How To Trade Ripple (XRP) CFD With Plus500

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The investment in Ripple (XRP) is currently booming due to the opportunities offered by the high volatility of the price of this virtual currency. One of the best ways to Trade Ripple (XRP) CFD is to do it through an online CFD broker ( What are the basics of CFDs? ). In this article we will see how to negotiate with Ripple (XRP) in Plus500 (CFD Service), one of the best online brokers CFD and probably the one that offers the most intuitive trading platform and easy to handle. when operating with CFDs, as in this case of the Plus500 broker platform, we can obtain benefits whether the price of the instrument goes up or down .

This high volatility offers important investment opportunities that make many people wonder what is the best way to buy Ripple (XRP). If you are thinking of buying Ripple there are several options to do so. One way is to Buy Ripple {XRP} with PayPal or Credit Card, you will have to pay and then safeguard your cryptocoins in a wallet or digital wallet (How To Setup Ripple Wallet). This process has some complexity. If you really want to trade in Ripple (XRP) and try to make a profit by taking advantage of the volatility of its price, there is a much quicker and easier way to trade Ripple : This is done through an online CFD broker.

How To Trade Ripple (XRP) CFD With Plus500

Step One : Register for an account on Plus500.com

Before trading, you’ll need to create a Plus500 (click here) account. On the homepage, click “Start Trading” in the navigation menu near the top of the page. This will bring up a page that asks you to Download or using Web Trader. 

The next page will be the login page for accessing your account after registration. Select the ” Real Money ” option to open an account and start trading or ” Test Mode ” to practice with fictitious money before putting your money at risk.

First, click “New User” and enter your email address, desired username, and password.

Now you have to add money before trading, click on ” Funds ” button, verify your account and you’ll get the access to deposit or withdraw funds from your account.

Step Two : Verify your account

Plus500 will send a verification link to your email address. Open your mail and click this link to verify your email address. After this, you be asked for a phone number to verify. If you enter a mobile number, you’ll be sent a verification number by text message. If it’s a landline, the computer will phone you and tell you the number. Enter this code in box.

Step Three : Place your trade

When signed in, you can simply click the “Crypto” link in the left navigation menu. On the page that opens, click on the link “Crypto Currency” which will bring up a screen with all of the Virtual Coins pairs than can be traded at Plus500. Where you will see all available cryptocoins, click on your desired pair to bring up the price info, charts, and trading screen and buy / sell options.

How To Trade Ripple (XRP) CFD With Plus500

All the prices are Illustrative, price changes time to time.

If you think the price will go up, you can open a purchase position (Buy button) to close it later with a sale and collect benefits (this is called going long ). If you think the price will go down, you can open a sales position (Sell button) and close it later with a purchase (this is called short ). So you can take advantage of both bullish or bearish movements whereas if you buy the instrument physically (for example, shares of a company) you can only get benefits if you sell them after increasing their value.

The difference between the purchase price and the sale price is called a spread and it is a commission that the broker gets for performing the operation. The spread varies according to the financial instrument you choose .

All the prices are Illustrative, price changes time to time.

You will be given the opportunity on this page to set either a market or limit order, set a profit-take and stop-loss price, and to allocate the amount of leverage you will use in the trade. In a market order, you agree to buy or sell at the current market price while a limit order allows you set a price that you are willing to buy or sell at and, if the market ever reaches it, your order will be executed. Profit-take and stop-loss prices are basically exactly as they sound: prices that close your trade if they reach a certain level of profit or loss to protect your from losing your gains or furthering your losses.

  • Close at Loss : Stop loss is a risk control tool, that allows us to specify a price for the position to close automatically when reaching a certain value. It serves to define a maximum level of loss that we are willing to support for this operation and therefore that the position closes if the price goes against us and this level is reached thus cutting the losses.
  • Close at Profit : the stop limit is a limit to profits, that is, choose a share in profit where your trade should close automatically. It serves to protect our benefits. It is based on establishing a target price that we believe that the instrument can reach and therefore that the position closes when we reach it, preventing it from having subsequent fluctuations that reduce our profit. This should be done only when you already know that, with a good chance, the asset does not push above this level, otherwise it is always best a stop-loss variable.

That’s it. Here is the Ripple Price Prediction For 2018.

Note :  ‘Your capital is at risk’ While we all hope that we’re going to profit from every trade, it just won’t happen. Always remember that by trading CFDs customers can lose all the funds deposited. Please be aware of the risks involved. Plus500 is suitable for experienced traders and not for beginners. If you are newbie then you can try first with demo money too.

  1. Plus500UK Ltd is authorized and regulated by the Financial Conduct Authority (FRN 509909).
  2. Plus500 CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (License No. 250/14)
  3. Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727, issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. Derivatives issuer license in New Zealand, FSP #. 486026 authorizes us to issue these products to New Zealand residents. Plus500AU Pty Ltd, is also an authorized Financial Services Provider in South Africa, FSP 47546. You do not own or have any rights to the underlying assets. Please consider the Disclosure documents available on Plus500’s official websites.
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