Don’t waste your time – keep track of how NFP affects the US dollar!

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store

Get

Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

76.5% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

Tesla: two reasons why it dropped

Tesla: two reasons why it dropped

Information is not investment advice

What happened?

Tesla dropped amid the wider stock sell-off and by that erased all its gains for this year. Why? Actually, there are two reasons. The first is Bitcoin. Tesla has just recently invested $1.5 billion in cryptocurrency and made $1 billion in a month from its investment. However, the current weakness of Bitcoin made some investors go away from Tesla in the near-term. The second reason is Tesla announced it would stop selling its cheapest car: The Model Y. That raised questions over the demand for Tesla cars. Since Ford and General Motors are entering the market of electric vehicles, some investors worry whether Tesla can sustain this competition.

What’s next?

In the short term, Tesla may keep falling. However, in the long term, it should rebound from its losses as the company has a huge army of fans that believe in its further prosperity. The good news for FBS traders is that they can make both buy and sell trades. So a trader doesn’t need to hold already an asset to sell it. Thus, traders have a chance to profit in case of either outcome.

If Tesla drops below the 100-day moving average of $625.00, the way down to the December low of $560.00 will be clear. On the flip side, the move above the 50-day moving average of $780.00 will drive the stock further up to the February high of $880.00.

TESLADaily.png

Don't know how to trade stocks? Here are some simple steps.

  1. First of all, be sure you’ve downloaded Metatrader 5. FBS allows you to trade stocks only through this software.
  2. Open the MT5 account in your personal area.

                                                                                                  LOG IN

Similar

How to Stay Calm and Trade on Uncertainties

Despite the negative news and worrying headlines, we recommend traders to make mental reframing of the situation. This way, you can look at the market from a different perspective. Let’s observe how you can take advantage of the uncertainties and make the fundamentals work for you!

Popular

Gold isn't saving investors from inflation

Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?

Choose your payment system

Feel the Team Spirit

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later