lies in offering financial products for currency, metals, and indexes trading for clients with different goals and backgrounds. The company features a low barrier to entry and top-ranking apps. Over 11 years in the field, the broker won 50 international awards, including Best International Forex Broker, Best Forex Brand, and Most Progressive Forex Broker Europe.

Free Email Educational Courses on Forex Trading From FBS

Traders of any level can boost their knowledge with the help of the lessons in one of the most convenient formats – email. It is fast, effective, and safe, especially in the era of the modern pandemic.

Email courses from FBS are termless. Anyone can subscribe any time and receive well-thought-out lessons, useful videos, and easy-to-do practical tasks to their email address. The email frequency depends on the course complexity. Anyway, FBS experts set it to be as comfortable for participants as possible.

Three email courses are already available for subscription:

  • Forex Basics – a course for beginner traders. It helps to start trading and support the first steps into the market. There are seven lessons, three educational videos, five practical tasks to learn how to open trades and manage them quickly.
  • Support and Resistance Levels – a course for traders of intermediate level. FBS experts tell about definitions, techniques for finding S&P levels, and ways of using them in trading during six lessons.
  • Forex Intensive – a course divided into two levels – for beginners and advanced traders. During five weeks, subscribers get a new email with the Forex Intensive program according to their knowledge level. Ten articles, ten posts, and five webinars – all for free.

The number of courses is gradually increasing.

FBS is an acknowledged, CySEC licensed international online Forex broker and the official trading partner of FC Barcelona. FBS is a broker with an international outlook that serves clients in Asia, Latin America, Europe, and the MENA. Its primary focus lies in offering financial products for currency, metals, and indexes trading for clients with different goals and backgrounds. The company features a low barrier to entry and top-ranking apps. Over 11 years in the field, the broker won 50 international awards, including Best International Forex Broker, Best Forex Brand, and Most Progressive Forex Broker Europe.

TRY: Hopes of Deliverance

Two days ago, the Turkish President Erdogan fired the central bank governor Murat Uysal. One day ago, the President’s son-in-law Berat Albayrak – the Finance Minister of Turney – announced we would go too. These events may well be a consequence of the fact that the Turkish lira lost very much value this year, the inflation is very high, and the Turkish central bank was reluctant to raise the rates under these conditions… so far. Hopes that this “so far” would change are the emotional spark that pushes the lira.

On the other hand, we don’t really know what stands between those announcements in the circles of Turkish financial authorities. It may also be that it was just another personnel toss that Erdogan did to ensure the faithfulness of those who rule the lira. In this case, we will see the Turkish lire get back into the negative zone.

The reality is: the Turkish lira doesn’t care who is the Turkish central bank governor or the minister of finance. The actions are what matters, who delivers them – doesn’t. And as long the direction of the monetary policy in Turkey – which is very politely called “unorthodox” by observers – stays the same, the lira will do nothing but lose value. Therefore, don’t take this drop as a game-changer yet. Rather, it’s a good offer for a tactical entry.

This post is written and submitted by FBS Markets for informational purposes only. In no way shall it be interpreted or construed to create any warranties of any kind, including an offer to buy or sell any currencies or other instruments. 

The views and ideas shared in this article are deemed reliable and based on the most up-to-date and trustworthy sources. However, the company does not take any responsibility for accuracy and completeness of the information, and the views expressed in the article may be subject to change without prior notice. 

Dutch Language in FBS Personal Area

The feedback from FBS clients states that a new language is highly appreciated among the audience. It allows Dutch-speaking traders to use the PA in the local language and makes trading even more convenient. Thus, the trading process has become easier than it was before.

FBS is constantly working on the quality of its products. The company has a deep understanding of how to create a lovable user experience for the clients. That is why from now on, even more traders can enjoy trading in their local language the way they like – both mobile and desktop versions of the PA are localized in Dutch.

FBS Personal Area is aimed to connect a trader with a trading platform. In the PA, traders can create new accounts, manage their funds, check the transaction history, provide personal details for secure trading, and even more.

Moreover, FBS has its own application called FBS – Forex Broker, where clients can use all the desktop PA functions but do in on the go. The smart app is available for Android users. Get it on Google Play and check out the opportunities it gives now Dutch users as well.

