FREE CFD Trading School – Binary Options Zone

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Binary Options School

WELCOME TO CFD TRADING FREE SCHOOL

CFDs knowledge is important to achieve success!

That is why we have dedicated to offer the best education you can find on internet regarding CFDs and therefore made this “in the zone” CFD trading school FREE for you, from real traders and research done by ourselves.

This way you will actually be able to learn all the skills, knowledge and some special in the zone tips and of course abillity to become a successful CFD trader if you will have enough dedication.

If you want to start with your 1st lesson, you can do so right here:

If you want to know more about the “IN THE ZONE” school then continue this way. We think that everybody can learn it if he wants, especially if it is given to him all the right information like we try to do here from the bottom to top. Like in school, from basics in first grade to professional and elite at university! Here we do things the same, so you can learn how to do it properly.

Plus500

Plus500

Details

Broker Plus500
Website URL plus500.com
Founded 2008
Headquarters 1 Siafi, 3042, Limassol, Cyprus
Support Types email , online chat , WhatsApp
Languages 32 languages supported
Trading Platform proprietary platform
Minimum 1st Deposit $100
Minimum Account Size $100
Minimum Trade Amount 0.1
Maximum Trade Amount limit for each instrument
Bonus No bonus
Leverage 1:300
Spread fixed | floating
Free Demo Account Open Demo
Regulated
Regulation regulated by CySEC, FCA, ASIC, MAS, and others
Fees
Commissions
Account Types retail , professional
Deposit Methods debit/credit cards , PayPal , Skrill , Bank Transfer
Withdrawal Methods debit/credit cards , PayPal , Skrill , Bank Transfer
Number of Assets 2000+
Types of Assets crypto, indices, forex, commodities, shares, options, ETFs
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 85

Founded in 2008, Plus500 is a leading provider of Contracts for Difference (CFDs), delivering trading services on shares, forex, commodities, cryptocurrencies, ETFs, options, and indices, using innovative trading technology. It is a company that wants to continue to acquire new customers and retain active ones, while also increase market share in existing jurisdictions and expand to new jurisdictions. Plus500 Ltd is a UK FTSE 250 company listed on the London Stock Exchange’s main market for listed companies, and one of the sponsors of Atletico de Madrid.

Trading Platforms

Plus500 relies solely on its proprietary trading platform, offering versions for iPhone/iPad, Android, Windows Mobile, Windows 10, and Web browsers. The platform offers access to +2000 financial instruments with free real-time quotes and dedicated round-the-clock customer support. It has a lot of interesting tools and advanced features like:

  • stop limit/stop-loss/trailing stop
  • guaranteed stop
  • free email & push notifications on market events
  • alerts on price movements, change, and traders’ sentiments.

Even though the company does not offer a diversified set of trading platforms from our point of view, it claims to have more than 304 thousand active clients and 39+ million positions opened. If you are a trader that’s accustomed to popular platforms like MT4, or if you want to use Expert Advisors, this may not be your best choice.

Regulation

Plus500CY is a Cyprus-based company with its offices located in Limassol. The company is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 250/14, to offer Contracts for Difference (CFDs) in various financial products. According to the information provided on their website, the company is a rapid-growing CFD provider and currently offers a wide variety of instruments, including cryptocurrencies and options.

Account Types

The trading account types offer is also very thin, with only retail and professional accounts available. Since August 2020, all brokerage companies must comply with new requirements for CFD trading. For retail accounts, the maximum leverage is 1:30 for major forex pairs and drops to 1:2 for cryptocurrencies. Professional accounts, on the other hand, can benefit from up to 1:300 leverage, but an eligibility process must be passed.

In order to become a Plus500 professional client, you must comply with at least 2 of the following 3 criteria:

  • sufficient trading activity in the last 12 months
  • financial portfolio of over $500,000 (this includes cash savings and financial instruments)
  • relevant experience in the financial services sector.

