Plus 500 Trading

Now you know the ins and outs of the Plus software, we can further investigate how to select the best investments. This part of the Plus tutorial will tell you all about how to best invest considering different market circumstances.

To achieve the best investment approach the following steps have to be taken:. The Plus graphs can be zoomed in and out.

You can also adjust the period the graph displays. Within the 1-minute graph for example each period is exactly one minute, while in the 1-week graph each period is one week.

Longer periods can be very handy to predict future price patterns. On every timescale you can always see the market situation. Study the rates at a somewhat larger period to determine the general trend, there are three possible market conditions:.

When the market has a clear trend , it is important to trade with the direction of the trend. When you notice that the price is going up within the Plus software, you should buy; and when you see the price is going down, you should sell.

It is important that you do not open a position randomly! It is better to find a technical reason to open up a position. When there is a trend, the price moves in the direction of the trend.

We call this an impulse. After the impulse the price drops a bit, the retracement. The chance of success is at its highest when we open up a position right after the retracement.

We buy in an uptrend in a temporary move down and in a downtrend we sell right after a temporary move up.

You can use this trading style until there is a case of a trend reversal , which is when a new trend forms in the opposite direction. But how do you time a trade?

To time a trade properly, you need to look for horizontal levels. A lower horizontal level in an uptrend is what we call support and a higher horizontal level in a downtrend is what we call resistance.

The Plus software also allows you to draw horizontal levels. To activate this feature, use the third icon at the top of your graph.

By opening your position on a horizontal level , you increase your chance of making a successful trade. As almost everyone expects the price to move in a certain direction at this point, this happens a lot at that specific level!

This is why horizontal levels, which are in effect for longer periods of time, are a lot more powerful than a level which is reached only a few times.

It can also occur that the role of a horizontal level changes after a break-out. A resistance can become support or vice versa. Besides the uptrend and downtrend , a consolidation is also a possible scenario.

In the case of a consolidation, the price fluctuates between two horizontal levels. In a consolidation it is best to buy at the lower horizontal levels and sell at the higher horizontal levels.

The next part of the Plus investment tutorial will tell you all about how to use candlesticks to achieve better results. That is why good traders would rather use candles.

With candles, you can determine the so-called price action, which gives you an indication of possible further movement.

Within the software of Plus, you can easily switch to candles by pressing the button shown below. A candlestick always applies to a certain period.

A candlestick can for example show the price movements over the course of a trading day. A candle has a body that is colourized and a stick that sticks out.

The colour of the body indicates if the market is going up or down. Red shows if the price closed lower and green shows if the price closed higher.

The stick shows what the reach of the price was within that period; how high or low did the price go? The high and low tests are both strong price indicators.

They reflect the switch of buyers to sellers and vice versa. At the high test the price was pushed up significantly, but the buyers were too weak and the price came back down.

This is a strong sell signal and, vice versa, the low test is a strong buy signal. The train tracks consist of two nearly identical bars next to each other, first a green one and then a red one.

With the twin towers it is the opposite, a red bar is intersected by an almost identical green bar. This combination can be seen as a merged high or low test; the two bars together form a failed break-out.

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For more information see our Cookie Policy. Unlike some other CFD companies, when trading with Plus you will incur.

To view the spread for a specific instrument, simply: Log in to your account. To get a better understanding of these terms, read this overview of order types.

These orders can be canceled at any time before they are executed, i. However, there are no other order time limits provided. We liked the platform's alert and notification functions.

The alert lets you know if the price of an asset reaches a certain level or changes by a set percentage. Plus provides transparent portfolio and fee reports.

The composition of your current portfolio is also made clear, which you can check in the bar at the top of the platform.

As part of Plus's September update, clients have the opportunity to use 9 charts simultaneously on WebTrader, similarly to eToro's solution.

To enable Multiple Charts on Webtrader, look for a button with four quadrants on the chart's toolbar. The Plus mobile trading platform is very similar to the web platform.

It has the same functionalities and is also user-friendly. You can also use your smartwatch, but we stuck to a conventional smartphone and tested the mobile iOS app.

It was great. Plus is a CFD broker. There are some cryptos as well, but less than at eToro and XTB.

On the other hand, with a Professional account , you can use wider leverage ranges. Changing the leverage is a very useful feature when you want to lower the risk of your trade.

Be careful with forex and CFD trading, as the preset leverage levels are high. The charting tool is of good quality. Compare research pros and cons.

You can contact customer service via live chat and email. There is no phone support and Plus no longer serves clients via WhatsApp.

Instead, there's an integrated 'Contact Us' page for inquiries. We tested the Plus live chat several times. It was always quick and reliable. After the conversation, you can rate your customer agent instantly, which is a good way to provide feedback.

The email customer support was also fine. The answers we got were all relevant. All education related materials can be reached on the Plus website under the 'Trader's Guide' section.

Visit education page Plus is based in Israel and was founded in Plus was established in The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.

Plus is listed on the Main Market of the London Stock Exchange , which is a big plus for safety as Plus releases financial statements regularly and transparently.

As of September , the biggest owners of the company were mostly large investment banks and asset management companies, including JPMorgan.

Start Trading. Join millions who have already traded with Plus Discover our bonuses and promotions! Start Trading Now.

Try Free Demo. Get More We offer the complete package: Tight spreads No commissions Leverage of up to Fast and reliable order execution.

This creates pros and cons but with advanced research tools next to the ability to execute trades in a user friendly way the platform performs well.

For those who wish to trade directly from the internet, there is a web-based version of the trading platform which can be accessed with any web browser.

There is no integration with MT4 at present. The key difference between the Webtrader trading platform and the platforms provided by other brokers in the industry is the fact that Plus trading platforms work seamlessly with each other.

A mobile version of the trading platform is also available to traders who wish to trade the markets using just their smartphones or mobile devices.

Provided free of charge, the mobile trading app can be downloaded directly from Google Playstore or Apple App Store. The mobile app is fully functioning, and offers all the trading options that the web based version does, including CFDs on stocks and shares.

It is a single click download, and trading via the app is quick and easy. Look and feel between mobile and web based platforms is kept the same, making transition between the two very easy.

Both Android and iOS versions retain all the same low trading fees, spreads and rates etc, and any trading portfolio is retained across all platforms.

So what is Plus all about, and how can you trade with them? The official guide video below, runs you through exactly how to trade on their platform.

Whether you are using the web platform, an android device or your iPhone, the process is the same. The video explains how Plus works and how CFDs work , so you can judge if they are right for you.