FBS is an acknowledged, CySEC licensed international online Forex broker and the official trading partner of FC Barcelona. FBS is a broker with an international outlook that serves clients in Asia, Latin America, Europe, and the MENA. Its primary focus lies in offering financial products for currency, metals, and indexes trading for clients with different goals and backgrounds. The company features a low barrier to entry and top-ranking apps. Over 11 years in the field, the broker won 50 international awards, including Best International Forex Broker, Best Forex Brand, and Most Progressive Forex Broker Europe.

World-Known FBS Chief Analyst Will Cover Us Election Live

The US presidential election taking place on November 3 are a pivotal moment for the global markets, and both the voice counting and the result will have a great impact on the USD, S&P500, and other assets.

FBS broker company will provide its clients with an exclusive opportunity to watch the US electios live with FBS Chief Analyst Nour Eldeen Al-Hammoury. During the live stream, traders will see the quotes updating and get the info on the tiniest market changes in real-time. They will also receive comments, insights, and tips from the host and take a chance to ask their own questions.

Nour Eldeen Al-Hammoury is a market strategist, former Senior Business Analyst at Skynews Arabia, and trader with more than 13 years of experience in Forex, global economic developments, central bank policies, and intermarket analysis. He merges technical and fundamental analysis with the global economy’s condition and was one of those who predicted and warned about the 2007 financial crisis before it hit.

The live stream will be run in English and last for the whole of Election Day.


FBS is an international broker with over 190 countries of presence and more than 15 000 000 clients. It is famous for regular, diverse, and advantageous contests and promotions that are highly appreciated by the global trading community. Besides, the broker offers various special services to make trading more pleasant and beneficial, such as swap-free and VPS services, cashback up to $15 per lot, and more. An official trading partner of FC Barcelona from January 2020.

Oil: Stable, Finally?

Technical

Currently, it is in consolidation around $40.50 trading above 50-while all the Moving Averages are assembled in ascending order. Therefore, from the technical perspective, there is little indication for oil to lose value again.

Fundamental

OPEC+ is meeting today. The Joint Ministerial Monitoring Committee will hold an online reunion to check whether all the OPEC+ country members comply with the output cut policy – that the JMMC’s main objective and function normally. No new decisions are expected before OPEC+ next meeting on December 1, however, there is a certainty that the likelihood of easing the cut in the year is very low. Primarily, that’s because of the second wave of COVID-19 which keeps the demand outlook in a gray area.

In addition to that, Libya is reported to be increasing its output (that was previously reduced to minimum levels due to the military and political unrest in the country). Therefore, expect to see strict guidelines from the side of OPEC+ which will make sure the cuts are there to put firm ground to the price of oil. For us, it means it may be dropping from time to time to $36 as it did two weeks ago, but lower than that – OPEC+ will try to let that happen.

Election

A logical question related to the oil market is how a potential change of the US President will the oil price. Most observers agree that if something will change, that will be stability: with Joe Biden, it is expected to be higher. That is not because of specific points on his agenda related to oil but rather due to the general “change of attitude”: a steady one.

Donald Trump used to move markets – not only oil – with his tweets or comments, sometimes as eccentric as short. Joe Biden seems to be more “emotionally mature” if that may be ascribed to the manner a politician behaves. However, in reality, only time will tell. All we can say for now is that Joe Biden is generally much less “into oil” than Donald Trump – only that may be enough for the oil price to be more secure.

This post is written and submitted by FBS Markets for informational purposes only. In no way shall it be interpreted or construed to create any warranties of any kind, including an offer to buy or sell any currencies or other instruments. 

The views and ideas shared in this article are deemed reliable and based on the most up-to-date and trustworthy sources. However, the company does not take any responsibility for accuracy and completeness of the information, and the views expressed in the article may be subject to change without prior notice. 

TURKEY, LIRA, ERDOGAN: Swamps of Greatness

What’s happening

Azerbaijan and Armenia are at war – again. Who started it – doesn’t matter anymore. What matters is who wants what and what position every side takes in this conflict. And there is definitely more than just Armenia and Azerbaijan – about these, you wouldn’t probably hear in another 10 years, if not the conflict. As you understand – there is Turkey.

