Plus500 software tutorial

Plus500 software tutorial

The Plus500 trading system is very user friendly and easy to get started with. Let’s discuss the different parts and possibilities of the software. Of course, the best way to learn the software is to actively practice with it. You can do this completely free by opening a demo account. To download the free software and open a demo account (or real account) click here.

Risk warning: ‘CFD Service. 76.4% lose money’Plus500 software tutorial

1. In this part of the software you can choose the investment instruments that you want to trade or of which you just want to view the current rates. You can make a selection of the most popular instruments traded: Forex, commodities, indices, ETFs and stocks from 20 different countries. One click of the mouse shows you the selected investment instruments and displays it in 2.

2. This box is where you can actually start trading in investment instruments selected in 1. Click on the “buy” or “sell” button to trade the instrument.

3. This box provides an overview of the available funds and current profit or loss of all open positions in your account.

4. Here you can find the corresponding graph of your selected trading instrument. You can choose from a candlestick chart or a line chart, 10 different time periods ranging from one tick to one week graphs, 18 different technical indicators and different price alarms that can even be sent to you for free by e-mail or SMS.

5. From the menu bar you can view your open positions, limit orders and closed positions.Charts and technical indicators are a must for any technical analyst. Based on the information shown on these graphs a trader can make his decision to either buy, sell, or do nothing. Let’s discuss the Plus500 graphs below.

Example of a graph

The graphs of Plus500 are not too complex and very user friendly. A trader can choose from 10 different time periods ranging from a tick graph to a week graph. On the graph below we have applied a time period of one hour. 

Plus500 graph Technical indicators

Technical indicators are also not a problem. You can choose from 18 different technical indicators of which the most popular are: Parabolic SAR, Bollinger Bands, MACD, RSI, Moving Average (3 versions) and the Stochastic oscillator.

Technical indicators can be easily applied to the graph by clicking on the “setup indicators” button (see arrow). A new menu will appear where you can choose the indicators you wish to apply to the graph. First you have to select an indicator from “All Indicators” and then you press the arrow to move them to “Active Indicators”. You can even adjust the settings per indicator to your wishes. When finished, click the button “Apply”, and the indicators will be added to your graph.

The opening and closing of positions within the Plus500 software is very simple and straightforward. Let’s start by opening a position. As an example I want to buy the GBP / USD (British Pound / US Dollar).Plus500 technical indicators

Opening a position against the market price with Plus500 (EXAMPLE)

Step 1: Select the GBP / USD instrument and click on the “buy/sell” button. This will open a pop-up window that displays the following information:

Buying: GBP / USD: The selected currency pair and the chosen direction (buy/sell).

Current rate: The current price at which we can buy/sell the GBP / USD (1.5368).

Amount: The sale amount using the leverage (£ 20,000).

Required securities: The amount that you should actually have in your account to complete this transaction (€ 135.82).

Close at profit: Check this box and you will see the profit that you will make when the opened position will be closed at the preset profit rate (1.5405).

Close at Loss: Check this box and you will see the loss that you will make when the opened position will be closed at the preset loss rate (1.5347). Always use this Stop Loss!

Guaranteed Stop: This stop can be especially useful when you trade in some CFD products such as shares, when a company publishes its results. The position is always closed on the set guaranteed stop price even if the market collapses in a fraction of a second (protecting you from large losses). You do have to pay a premium however.

Step 2: Set all parameters and then click on the “Buy/sell” button in the pop-up window.

You have now bought the GBP / USD at a price of 1.5368 with a preset profit rate of 1.5405 and a stop-loss price of 1.5347. We can make a profit of € 65.40 if the price touches the target rate first, conversely we have to take a loss of € 37.12 if the GBP / USD first touches the stop loss price.

Closing a position with Plus500

Here you have a choice, either close the open position manually or let the trading software automatically close the position at the rate you had determined.

1) Manually close an open position against the market price
Manually closing an open position can be done from the “Trade” tab or from the “Open Positions” tab (see figure above). Click on the “Close position” button to close the open position at the current market price.

2) Automatic closing of an open position with a stop-limit
When you open a position you set the “Close at profit” and “Close at loss” price and then leave the open position untouched. The open position will now automatically be closed at the preset profit or loss rate. This is known as a stop-limit order.

The advantage of the automatic closing of an open position is that you can simply close the Plus500 platform.

Tip: If you want to change the preset profit rate and (or) the loss rate? Then click on “Edit Position”.

Consulting closed positions

Click on the closed positions tab to see the historical positions in your Plus500 account. You can set the from… and to… date or the last 24 hours or the last to show the closed positions during that period. If you wish, you can save the results in a .csv document.

Example of a closed positions windowPlus500 closed positions

Understanding the closed positions tab:
Instrument: Name of the traded instrument.
Type / Number: Buy or sell, and the amount with leverage.
Net P & L: The total profit or loss of all closed positions displayed in the window.
Opening and Close Rate: Shows the opening price and the closing price.
Opening and Close Value: The value of the positions at time of opening and closing.
Premium P & L: Gross profit or loss from the closed positions that are displayed in the window.
Close Reason: User closed, Loss Call, Profit Call, or expired
Open Time: Time of opening of the position
Close Time: Time of closing of the position

Working with entry orders

Do you want to buy or sell at a certain price? This can be done with entry orders. There are four options to trade with entry orders:

– Buy at a price that is higher than the current rate.

– Buy at a price that is lower than the current rate.

– Sell at a price that is higher than the current rate.

– Sell at a price that is lower than the current rate.

The figure below shows how to set an entry order to buy below the current market price.Plus500 buy order

How to place an entry order (buy):

– Click on “Buy” in the trade lobby.
– Click on “Advanced”.
– Check “Only buy when rate is” on.
– Fill in the price. This may be above or below the current market price. In the figure above the entry price is located below the current market price.
– Finally, click on the “Buy” button. Plus500 will now execute your order at the price set in advance by you. This type of order never expires. You must cancel the entry order yourself if you do not want to trade it anymore.

The figure below shows how to set an entry order to sell above the current market price. Plus500 sell order

How to place an entry order (sell):

We apply the same steps as we applied to the previous entry order example.
– Click on “Sell” in the trade lobby.
– Click on “Advanced”.
– Check “only sell when rate is”.
– Fill in the price. This may be above or below the current market price. In the figure above the entry price is located above the current market price.
– Now click on the “Sell” button.

Do not forget to set a stop-loss order and possibly a stop-limit order when working with entry orders.

Price signals give a notification by email or SMS when the price of an instrument reaches a certain value. This is a free service of Plus500. You can set up multiple price signals and then choose to be notified via email, SMS or both.

Setting price signals

Click on the bell (green Arrow) next to the trading instrument of which you want to set one or more price signals. Click on the star (red arrow) to choose your favorite instruments.

If you clicked on the clock, a pop-up window appears where you can set the price signal. Click OK after you have set the price signal. In the example below, you will be notified when the price reaches a value of 1.3620 Euro / US Dollar.Plus500 price alarm

Then, specify how you want to receive the message. Via SMS, email, or both. Then press the button “Add New signal” if you want to add yet another price signal. If you’re ready, click on close. The price alarms are now stored.Plus500 price alert

Plus500 mobile software

Did you know you can trade with Plus500 from your mobile device such as an iPhone, iPad or a Smartphone?

Plus500 offers several free applications designed for mobile trading, allowing you to trade anywhere at any time.

Download applications

Where can you download these Apps? Click here to download these applications.


– Mobile application for iPhone, iPad and iPod Touch usersPlus500 iPhone app

– Mobile application for Android usersPlus500 android app

Open your account now!

Risk warning: “76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.”