Promotions

Even though a few years ago Plus500 was well-known for its $25 no deposit bonus, at the time of writing the company does not have any active promotions for new or existing clients. The only way to earn extra money is through their affiliate program that rewards you each time you bring a client that opens and funds a real account.

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  • Binomo
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    Only For Experienced Traders!

Pros and Cons

  • Wide variety of trading instruments covering even options and cryptocurrencies.
  • Vast experience in the trading world, founded in 2008.
  • owned by a company listed on the London Stock Exchange.
  • Only their proprietary trading platform is available, with different versions for any type of device.
  • A single account type with the same feature, no matter how big the deposit is.
  • No customer support via telephone.

Educational Material

Unfortunately, Plus500 is not one of the brokerage companies providing educational material for its customers, being focused solely on providing trading services.

Starting Forex trading: First trading strategy

Let’s stop with theory and start trading. If you have managed to read the guide to cfd trading up to this point you deserve some bonus. This bonus includes two free Forex trading strategies. You can use them for trading instantly. Let’s go ahead.

Before we start, let me stress that the fact that I use these strategies myself does not necessarily mean that they will fit other people, too. All people are different and traders are no exception. They prefer different things, different strategies, different money management plans etc. I recommend you test more than just one strategy to find out whether you like this or that but, most importantly, to see how much profit you are able to earn.

Gap trading

Have you noticed that sometimes over the weekend, a gap occurs on the Forex chart? In other words: Monday trading does not continue from the same point where it closed on the last Friday? The gap between Friday’s closing value and Monday’s opening value is called a gap. A lot of traders including myself see this as an opportunity.

An illustrative example of filling a gap

You can open a trade, but always place your take profit at the end of the gap to let the price fill the gap. I set stop loss at 10 pips in the opposite direction regardless of the size of the gap. Albeit primitive, it works.

Every trade should by nature be suspicious. Instead of believing me, you should sit over a chart and test it on 100 trades in a row. Create an Excel spreadsheet and write down all data in it. For more details about keeping a trading diary, read: on trading diary .

Test, let’s say, stop loss vs. take profit at the ratio of 1:1 (depending on the size of the gap). Experiment with a stop loss for 20 or 30 pips. Since each trader should apply some analytic thinking, I think that this forex strategy the way I wrote it is at least a good starting platform.

1-2-3 gap

I will show you one more trading strategy so that you don’t have to wait a whole week for a single trade. This strategy is based on a similar principle as the one above but it involves the usage of support and resistance. (More about support and resistance) The underlying idea is as follows: If three candlesticks in a row make a gap between the first candlestick’s high and the last candlestick’s low (or in the opposite direction) the market will try to fill the gap. The below pictures show this situation more illustratively.

illustrative example of 1 2 3 gap

The idea is simple: wait until the market returns to the given zone and then profit from filling a gap. Take profit is the whole gap again and what about stop loss? I personally set the take profit ratio in this case (on a 30M EUR/USD chart) as 1:1. As a stop loss you can set the formation’s high (i.e. high/low of the first or last candlestick) or you can set fixed values such as 20, 30 or different number of pips.

Instead of blindly believing, you should test it all. Test “stop loss” keeping in mind that we are different, have different timing expectations, different trading ambitions. This was discussed in an article titled What type of trader would you like to be?

Test the above ideas. Forex market does not believe anybody. Do the same! Don’t believe and test on a demo account to see whether it makes sense or not.

Forex brokers offering demo account free of charge

Broker Trading Instruments Leverage Spread Review Open Account
Forex, CFD, Crypto Up to 1:30 1 – 1.3 pips Review Trade Now!
Forex, CFD, Crypto, Shares, Commodities, Indices Up to 1:30 From 2 pips (depends on asset) Review Trade Now!
Binary options, Forex, Crypto, Digital Up to 1:300 OK Review Trade Now!

Author

More about the author Step

I’ve wanted to build a business of some kind and earn money since I was in middle school. I wasn’t very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

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