At least because the Turkish President clearly expressed his view on the situation. There is also Russia. And Europe. And even the US – in fact, half of the world may be involved in this small regional conflict of the two nations which don’t have any sound weight on a global scale.

The core

Azerbaijan is a Turkic-speaking nation, Muslims. Within their territory, there is a region of Karabakh where Armenians live – a different language, background, and Christians. Armenians of Karabakh say “we have nothing to do with Azerbaijan, we want to be separate”. Azerbaijan says “that’s our land – if you want to stay on it, it will remain ours”.

So for Azerbaijan, Armenians of Karabakh are separatists and terrorists. For the Armenians of Karabakh, Azerbaijan is an oppressor state trying to expel you from your homeland, at the very least. A clear stalemate – or a balance, if you prefer.

The nutshell

The state of Armenia which borders Azerbaijan obviously supports the Armenians of Karabakh inside of Azerbaijan. In the meantime, Turkey clearly supports Azerbaijan as these are the two nations of similar blood, culture, and language.

Now, if it was only between Armenia, Azerbaijan, and Turkey – Armenia with Karabakh obviously have no chance: neither demographically, nor militarily, economically, or strategically. But there is a Russian military base in Armenia: Armenia is, or has been until now, a strategic vanguard post of Russian power projection into the Middle East since the conquest of Caucasus by the Russian Empire in the XIX century.

That means, although the time of old empires is gone, the two nations – namely, Russia and Turkey – still clash in this region. Now, Turkey is NATO, but it has been behaving not exactly pro-NATO lately: especially, the US has not been very happy with Turkey. In the meantime, Russia, even despite having a military base in Armenia, prefers to stay out of the battle as it sells arms to and has economic ties with both Armenia and Azerbaijan.

That means

The Turkish President is pushing Turkey into yet another unsolvable conflict. As patriotic as it may appear to some Turks, in supporting their brother nation against Armenians, economically, it is yet another burden on the Turkish lira: war needs money, money needs to be loaned – or, printed.

Geostrategically, it alienates Turkey even more – at least, from Europe. Because Europe, as much as it would like to see Russia lose some weight, doesn’t want to see Turkey rise as a regional power to become undisputed in the Middle East. And the latter – becoming undisputed in the Middle East – is exactly the aspiration of the Turkish President.

Erdogan wants to make Turkey great again (sounds familiar, right?), like how it was in the time of the great Ottoman sultans who projected their power as far as until Vienna, in their best times. Now, as the wealthier classes disapprove of Erdogan’s autocratic and religion-imposing grip, the poorer classes mostly support him on patriotic feelings. These feelings need to feed on something – and what may be better than another patriotic war to make the poor people yell “hooray” to their president?

Up means less

The 100-MA and 200-MA have been almost identically looking upwards on the weekly chart. That means the TRY has been losing value against the USD across the years, with minor deviations. In addition to that, the trajectory seems to be accelerating its upward slope vertically – the Turkish lira is increasing the pace of depreciation.

The historical level of 8.00 appears to be just around the corner – maybe, by New Year, we will see it crossed. Technically, going that far away from the Moving Averages would be a ground to expect a nearing correction downwards. But if and when it happens, it will be a temporary technical downturn compared to the strategic upward pressure Erdogan’s politics are exerting on USD/JPY.

What does it mean for Turkey? Poverty. Same as for any other developing nation that gets driven into yet another line of old-victories-based patriotism while the developed world gets more developed and the USD keeps gaining against the TRY. Turkey is becoming a poor self-locked nation. Its people will see less wealth, less financial capacity, less financial freedom (as well as any other freedom) in commemoration of the glorious days of the Ottoman sultans.

What does it mean for you? A guarantee that your position game with USD/TRY will see no glitch: TRY will keep losing – Erdogan guarantees that. Even if he miraculously realizes how deep he pushed Turkey into the swamps of surrounding conflicts, the long-term damage to the Turkish economy is already inflicted and will be increasing.

