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Plus500

Plus500 - past success & FOS/FCA user complaintsI noticed a few comments online relating to plus500 business conduct, so here is what I found to be the case along with a predicted conclusion. Plus500 showed incredible growth during the peak of crytpocurrency trading by taking advantage of the lack of regulations on leverage, high volatility and a surge of new, inexperienced traders. The leverage has since been reduced significantly, as has the volatility on which they are able to capitalise. They previously had the advantage of being one of very few mobile apps which were newcomer friendly, however with strong competition from XTrend, CMC etc, this is no longer the case. There have been increasing user reports of dissatisfaction with the platform, including requests for investigation by the financial ombudsman services, mostly regarding deviation from actual stock values to the benefit of Plus500. It is written into the user agreement that the prices Plus500 set are based on 3rd parties, which they are not required to disclose. Combined, I would expect these factors to have a negative effect on the share price as per the chart in the short term. It is also worth watching for a long term short, as the reported ombudsman investigations are likely to unsettle investors.
LSE:PLUSShort
by Ideot
1
WE CAUGHT 295 PIPS ON GBP/NZD!!! LET'S DO IT AGAINIf price should move below the 1.9350, i will be entering a short position again. Well this trade was obviously epic, as i entered it on a Thursday, on the daily timeframe, and Friday i spent half the morning in a gruesome Financial Reporting exam. Let it be known that i normally enter my trades using the 4-hour and the hourly timeframes. This was almost a first, if not a second. Can't say i wasn't pleased when i came back and the trade started moving in my favor. It was as if it was waiting for me to come back from the exam center. This trade has taught me a few things: 1. Don't focus on pips, focus on the strategy. If you want pips that bad, go on a higher timeframe. Otherwise focus on the process. 2. Set your stop loss and take profit levels and go meet some girls. I set my stops and had to go for an exam for three hours and i trusted that even if i was wrong, i would be taken out at a fairly reasonable level. There is more to life than trading. 3. The higher the timeframe, the more your patience is tested. I held this trade for close to a day before i could see some feasible profits. Don't just enter a trade on a higher timeframe (daily, weekly) and expect miracles immediately. An exception would be when there is a market crash (like the oil crash of 2018). 4. Trust the process. This is self explanatory. If you have a working trading system, why try and modify it? No system will give you 100% success. As long as it makes you profitable, it is a good system. So be content and scan for set-ups.
by munyaelliott
1
Plus 500 Ready To Make A BreakThis stock is featuring for the first time on our TradingView blogs. Current setup: Price is hovering around the resistance level, struggling to break above it. Conclusion: Once we see price continue to move above the resistance level, we will look for long opportunities but we will be standing aside until that happens. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
LSE:PLUSLong
by Sublime_Trading