Are you looking to get started in the world of financial trading but don’t know where to start? Getting into the game can be intimidating for those who are new to investing, and the vast number of instruments available on Plus500 might seem overwhelming at first. But don’t worry – that’s exactly why we’ve put together this easy-to-follow tutorial about how to use Plus500 – so even if you’re just starting out, you’ll be able to use it with confidence as soon as possible! In this step by step guide we will walk you through everything from opening a new account and making your first deposit all the way through placing your first trade. Let’s jump right in!
Types of Plus500 Accounts You can Create
- Demo Account
- Retail Account
- Professional Account
If you’re just getting started and don’t feel ready to commit any money yet, Plus500 offers a Demo Account where you can practice trading with virtual funds. This is a great way to get familiar with the platform and all its features before you start investing real money.
For most people, this will be the type of account they open – it requires a minimum deposit of €100 ($125 US) or equivalent in your local currency, and allows you to trade both CFDs (contracts for difference) and ETFs (exchange-traded funds). You also have access to leverage up to 1:30 on certain instruments, which means that for every euro invested, you can control a larger amount.
If you’re a more experienced trader, you may want to open a Professional Account. This type of account requires an initial deposit of €2,000 ($2,500 US) or equivalent in your local currency and allows for higher leverage (up to 1:300 on certain instruments). You also get access to exclusive trading features such as margin call alerts, advanced charting tools, and market sentiment indicators.
How to Create Your Plus500 Account and Start Trading?
Step 1: Create a Plus500 Account
The first step to get started trading with Plus500 is to create an account. This process only takes a few minutes and requires that you fill out some basic information such as your name, address and contact details. You will also be asked to choose a username and password for your account, which will be used each time you log in. Once you have completed the form, click ‘Create Account’ to complete the process.
Step 2: Deposit Funds Into Your Account
Now that you have completed the signup process it’s time to deposit funds into your account so that you can start trading. Plus500 offers a number of payment methods including credit/debit cards, bank transfers, PayPal and more. To make a deposit simply select your preferred payment method and enter the amount you wish to deposit. Once your funds have been processed, they will be available in your account within minutes.
Step 3: Choose an Instrument to Trade
Now that your account has been funded it’s time to start trading! Plus500 offers a wide selection of instruments across multiple asset classes including stocks, indices, commodities and forex currencies. The first step is to choose which instrument you would like to trade. You can do this by selecting one of the categories on the left side of the platform or by using the search bar at the top of the page.
Step 4: Place Your Trade
Once you have chosen your instrument it’s time to place your trade. First, you will need to select the type of order you wish to make (e.g. buy or sell) as well as how much of the instrument you want to purchase. You can also set a limit and stop loss price if you wish. Once all of this information has been entered, click ‘Confirm’ to submit your order.
Step 5: Monitor Your Trade and Close Out When Necessary
The last step is to monitor your open trades and close out when necessary. This is done by keeping an eye on the prices in the market and making sure that they are staying within the range set by your initial order parameters (e.g buying at a certain price and selling at a higher price). When the time is right, you can close out your trade to take profits or cut losses.
And that’s it! By following these five simple steps you will be able to get up and running with Plus500 in no time. So what are you waiting for? Get started today and see where your financial trading journey takes you! Good luck and happy trading!
Plus500 is an easy-to-use online trading platform that allows you to trade a wide variety of financial instruments including CFDs (contracts for difference) and ETFs (exchange-traded funds). You have the option to open either a Basic or Professional Account, depending on your experience level and investment goals.
With Plus500, you can deposit funds quickly and securely and start trading within minutes. To get started, simply create an account, choose an instrument to trade, place your order, and monitor your trades until you decide it’s time to close out. With Plus500’s intuitive platform and user-friendly interface, anyone can take their financial trading journey from novice to pro in no time!