And that’s in addition to the virus damage that decimated international tourism, and other long-term consequences related to Turkey’s international prestige. Ties with Europe and loosening – the chart of EUR/TRY looks almost the same. So it will be safe to extrapolate the trajectory as far as you need – the Turkish lira’s chance to rise is now as low as zero.

P. S.

It’s always interesting to watch the change of paradigms. Erdogan is trying to project an image of a strong leader. He wants to be something separate from the line of his predecessors – including Mustafa Kemal Ataturk, whose photos, pictures, and images are almost in every home, shop, or office in Turkey. And that’s for a reason. Your people will call you “the father of Turks” (as this is what “Ataturk” stands for) when you accomplish something no less than making a nation: re-building the entire country from zero, collecting the nation on the ruins of the vast Ottoman Empire, fighting back the victorious enemy empires slicing your country, and finding a new way for a new state so that your people can carry on with their lives.

That new way was secularism: putting religion out of public conscience and state affairs in the name of progress and economic development. And that new direction worked. For almost a century, Turkey has been following the direction set by Ataturk to become a strong regional power that no state can deny. And very importantly, a state that other countries are willing to interact too. Now, Erdogan’s direction is fundamentally different from that of Mustafa Kemal. Erdogan is bringing back religion and gradually turning Turkey away from the outer world, particularly Europe and the US. What’s his direction then? Isolation.

What’s the leader image he wants to be affiliated with now? Mehmet Fatih, the great sultan who finally conquered Constantinople and converted the emblematic Byzantine church of Hagia Sophia into a mosque. Erdogan just did the same, probably hoping that Turkish people will think of him the same as what they think of Mehmet Fatih. And some do. But the difference is: these are not the times of empire expansion.

Erdogan is sourcing stronger social momentum from his people, but this momentum has no outer space to propel through, no outer lands to conquer, no room for expanding state frontiers. In other words, no extensive way of development, like it was in the Ottoman empire. Neither does he provide inner space for intensive development and inner improvements – in fact, he is doing all the opposite: limits freedoms, makes the social structures more rigid and tense.

So the picture is becoming like this: the internal pressure in Turkey increases, while there are no ways to channel that pressure, neither outside nor inside. Now, what happens when you keep increasing the pressure in a rigid metal structure? Implosion. Or explosion. Doesn’t matter: nothing good happens. Let’s hope that no such thing happens to Turkey. Otherwise, it will need another Ataturk to build it back from the ashes. This time – economical.

This post is written and submitted by FBS Markets for informational purposes only. In no way shall it be interpreted or construed to create any warranties of any kind, including an offer to buy or sell any currencies or other instruments. 

The views and ideas shared in this article are deemed reliable and based on the most up-to-date and trustworthy sources. However, the company does not take any responsibility for accuracy and completeness of the information, and the views expressed in the article may be subject to change without prior notice. 

FBS Launches Free Educational Forex Course

Forex Intensive begins on October 1 and ends on October 31. During this month, those who subscribe to the course receive the exclusive analytical materials for traders of any level – articles, posts, and webinars – for free. Moreover, European traders may subscribe to the course all October long and have access to all the materials.

The course is five weeks long. Every week subscribers get a new email with the Forex Intensive program according to their level of knowledge. It allows European traders to educate in real-time with fresh materials and use the opportunity to join the webinars where it is possible to ask any questions to FBS analysts. The online format of the course helps to gain the information anytime and anywhere it is convenient for traders.

Within five weeks, traders learn the following topics:

  • Week 1: Forex essentials.
  • Week 2: Fundamental analysis.
  • Week 3: Technical analysis.
  • Week 4: Trading instruments.
  • Week 5: Management tips.

Despite the fact that Forex Intensive lasts the whole month of October, all the materials will be available for free anytime.

FBS is an acknowledged, CySEC licensed international online Forex broker and the official trading partner of FC Barcelona. FBS is a broker with an international outlook that serves clients in Asia, Latin America, Europe, and the MENA. Its primary focus lies in offering financial products for currency, metals, and indexes trading for clients with different goals and backgrounds. The company features a low barrier to entry and top-ranking apps. Over 11 years in the field, the broker won 50 international awards, including Best International Forex Broker, Best Forex Brand, and Most Progressive Forex Broker Europe.

