Before you can start trading with real money, you will have to make a first deposit at Plus As little as $ is minimally required to start trading at Plus Before you can deposit money you will have to verify your identity. This is a legal requirement for anyone who wants to open an investment account. Bitcoin and/or Cryptocurrencies, Forex and stocks are 3 different asset classes with different characteristics such as profit-risk, liquidity and volatility ratios. When trading these asset classes in the form of CFDs, the primary difference between them is a matter of leverage. Plus offers leverage of up to for trading Cryptocurrencies such as Bitcoin, meaning with as little as R 1. Trading Bitcoin on the Plus platform Plus has a very clear and intuitive platform. In order to find Bitcoin trading, head to the section “trade” and click in the left menu on the button “Crypto Currencies”. Once you do that a new table with all available cryptos at the Plus platform will appear.
Bitcoin trading plus 500Bitcoin CFDs | Plus
You had to open a wallet and pay high commission rates for buying and selling crypto. The risk management tools were also non-existent. Now, the climate for investing in cryptocurrency is just the opposite. All these for way less commission than before. Moreover, the introduction of crypto trading products through online brokers, like Plus, meant that you now can trade with more risk control tools.
Utilizing stop loss orders as well as take profit orders, helps traders size their positions correctly and not risking more than originally planned. By using these tools you can also tip your toes into leveraged positions, if you require higher return on your capital. Signing up for an account with Plus means that you are partnering up with a CFD provider that have over 10 years of experience delivering specialized trading product to a large market.
He has build his own proprietary stock-to-flow model based on the original concept laid out in the book The Bitcoin Standard by Saifedean Ammous , which is regarded as the Bitcoin Bible. The model has been very accurate to explain the price of Bitcoin in the past. As a trader, either you can go through the traditional way of trading or CFDs. CFD is a contract where it is linked with the price of the currency. You can trade in the market through two types of positions. One is for a long position, and another one is for a short position.
If you are trading an asset in a long position, you are investing with the purpose of profit from a price increase. And on the contrary, if you are trading an asset in a short position, you will make money if the value of Bitcoin starts to fall. And, likewise, you will lose money if the price of Bitcoin is going up when you are in a short position.
Please note: Keep in mind that CFDs are complex instruments that instruments and come with a high risk of losing money rapidly due to leverage. If you are a new Bitcoin trader, keep in mind that there are many competitors in the market trying to navigate the market just like you. This mean that your trading operation need to expect some ups and downs in performance, especially if you are a newbie. Without enough practice and experience, it is a smaller chance of profiting in the forex and cryptocurrency markets.
Many trading brokers offer a demo account where you can practice trading. This is an excellent opportunity for beginners. They can open a free account and trade with fake money to understand how to trade, while avoiding the risks. With their trading platform, Bitcoin, which is a popular and traded product in the financial market, can be traded. However, traders should also consider the high risk of trading as many traders blow up their accounts trading with too much leverage.
So, trade wisely and do not over-trade or over-leverage. Plus offers its services in more than 50 countries, many of which are located in Europe. This means that you can get low fees Plus does not have commissions of any kind , but, on the other hand, it introduces a counter-party risk. CFDs are great products for introducing leverage for greater profit opportunities.
Instantly 6 Best Ways? Plus started its journey back in the year Over time, it has become a popular trading provider for the people and also achieved different milestones. In , it offered CFDs to the traders for the first time. In the web-based version was launched where the traders could get the opportunity to trade with the mobile phone.
Different apps are built for iOS and Android to make trading easier for traders. From , it reaches the highest peak of popularity.
Now millions of transactions are placed every year with this provider globally. The guaranteed stop makes it so that your trade executes when the price with slippage accounted for reaches your target level. If the order books are thin, a standard stop might execute at a worse price than expected, so using the guaranteed option will reduce your potential losses if you liquidate.
This function can be used to maximize your control over when your stop order executes. The trailing stop feature is usable both on the short and long side. When shorting, use trailing stops to secure your gains as the coin falls in value and reduce losses as the price goes up. When longing, use trailing stops to protect profits when the price goes up and reduce losses when it goes down.
For illustrative purposes, say your position opens at a value of 1. The trailing stop order could be placed for 5 pips which would mean if the value reaches 1. However, if the market moves in your favor the stop price will also increase — if it peaked at 2. This example is only an illustration and the figures used are fictional.
This option is found next to the trailing stops: pips feature. This function does not need to be used in combination with a trailing stop for it to work. You can set a price where your position will open if the market reaches it.
So, if the market comes up to X price your short position will automatically be triggered. Meanwhile, if the market comes down to X price your long position will be opened for you.
This function allows you to play swings based on technical analysis and makes it easier to eliminate emotion from your trading decisions. The best way to look at trading fees is to isolate the information that applies to cryptocurrencies and to look at the rate for each coin.
Simply put, the fees that Plus charges and the trading restrictions that apply are varied on an instrument-to-instrument basis. You are leverage trading via Plus with borrowed funds. Due to market lending costs and loss risks for the platform, users are required to contribute toward funding each other. This happens by requiring either longers or shorters to pay an overnight fee if they keep their margin running to the next day.
As mentioned earlier, the initial margin is the amount you must put up to open your trade in the first place. Again, the maintenance margin is the minimum collateral that must remain within the trade to keep it from being forced into liquidation. Plus is not the prettiest or most-glamorous crypto CFD trading platform around. However, the learning curve is easy and you can quickly hop in and start leverage trading various cryptocurrency pairs.
Their rates are also better than what most similar exchanges offer, such as when compared to IQ Option. Anyone looking to start day trading crypto will be highly satisfied with what Plus offers. The only major potential issue here is that MT4 and other automated trading programs are not compatible. When trading these asset classes in the form of CFDs, the primary difference between them is a matter of leverage.
To learn more about all the trading instruments available at Plus, click here. Please note that as a CFD trader you do not actually own the underlying asset — Bitcoin, Forex pair or stock — but you are rather trading on their anticipated price change, in the form of a Buy or Sell position.
We provide a number of trading tools that can be used as part of risk management strategies when trading in volatile markets such as Bitcoin and other cryptocurrencies. Note that these stop orders do not guarantee your position will close at the exact price level you have specified. If the price suddenly gaps or slips down or up, at a price beyond your stop level, your position may be closed at the next available price, which can be a different price than the one you have set.
This is referred to as 'Slippage'. Add favorite Set alert. Cryptocurrencies are extremely volatile. BITA Spread Learn More About Trading.