Plus500 Review

Plus500 is a UK-based on line trading company founded in 2008.The company is registered and located in the UK with offices in Israel and Australia .They are also authorised and regulated by the British Financial Conduct Authority (FCA)and the Application-specific integrated circuit (ASIC) in Australia. .The Financial Conduct Authority  (FCA) registration number for the firm is ID #509909. Plus500 offers two types of accounts a demo account which  is unlimited by time and absolutely free of charge and live account which is with minimum deposit 100 EUR. Plus500 also offers welcome bonus of 25 EUR  to all new customers who download Plus500 trading platform . The welcome bonus of 25 EUR is no deposit bonus ( which mean no deposit request ) but they also offer deposit bonus up to 7.000 EUR ( bonuses are for limited time ) . Plus500 have easy to use platform which  is available for all device (computers,mobiles and tablets ) . 
Plus500 is a CFD service with over 2.000 instruments ( Forex, commodities, Shares,...etc )With over 30 different language the company is serving to their customers worldwide .Deposit and Withdraw is really easy . Account can be funded by credit/'debit card, money brokers, wire transfer and Paypal. The withdraw request ID ( photo) which can be sent by email or upload from the trading platform .Withdraws usually takes 2-3 days .

With zero commissions , high leverage and friendly customer  support (with email )  Plus500 is probably the best choice .

Please note Plus500 is a CFD service . Your capital is at risk . NO scalping accept . Does not accept U.S clients .   

official Website  http://www.plus500.com/

Margin

Margin - Banks and/ or online trading providers need collateral to ensure that investor can pay in the event of loss. The margin is also know as minimum security in Forex market.
Margin enables private investors to trade in markets that have high minimum units of trading, by allowing traders to hold a much larger position that their account value.  Margin also enhances the rate of profit / loss beyond that taken without leveraging .
Maintenance margin (M.margin) The main reason for (M.margin) is to ensure the necessary amount is available in the events of a "sleep-page" or "gap"  in rates, M.margins are also used to cover administrative costs.
Margin Call- A request from a broker or dealer for additional funds or other collateral to guarantee
performance on a position that has moved against the customer.

How to choose the right Forex broker

1-The first question you have to ask yourself is: is the broker I want to use Regulated ? There
must be no doubt about this first point. All regulated brokers must submit financial reports to
regulatory authorities, and when they fail to do it,authorities have the right to fine them or
terminate their membership.
2-This point refers to the features of the trading platform and the trading conditions with the
chosen broker. Among st the most important factors are:
Spread - Obviously the smaller the spread on currency pairs the better the conditions are for
investors and traders.
Platform execution - Trading execution refers to how fast and consistent are the execution of
trades. Some brokers guarantee fast and  transparent executions during normal market
conditions.
3-Fractional trading - Some brokers allow investors and traders to trade on a fractional basis,
instead of trading full lots "100,000 units" or "300,000 units", they allow you to trade "173,345
units" or "335,911 units". This is very helpful for trades risking certain percentage of their
balance on each trade.
4-Safety of funds.

Currencies

In the Forex market currencies are always priced in pairs and all trades result in the simultaneous buying of one currency and selling another. The objective of currency trading is to buy the currency that increases in value relative to the one you sold.  

Currencies are quoted in pair.The first listed currency is know as the base currency and the second is called the counter or Quote currency .

Currencies are quoted using five significant numbers with the last placeholder called a pip .

The strategy

Your risk per a trade should never exceed 3% per trade. It's better to adjust your risk to 1% or 2%
the lower the better. If you are confident in your trading system then you can lever your risk up to
a maximum of 3%
1% risk of a 100,000 account = 1,000
You should adjust your stop loss so that you never lose more than 1,000$ per a single trade.
If you are a short term trader and you place your stop loss 50 pips below/above your entry point .
50 pips = 1,000$ If you have mini account then may place 10 pips stop loss.
1 pips = 20$
The size of your trade should be adjusted so that you risk 20$/pip. With 20:1 leverage, your trade
size will be 200,000$
If the trade is stopped, you will lose 1,000$ which is 1% of your balance.
This is just an example. Your equity and leverage provided by your broker may differ from this
formula. The most important is to stick to the % risk rule. Never risk too much in one trade. It's a
fatal mistake when a trader lose 2 or 3 trades in a row, then he may be overconfident that his next
trade will be a winning one and he may add more money to this trade. This is how you can blow
out your account in a short time! A disciplined trader will never let his emotions and greed control
his decisions..

Minimize your risk

You must believe that anything can happen in the market.
Don’t have any pre-conceived ideas about what is going to happen next.
Some advice as to setting up a trading regime:
1-Be absolutely disciplined in every aspect of your trading.
2-Never re-enter a botched trade. When it’s over it really is over!
3-Never hesitate to enter a trade when you have a signal. Do not wait for a low price .
4-Never get out of a winning trade too soon. This often is what you want to do after you have taken a
loss on a previous trade!
5- Make your own rules.
6- Don’t break your rules.

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This does not work in Forex market

1-Following a Forex Robot with Simulated Gains- You can apparently achieve success
without any effort as promised by these. You are asked to accept their track records
simulated going backwards. Your equity will get destroyed by trying them.
2- Day trading and Scalping -Due to the random short term volatility, simply DOESN'T WORK.
Like the robots, even people selling these always have simulated track records.
3-If you try and use the fundamental rule of the share market – “buy low, sell high” – in Forex
trading, you’ll actually lose money. To understand you need to know how the system of support
and resistance works.The reason why this traditional wisdom is counterproductive in Forex trading is that if you actually
wait for prices to fall, you’re going to end up missing some of the best opportunities for making
money. Consider: when a currency starts to pick up, what are the chances of its pulling back?