Tesla: Lithium Phase

Tesla signed a 5-year deal to take lithium from Piedmont – in addition to its other plan to extract the metal in Nevada. Piedmont’s stock surged by almost 300%. Tesla’s stock is still in a downturn though.

The daily chart below shows that Tesla is consolidating around the current level of $420. The heights of $500 were left in the dust a month ago but may turn into a bullish target soon – once we see the downtrend capping the upside broken. In the long-term, it’s unlikely that Tesla will go down because fundamentally, it keeps expanding its horizons. Even though its P/E ratio is way beyond 20 as Warren Buffett liked to warn, the business outlook for Elon Musk’s business looks positive and full of opportunities. And sales – including in China. So let’s wait where the bottleneck of the current fluctuation to exhaust and see where the stock goes.

This post is written and submitted by FBS Markets for informational purposes only. In no way shall it be interpreted or construed to create any warranties of any kind, including an offer to buy or sell any currencies or other instruments. 

The views and ideas shared in this article are deemed reliable and based on the most up-to-date and trustworthy sources. However, the company does not take any responsibility for accuracy and completeness of the information, and the views expressed in the article may be subject to change without prior notice. 

FBS Announces New Trading Instruments in FBS Trader App

From now on, European traders can enjoy updated lists of indices and energies, in case they have Real or Demo accounts. The following instruments are now available in FBS Trader – Reliable Forex Trading Platform app:

  • Indices: DAX30, NASDAQ, S&P500, YM,
  • Energies: WTI, BRN

These instruments are popular among traders because of their high volatility. Oil especially shows an impressive presence in the market. This sector demonstrated the highest standard deviation. As for DAX30, NASDAQ, S&P500, YM, this group includes all major stock indices from leading global economies. It tends to be a good indicator of the overall market performance.

European clients may evaluate new opportunities for trading with the powerful and easy-to-use trading platform – FBS Trader. This brokerage app allows trading on the go from mobile devices using handy Forex tools from anywhere, any time. Moreover, it helps traders to track real-time statistics using price charts and never miss the right moment to open or close a trade. Now with the updated list of trading instruments, FBS Trader becomes even better.

FBS is an acknowledged, CySEC licensed international online Forex broker and the official trading partner of FC Barcelona. FBS is a broker with an international outlook that serves clients in Asia, Latin America, Europe, and the MENA. Its primary focus lies in offering financial products for currency, metals, and indexes trading for clients with different goals and backgrounds. The company features a low barrier to entry and top-ranking apps. Over 11 years in the field, the broker won 50 international awards, including Best International Forex Broker, Best Forex Brand, and Most Progressive Forex Broker Europe.

FBS Won 3 Awards From The European Magazine

Over the past decade, FBS earned the trust of more than 15 million traders worldwide, many of whom are from Latin America, Asia and MENA regions. These regions have vast potential in terms of traders’ engagement and their desire to grow into professionals. FBS reaches everybody to help them learn Forex and become professional traders with their help, – support team of FBS works 24/7 in 20 languages.

FBS is winning the awards from European magazine every year. Winning The Most Reliable Forex Broker award from 3 various regions at once is inspiring for the broker. These awards once more prove that we provide outstanding investments services for all our clients from all over the world. It also shows that FBS is on the right track and gives the broker even more energy to deliver more fantastic trading features and bonuses to clients.

Nowadays, FBS offers demo accounts to investors to test their trading strategies in a safe environment. The broker also provides various types of accounts, both for beginners and professional traders. On top of that, FBS provides instant deposits and withdrawals via the most popular payment systems with zero commission and various promotions for the clients.

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FBS is an international broker with over 190 countries of presence and more than 15 000 000 clients. It is famous for regular, diverse, and advantageous contests and promotions that are highly appreciated by the global trading community. Besides, the broker offers various specialized services to make trading more pleasant and beneficial, such as swap-free and VPS services, cashback up to $15 per lot, and more. An official trading partner of FC Barcelona from January 2020.

