If you have invested in stocks or alternatives in the past and come up with an upside, the next step is to try your hand at trading futures.
Buying and selling futures contracts allows you to maximize the profits from your ability to read market movements because of the leverage it allows. Investing $1,000 in a $10 stock before it goes up by $1 gives you $100 in profits. But buying futures contracts on it for the same amount can give you thousands in profits in minutes. On the flip side, the potential for loss is also amplified, which is why you’re probably much better off trading on a demo account until you’re ready to trade with real money.
A spectacular place to do it is through Plus500, which wins in areas essential both for beginners and experienced traders. Plus500 is a reputable trading platform that has been operating since 2008. A few years ago, it launched Plus500Futures, exclusive to the US. Globally, more than 25 million users from over 50 countries have chosen Plus500 as their trusted broker, generating a total trading volume of $800 billion. Depending on the jurisdiction and availability across three platforms, Plus500 provides access to more than 2,800 CFDs on indices, forex, commodities, cryptocurrencies, and more, as well as over 2,700 shares and a variety of future contracts on crypto, metals, agriculture, forex, interest rates, energy and equity indices.
From A Rookie To A Pro
If you’re on the fence about giving futures trading a go, Plus500 has an extensive library of content you can access for free and learn all you need to know before opening an account. Plus500’s unlimited demo account allows you to hone your trading skills with $40,000 until you gain enough confidence to go for the real thing.
Once you do, the pricing structure and security will become paramount, and it’s safe to say that Plus500 excels in both departments. The company doesn’t charge platform or market data fees, and the low commissions are transparent, meaning you’ll never have to second-guess how much the trade is going to cost.
Unparalleled Security
Plus500 has a great reputation to uphold as it’s a publicly traded company listed on the London Stock Exchange and included in the FTSE 250 index, pointing to its financial stability and transparency. Plus500’s U.S. subsidiary Cunningham Commodities Inc. is regulated by the National Futures Association and the Commodity Futures Trading Commission. As another layer of security, when you deposit funds into a Plus500 trading account, it creates a separate bank account. This layer of protection safeguards your bottom line from unforeseen events that may occur with the company’s finances.
Recently, the company became the official sponsor of the Chicago Bulls, strengthening the bond between the trading community and the sports community. Plus500 embodies a client-focused trading solution that prioritizes accessibility, affordability and security. If you’re thinking about diving into futures trading, Plus500 is a great option to consider.
Click here to kickstart your futures trading journey.