This video shows you how trading with Plus500 can be done with just a few clicks! All you need to do is log in to your account, search for an instrument, click on ‘Buy’ or ‘Sell’ (depending on the direction you think the instrument will move), select the amount you wish to trade, and open a trade.
If you want, you can also use our risk management tools: ‘Close at Profit’, ‘Close at Loss’, ‘Guaranteed Stop Loss’ and more, as well as place future orders that will open the trade in the future, when the instrument reaches/surpasses a certain price.
To open a position, sign up / log in to your Plus500 account and go to the main “Trade” tab. Search for the instrument you wish to trade, click Buy/Sell, and the position screen will be opened.
In the position screen, you can choose the trade size (i.e. the number of shares, barrels, ounces, etc.) and view the position’s value and the required initial margin to open the trade.
You can also add stop orders to close out your trade when the instrument reaches predefined price levels.
Alternatively, you can place a future order by activating the advanced section entitled ‘Buy when the rate is’ or ‘Sell when the rate is’ and type in or use the plus (+) and minus (-) buttons to update requested price.
How to view, edit or close a trade?
To view your trade, click on the ‘Open Positions’ tab.
By clicking the ‘Edit’ button, a screen will open and you will be able to set or update existing stop orders.
By clicking the ‘Close’ button, a screen will open where you can close all or part of your position. For example, if you have a Buy position of 500 Oil barrels, you can choose to close 300 barrels and be left with a smaller position (of 200 barrels).
Manage your risk with stop orders
‘Close at Profit’ and ‘Close at Loss’ orders are free-of-charge, risk management tools that can be added to your trades when opening a new position, or when editing an existing position.
These orders help you take control of your trade by allowing you to set the rate at which your position will close (when it reaches or surpasses that rate). This is done in order to protect your profit in the case of ‘Close at Profit’ and/or minimise your loss in the case of ‘Close at Loss’.
Please note, the ‘Close at Profit’ and ‘Close at Loss’ orders do not guarantee your position will close at the exact price level you have specified. You can add a ‘Guaranteed Stop’ - a special order that puts an absolute limit on your potential loss. ‘Guaranteed Stop’ is accounted for through a wider spread.
To learn more about how you can use risk management tools to limit the risks of trading, click here.