The European is a quarterly business publication that covers a broad spectrum of business affairs globally, including Energy, Banking and Finance, Foreign Direct Investment (FDI), Shipping, Technology, and more.

Why Should You Choose a CySEC Regulated Broker?

There are many scam brokers in the market. That’s why people aren’t in a hurry to start trading. In this article, we will tell you how to define a trustworthy broker from a fraudulent one, make your fears fade away, and trade happily after that.

Regulated and Non-regulated Brokers

To protect yourself, you should choose a regulated broker. Why is the request so strict? Let’s explain. A regulated broker is a broker whose actions are monitored by a regulator. Who is the regulator? It’s the type of supervision which aim is to prevent and investigate fraud in the market, keep it transparent and make sure that clients are treated with fairness, their funds are safe, and data is secure.

On the contrary, non-regulated brokers have no control of that kind. It creates opportunities for illegal market activities including unwarranted commissions, loose spreads, hidden Terms and Conditions, and even withdrawal restrictions. Traders and their funds suffer from this activity.

So, the best advice we can give you is to avoid brokers without regulation. The risk of trading with them is too high. You don’t have to take it because there are many licensed brokers whose services are reliable, and FBS is one of them. As a regulated broker, we can provide a significant level of protection. FBS operates following the policies, guidelines, and standards stipulated by Cyprus Securities and Exchange Commission (CySEC), license number 331/17.

What CySEC is

The Cyprus Securities Exchange Commission, or just CySEC, is the regulatory body for the financial industry. Its mission is to provide effective supervision to ensure trader protection. It is an independent regulatory authority that controls investment services and transactions in transferable securities carried out in Cyprus.

CySEC was launched in 2001 as a public legal entity, and then in 2004, Cyprus became a European Union member state. From that time, CySEC regulations and operations have had to meet the European financial regulatory framework’s terms.

What does all of that mean? CySEC operates under the branch of European regulators advocating for secure trading and therefore connects with European regulations such as the Markets in Financial Instruments Directive (MiFID) and The Markets in Financial Instruments Regulation (MiFIR).

MiFID and MiFIR are required for firms operating in the European Union. These European regulations are responsible for the transparency across the European Union financial markets.

Regulator is a Key

It’s essential to have a strong regulatory body such as CySEC to prevent money laundering and wrongdoing in the market.

The CySEC license is one of the most significant. People can rely on the companies regulated by CySEC because it guarantees protection and safety for investors and traders. The regulator monitors brokerage companies’ actions and transactions to ensure that they comply with the directives of the legal and regulatory framework.

Now we know more about the regulator, it’s functions and benefits. It’s high time to focus on the advantages traders take from working with CySEC regulated broker.

How a CySEC Regulated Broker Protects You

To avoid groundless arguments and excessive boredom of the theory, we want to show you the main CySEC pros by using FBS as an example. As a European licensed brokerage company, FBS meets all the requirements of MiFID and MiFIR.

So, why you should choose a CySEC regulated broker:

  • Client security

FBS operates in 31 European countries. As soon as you start working with the financial markets, you start economic relations. It’s a serious issue. But no worries, all your funds, and data that you provide FBS with stay safe.

The company is in full compliance with CySEC. Therefore, we ask you to go through the verification process. You upload a pack of documents identifying you, proving EU residency, and your financial status. It mitigates the risk of criminals using fake or stolen documents to open accounts and safeguard your identity and your assets. Moreover, verification is crucial for brokerage companies in fulfilling the legal and regulatory obligations to make the relations clear for its every side.

  • Transparency and fairness

Financial relations is a complex issue, as it was said before. That’s why transparency and fairness are of a high priority for a CySEC regulated broker. The regulator controls the reception, transmission, and execution of orders. If brokers fail to operate honestly, the regulatory body can impose penalties and sanctions on them. In this case, a broker is at risk of even losing the license.

To make services more lucid, CySEC has a list of brokers under its regulation. Just enter the name of a broker you are interested in and check whether it has a license.

Working with FBS prevents you from illegal practices such as tampering with the trading platform, price and commission manipulations, and client money withholding without any legal reason. The company also submits periodic financial reports to the regulator to prove the full transparency of its actions.

