For beginners entering the world of online trading, the Quotex platform provides a simple, user-friendly experience. Whether you’re looking to trade digital options on currencies, cryptocurrencies, or commodities, Quotex is a great place to begin. This tutorial is designed to guide new users step-by-step on how to use the platform effectively and with confidence.
Getting Started: Create Your Account
To start using Quotex, you’ll first need to sign up. The process is quick:
- Visit the platform’s homepage.
- Click on the registration or sign-up button.
- Enter a valid email and choose a secure password.
- Agree to the terms and conditions and complete the registration.
Once you register, you’ll be given the option to try the demo account or switch to a real account. Beginners are strongly advised to start with the demo to practice trading with virtual funds.
Navigating the Quotex Dashboard
The Quotex platform is designed for simplicity. When you log in, the main interface shows the following:
- Chart Window: Displays the price movement of your selected asset.
- Asset Menu: Allows you to choose from a wide range of instruments like forex, crypto, stocks, and commodities.
- Trade Panel: Lets you set trade duration, investment amount, and choose the direction of the trade (UP or DOWN).
- Indicators & Tools: Helps you analyze the market by applying technical indicators.
- Balance Area: Shows your current account balance and bonus (if applicable).
Spend time exploring this layout to feel comfortable before you begin trading.
Switching Between Demo and Real Account
Quotex offers both a demo and a live trading environment. You can easily switch between the two:
- Click on your account balance at the top of the screen.
- Choose “Demo” to practice with virtual money.
- Choose “Real” to trade with actual funds after making a deposit.
The demo account is unlimited, allowing you to try strategies, test indicators, and learn how trades work without financial risk.
Choosing an Asset to Trade
To select an asset:
- Click on the asset type (such as “Currency,” “Crypto,” or “Commodities”) from the dropdown menu.
- Pick your preferred trading pair, like EUR/USD or BTC/USD.
Each asset has a different payout percentage, which shows how much profit you can make on a correct prediction. Beginners might want to start with more stable and familiar assets like major currency pairs.
Placing Your First Trade
Here’s how to place a trade on Quotex:
- Select Time: Choose how long the trade will last (e.g., 1 minute, 5 minutes, etc.).
- Enter Amount: Decide how much you want to invest in the trade.
- Predict Direction: Click the green “UP” button if you think the price will go up by the end of the time, or the red “DOWN” button if you think it will fall.
Once you place the trade, it will appear on the chart. When the trade duration ends, you’ll either earn the payout if your prediction was right or lose the amount invested if it was wrong.
Using Technical Tools and Indicators
Understanding price movement is easier when you apply tools like:
- Moving Averages: Helps identify trends.
- RSI (Relative Strength Index): Shows overbought or oversold conditions.
- Bollinger Bands: Indicates volatility and price breakouts.
To apply an indicator:
- Click on the “Indicators” button on the chart.
- Choose the tool you want.
- Adjust the settings (periods, colors, etc.) to your preference.
These tools can improve your analysis and increase the quality of your trades over time.
Managing Your Trading History
Quotex makes it easy to review past trades. Simply:
- Click on the “Trade History” or “Transactions” tab.
- Review winning and losing trades, times, and investment amounts.
This allows you to spot patterns, learn from mistakes, and refine your strategy.
Deposits and Withdrawals
Once you’re confident and ready to switch to real trading:
- Go to the “Finance” or “Deposit” section.
- Choose your payment method (e-wallet, crypto, card, etc.).
- Enter the amount and follow the instructions.
For withdrawals:
- Navigate to the “Withdraw” tab.
- Choose your method and enter the amount you want to cash out.
Always make sure your account is verified for faster and smoother transactions.
Tips for Starters
- Start Small: Begin with low investment amounts and increase gradually.
- Use the Demo Account: Practice until you’re confident.
- Follow a Strategy: Don’t trade based on emotion or luck.
- Set Limits: Decide your maximum daily loss and stop when you hit it.
- Stay Consistent: Create a routine and stick to it.
Final Words
Quotex trading platform is designed to make online trading approachable for all users, especially beginners. With its clean layout, easy-to-use tools, and free demo mode, it’s a great platform to learn and grow as a trader. Follow this tutorial as your foundation, and take time to build knowledge, confidence, and discipline as you progress.
With patience and practice, you can turn a simple start into long-term trading success.