The Complete Plus500 Tutorial

Welcome to our Plus500 tutorial, where we will explain all the steps necessary to trade with this excellent online trading platform in a complete and detailed way. With this free software, you can trade on online financial markets and profit from upward and downward trading. Here you will find hands-on lessons as well as lots of information and tips for getting started. To visit the course pages, simply click on the desired lesson from the list below.

A complete Plus500 tutorial

 

The Plus500 Course Track

  1. How to Access the Platform (from a browser or by downloading a mobile or desktop application)
  2. Plus500 demo account, real account and costs
  3. What to trade with Plus500 (what you can trade on, what are CFDs, quotes)
  4. How to place trading orders on Plus500 (long, short, stop loss, stop limit, operational and guaranteed stop orders)
  5. How to Modify an Order (how to modify or correct a position that is already open)
  6. How to Close an Order (close, overnight, closed market, reopen, automatic stop)
  7. How to Apply Technical Indicators (how to use the Plus500 chart with technical analysis)
  8. How to Read Account-related Items (in order to understand all changes in both temporary and definitive capital)
  9. Summary and Self-Assessment Test (to review and evaluate your level in this course on your own)
  10. MiFID Evaluation Questionnaire (what is the MiFID questionnaire and the explanation of the test)
  11. In-depth: How to integrate Plus500 on MT5 or MetaTrader 4

The Complete Guide to Plus500

We decided to work on doing this work in order to provide our readers with a free online tutorial that aims to discuss all the points mentioned above. Not only will we do this by simply writing everything that we know because of many years of experience but also by providing you, our readers, with screenshots (live images) as well as video tutorials.

The goal of our complete Plus500 course is to get you started right away, usually with a demo account, and to reproduce the trades we set as an example on your very own trading platform. In terms of switching to a real account, this is not required and we recommend doing this if and only if you have extensively studied the contents of this course.

Features

We decided to create a course entirely dedicated to Plus500 as it represents one of the most popular online trading platforms in the world.

Among its main features are the completeness of tradable CFD instruments, which include numerous CFDs on equities, CFDs on all major foreign exchange rates (as well as major secondary exchange rates and bitcoin), CFDs on commodity futures, CFDs on ETF shares, stock market futures, and other types of indices. Another of its great features is that it offers a free demo account parallel to the real one, which allows you to practice with virtual funds for as long as you want, with a starting portfolio of $40,000.

The conditions of the demo account are the same as a real one, with the only difference that the transactions carried out do not affect the market. An important aspect of Plus500 is that it’s a broker that provides a CFD service, or Contracts for Difference, or financial instruments that follow the performance of an underlying instrument (a certain stock, a currency cross, etc.). Here is a short video presentation of Plus500.

Financial Leverage

CFDs allow you to operate with leverage, which means that instead of exposing yourself to all the capital needed to buy a security, the trader will only be shown a portion of that capital. For example, a leverage of 1:30 will allow the trader to expose himself to only 1/30 of the total amount of the value of the traded securities.

Leverage then amplifies the power of this capital, thus allowing the trader to trade with very little money as compared to what is usually needed even for the smallest investment. As we tackle each of the important aspects of this course, you will discover that leverage also allows you to speed up economic results, an inevitable effect that is made evident whenever capital is used.

Plus500 allows you to trade with an initial capital of 100 euros, thereby making it really suitable for those who do not have a large budget for this activity. This budget, however, can grow when the user becomes more familiar with the tool and the dynamics of securities and trading.

What we need to highlight about Plus500 is that there are different types of leverage depending on the instrument on which you trade. In addition, it should also be noted that the amount of leverage is very balanced and that this offers the user the ability to negotiate with a small capital while preventing him or her to encounter exaggerated imbalances.

An Intelligent Trading Platform

Plus500 can be defined as an intelligent negotiation platform, since it allows you to move easily whether you have experience, or if you are using it for the very first time. This is thanks to its graphical interface, which allows you to use the platform quickly and intuitively. Clarity and speed are very important in trading.

