Our Final Say Trading of any kind is risky.
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The customer must navigate to the "Funds Management" window in the trading platform, select the Moneybookers option, and enter the Moneybookers e-mail address. Charting software is included with the trading platform, but charts appear individually, since the charting software does not allow for multiple graphs on the same screen.
There are two options within the Plus software: When you buy long you earn money if the price rises and when you sell short you earn money if the price falls. So whatever direction the market is moving, you can always make money: Closing a position At Plus you can trade with a larger amount than you actually have in your account: For example, with a leverage of one to twenty 1: The initial margin indicates how much money should still be in your account to open the position and the maintenance margin indicates how much money you need to keep the position open.
More control over your trades When you open a position you can make use of a stop loss and a take profit. With a stop loss, you can choose a certain price level at which you automatically take your loss; with a take profit you can choose a certain price level at which you automatically take your profit. Always set a stop loss: If you want to trade profitably it is wise to set the take profit twice as high as the stop loss.
Getting started with orders A very useful feature within the Plus software is the ability to open an order. An order allows you to open a position long or short once a certain price is reached. The use of orders is very convenient; this way you can place an order after you have completed your analysis, and when you combine this with a stop loss and optionally a take profit you do no longer have to watch this trade.
Some general recommendations Deposit a small amount of money right away: Practice and keep track of what works and what does not work: Always use a stop loss: Do not put too much money in one trade: Market conditions and horizontal price levels Now that you understand how the Plus software works, we can discuss the timing of trading. In order to be a successful trader, two things are important: In part two, we will examine how best to deal with different market conditions and discuss how to recognize those potential trades with a high probability of success.
Study market situation Each timeframe shows a certain market situation. Have a look at a slightly larger timeframe e. The trend is your friend When the market shows a clear trend, it is important to trade in the direction of the trend. So when you open the Plus software and you see the trend is upwards you mainly buy go long , if the trend is downwards you mainly sell go short.
It is important not to randomly open a position! It is better to look for a technical reason to open a position at certain point. When a clear uptrend or downtrend is visible the price will first move in the direction of the trend, called an impulse, to subsequently move back a little, the retracement.
Design What makes Plus stand out from the rest of the forex brokers out there is that they were able to keep their design very clean and simple. Browsing through the huge range of trading instruments and various sections is very easy and the process placing trades was designed to be very straightforward even for new users.
This is definitely ideal for those who are looking for a no-frills trading experience. This is ideal for those who are starting out in trading CFDs since they only need to fork out a lower amount for making a deposit. Minimum Lot Size Being able to trade with a low lot size also lowers the need to risk more money. This is ideal for those who wish to use the smallest possible lot sizes. With Plus, there are more than instruments and this includes currency pairs, commodities, stocks, indices, ETFs and cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple.
This allows you to find something which you are most comfortable to place your trades. You should consider whether you can afford to take the high risk of losing your money. Payouts It is important for traders to know the pip value as it will measure how much you will be able to get from a successful trade. Plus has dynamic spreads and are considerably better than what other brokers can offer.
Currently, the website is available in 32 languages, and visitors from certain regions of the world are directed automatically to a version of the site in their native language.
Though users have the option to also switch the language manually. The goal is to make it easy for traders to use the platform and understand the business. We have to say that one of the best features of Plus is their free demo which offers traders unlimited money and time allowing them to practice for as long as they need.
The Plus Trading Platform Plus offers clients a trading platform which gives traders direct access to financial markets via its proprietary set of tools.
This is a web-based trading platform, and so it does not require that clients download and install a piece of software. The platform is user friendly, but meant for experienced traders. The simple user interface makes the platform very easy to use.
The screen is divided into three sections with the main menus on the left of the screen. The top half of the screen lists all the trading assets with the lower part showing all the charts. You have the option to choose between a line graph, or candlesticks. The platform also displays all the technical indicators which can be overlayed on the graph to show a much more detailed analysis of currency prices. Traders can also easily adjust the time window of the graph ranging from a minute to a week.
The price management tools ensure that traders have a way of minimizing risk. This is the tool of choice for traders in highly volatile markets. But unlike the other options mentioned above, it will not automatically close the trade. It is important to note that the Plus platform is not just available as a web-based trading platform, but it is also for mobile devices. The trading app can be used by traders who want to continue trading on their mobile devices.
You’ll make money on Plus by opening either Buy or Sell positions. A buy (long) position, if you think the asset will rise in value or a sell (short) position, if you think it will lose value. To figure out how to make these trades, will require experience. Luckily plus offers a free demo account.
Plus make money ONLY when you lose money. They are a “pretend” broker, pretend in that your orders are never routed to the real market, Plus takes advantage of the fact that > 90% of retail traders will lose their money. The plus profit by purchasing or offering monetary standards in retail forex advertise, Also the in addition to profit by CFD exchanging, paired alternatives, Stocks exchanging and products exchanging, This is How does Plus make money in excessively basic words. Plus is an organization giving internet exchanging .
Dec 02, · Developed in the company, Plus trading platform is available in 3 versions - a downloadable version, a web-based platform and mobile commerce interface. What makes this unique platform is that unlike those offered by most other brokers, Plus platform remains constant in all versions, making it easy to switch between . Because of this, it never hurts to collect a certain amount of money from your Plus account and add it to a savings account. Money on a savings account may bring almost nothing these days, but you’ll always have something up your sleeve, especially when trading doesn’t bring the results you expected.
There are many great ways to make an online income. How to make money with Plus explained by ForexSQ forex experts, You must read this article if you want to know How to make money with Plus broker.