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.

79% 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.

Market conditions and phases

Information is not investment advice

The market isn’t always the same. In order to choose the best trading strategy, you need to understand the market’s condition. There are two types of market conditions: a trend (a sustainable movement to the upside or to the downside) and a range (price fluctuations in a horizontal channel). 

It’s necessary to apply a strategy that fits the current condition of the market. If you use a trend trading strategy in a ranging market, you will likely lose money and, vice versa, if you use a range trading strategy, then you’ll lose money in trending markets. Always start your technical analysis with identifying the market’s condition, so that you could then pick an appropriate strategy.

cond.png

It’s important to understand the underlying logic of trends and ranges.  

First of all, keep in mind that the price moves as a result of supply and demand for the currencies which form a currency pair. If there are more buyers of the euro than those of the US dollar, EUR/USD will tend to rise. 

A price stays within a horizontal range when the powers of buyers and sellers are mostly equal. As usual, the market is in the situation of uncertainty: the majority of traders lack the information to join one of the camps. 

At some point, new information appears and either bulls or bears manage to break the range and start the directional movement of the price. If this movement is sustained, we get a trend. During a trend, there will definitely be periods of the so-called consolidations (i.e. ranges) and corrections (i.e. short counter-trend moves) as market participants take profit and re-adjust their positions. These shorter moves may provide opportunities for range trading on lower timeframes.   

Popular

Soon Bullish Rally for Gold ?

The winter is coming, and risky markets expect a rally to come with it. Will this December be bullish for stocks, crypto, and gold? A pack of news will surely help you out.

November 23: Heaven for Day Traders

This Wednesday will be heaven for day traders. A considerable number of events will make the market volatile.

Alibaba's Success and Bullish Forecasts for China from Top Agencies

Goldman Sachs turns bullish on China, news from ECB, and Twitter's drama - everything you need to know in one place!

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