Plus500 offers both these features. Clarity is obtained without too many buttons or links. Speed is instead obtained by the speed of the servers and the layout of the platform, which allows you to find and open a position on any instrument in just a few seconds. Besides opening up (long) or down (short), this platform also allows you to easily apply settings relating to automatic stops, but also to change an open position.

We’ll talk about this more later it in the lesson specifically dedicated to the modification of orders in progress. In the very same way, closing a position is extremely easy, practical, and fast. This factor is crucial because sometimes you may have to close a position as soon as possible (perhaps because you forgot to set a stop loss) or for other reasons.

One click is all it takes with Plus500. In the event that the open position concerns an instrument that is pausing trading for the weekend, with Plus500 it’s possible to preset the necessary settings to automatically take effect when trading restarts at the reopening of the market. This is also called the pre-order function of Plus500.

Safety First

One of the most popular features of Plus500 is the Stop Loss function. This is an automatic trading function that allows you to set certain maximum loss percentage values so that if the price moves against your decision and the trade runs toward a loss, it will automatically close once you reach a certain level that you set yourself. In summary: you can set a maximum loss limit for every single trade for every single open position.

In the same way, there are other equally intelligent stop functions. The Take Profit, for example, works exactly like the stop loss, but it serves to go for profit in the sense that it automatically closes a position when it makes a certain level of profit decided by the user. Also, the Operational Stop automatically optimizes the level of Stop Loss so that the Stop Loss bar is modified in the event that the market moves in favor of the user. In this course, we will examine in detail all types of orders related to security by giving you real examples.

Technical Analysis

The Plus500 trading platform has several useful tools for technical analysis. Technical analysis is the study of charts and data in order to make predictions about price trends. For this purpose, Plus500 offers the most important charting indicators used in online financial analysis, which is easily applied at the click of a mouse.

The indicators are shown directly to the real-time chart that appears in the foreground of the platform, and that the trader can always have it under control. We have discussed at length about the technical analysis indicators as well as the course on CFDs and Forex on our website. A few examples of indicators are Bollinger Bands, moving averages, Fibonacci retracements, MACD.

The Status of Your Account Should Always be Under Control

It is important for each trader to always keep an eye on the economic situation on the account. As we will learn in our comprehensive Plus500 tutorial, this trading platform allows you to take note of everything you need such as available capital, equity, margins, losses and profits in real time.

In addition to knowing your general account status, you can also observe your individual transaction so you can see the profit or loss situation at a particular position.

Assessments and Evaluation

The last two chapters of the complete Plus500 trading course are dedicated to general review and testing. The first evaluation is ours and is based on the course content. The second is an official test of the MiFID.

If you pass the second one, the MiFID test, this just means that you are now able to trade online with CFDs and put your knowledge into practice by exploiting the potential of this trading platform.

About Plus500

We close this introduction with a comprehensive overview of the company and its services.

  • Company name: Plus500
  • Web site: Plus500.it
  • Main Location: Limassol (Cyprus)
  • Authorized and Registered: CySEC (License No. 250/14)
  • Instruments available for CFD trading: approximately 3000 instruments including foreign exchange, equities, commodities, indices, ETFs
  • Platforms: Plus500 software, Plus500 web trader
  • Devices: desktop and mobile, OS: iOS, Android, Linux, Windows
  • Demo Account: free and unlimited time
  • Minimum real account funding: 100€
  • Short Position: available
  • Real-time quotes: free
  • Deposit and withdrawal methods: credit cards, Paypal, bank transfers, Skrill
  • Variable spreads depending on instrument and period
  • Financial leverage: up to 1:30
  • Dividends: yes
  • Taxes: not deducted
  • Consultancy: no consultancy
  • Technical analysis tools: free of charge
  • Daily trading: recommended
  • Long-term investments: not suitable due to high premium
  • Support: 24/7 via email and live chat during trading hours
  • Languages: Italian included

Skip to the first lesson – How to Access the Plus500 platform