  • Full client support

CySEC ensures that a broker is always ready to assist you in any situation, provide you with necessary instructions on trading, and a working support desk to resolve any problem you have. For such cases, FBS has a 24/7 support chat in your local language.

Moreover, we help you to master your money management risk skills. Before you start trading, FBS asks you to pass the survey to define your category: Demo or Retail. If you have a Demo category, you can trade in the real market conditions with no risks because it is just training when you aren’t experienced enough. We offer you free educational materials, expert webinars, and analytical articles to prepare yourself for the real trading. Three days after your last survey results, you can re-pass it for the Retail category and then dive into Forex trading.

Bottom Line

If you’ve decided to become a trader, there are several aspects you should consider. Among them are spreads, leverage, and the general performance of the broker. But the most important thing is regulation. You are going to start trading with a company that will work on your behalf. In case you are a resident of the EEA country, the most relevant option for you is a CySEC regulated broker because it protects your interests on the highest level. Bear in mind, that FBS is a reliable and trustworthy CySEC licensed broker

The FBS CopyTrade Team Presents New Updates in ‘Pro Trader’

The FBS CopyTrade team is constantly working hard to make investing for the users of the app more convenient and effortless. The platform is being named one of the most user-friendly and convenient social trading apps from year to year.

This time the FBS CopyTrade team developed a major update in the ‘PRO Trader’ feature’s workflow to continue living up the name. Now all the traders who share their accounts to the FBS CopyTrade App and have $5000 or more on it can become PRO.

PROs are the most trustworthy and experienced traders to copy in the FBS CopyTrade App. They can also set a commission they see fit and get more profit after the closing of their successful orders.

The FBS CopyTrade team made a thoughtful decision to give a PRO status to all the traders who have $5000 on their trading account because the traders who operate with such an amount of assets definitely know what they do on the Forex market.

The FBS CopyTrade App is a dynamically developing platform for social trading. It is usually named the most user-friendly and easy-to-use copy trading application.

The app was launched in 2018. It is used by more than 5 million investors. FBS CopyTrade allows people who are less experienced in trading to increase their capitals by copying the selected skilled traders. The traders get an income from each copier’s deposit after a successful transaction. The support team of the app operates 24/7 with more than 15 languages.


FBS is an international broker with over 190 countries of presence and 11 years of expertise, providing knowledge via free seminars, special events, educational materials, and daily analytics.

FBS is an official trading partner of FC Barcelona from January 2020.

FBS Introduces New Currency Pairs

The feedback from FBS clientele states that the local currencies are of high importance for traders from different European countries. To make trading more convenient for the clients, FBS enlarges the range of trading instruments.

From this time, the Polish zloty (PLN), Swedish krona (SEK), Hungarian forint (HUF), and Czech koruna (CZK) are available in Forex Exotic list on MetaTrader 5. Notice that only European clients who have a Retail or Professional category can now trade new currency pairs.

Hence, the following currency pairs are offered for trading:

  • USD/PLN
  • USD/SEK
  • USD/HUF
  • USD/CZK
  • GBP/PLN
  • GBP/SEK
  • EUR/PLN

The main advantage of this introduction is that it helps traders, who have profound knowledge of local economic events and their impact on local currencies, show more impressive performance in the market. New currency pairs to trade will be especially useful for traders from Poland, Sweden, Hungary, and the Czech Republic because they know what is happening to their local currency exchange rate at the time and are able to plan their trades accordingly.

The Polish zloty, Swedish krona, Hungarian forint, and Czech koruna are available for trading only in real Standard MetaTrader 5 accounts.


FBS is an acknowledged, CySEC licensed international online Forex broker and the official trading partner of FC Barcelona. FBS is a broker with an international outlook that serves clients in Asia, Latin America, Europe, and the MENA. Its primary focus lies in offering financial products for currency, metals, and indexes trading for clients with different goals and backgrounds. The company features a low barrier to entry and top-ranking apps. Over 11 years in the field, the broker won 50 international awards, including Best International Forex Broker, Best Forex Brand, and Most Progressive Forex Broker Europe.