Are you new to online trading and looking for a simple, beginner-friendly platform to get started? Quotex might be the perfect choice. This platform is known for its clean interface, easy setup, and accessible trading tools—especially for those just stepping into the world of binary options.
This full tutorial will walk you through everything you need to know to start using Quotex as a beginner.
What Is Quotex?
Quotex is a binary options trading platform that allows users to predict short-term price movements in financial markets. You can trade various assets, including:
- Forex pairs (e.g., EUR/USD),
- Cryptocurrencies (e.g., BTC/USD),
- Commodities (e.g., gold, oil),
- Stock indices.
Your goal is to forecast whether the price of an asset will go up or down in a certain amount of time. If your prediction is correct, you earn a fixed profit (up to 90% or more). If not, you lose your investment in that trade.
Step-by-Step Guide: How to Use Quotex
1. Sign Up for a Free Account
Visit Quotex’s official website and click “Sign Up.”
You only need to enter:
- Your email address
- A secure password
- Your account currency (USD, EUR, etc.)
Registration is fast and free. No complicated forms or ID needed for demo use.
2. Try the Demo Account
Once registered, you’ll get access to a $10,000 demo account. This lets you practice trading with virtual funds, risk-free. You can use the demo account to:
- Understand how binary options work,
- Learn to read charts,
- Test different trading strategies.
Use this as your training ground before investing real money.
3. Make a Real Deposit
Ready to trade for real? Switch to a live account and deposit funds. The minimum deposit is only $10, and you can use:
- Local bank transfers,
- E-wallets (Perfect Money, Advcash),
- Cryptocurrencies (Bitcoin, Tether, etc.).
Deposits are usually processed instantly, and withdrawals are quick (within hours to 1 day).
4. Choose an Asset
Click on the top menu to see the list of available assets. They include:
- Currency pairs (like USD/JPY)
- Crypto (like BTC/USD)
- Indices (like NASDAQ)
- Commodities (like silver)
Next to each asset, you’ll see a percentage payout, showing how much profit you’ll earn if you win that trade.
5. Set Up Your Trade
Here’s how to place a trade:
- Investment amount: Start small ($1 minimum per trade).
- Expiration time: Choose how long the trade will last (from 1 minute to 4 hours).
- Direction: Click “Up” (green) if you think the price will rise, or “Down” (red) if you think it will fall.
Then click “Trade.” Your position is now live!
6. Watch the Trade & Results
You can monitor the trade in real-time. A countdown timer will show how much time is left.
When the timer hits zero:
- If your prediction was right, you’ll see your profit added to your balance.
- If wrong, you’ll lose the invested amount.
Smart Tips for Beginner Traders
Start Small
Don’t invest large amounts right away. Begin with $1–$2 trades until you’re more confident.
Use the Demo Account Regularly
Even after going live, keep using the demo account to test ideas and improve your skills.
Follow a Strategy
Don’t trade based on feelings. Use simple strategies like trend-following or support/resistance levels.
Control Your Emotions
Avoid revenge trading. Losses are normal in trading—stay calm and stick to your plan.
Set a Daily Limit
Decide how much you’re willing to risk each day and don’t exceed it.
Why Beginners Like Quotex
- Simple Interface: No confusing tools or charts.
- Fast Deposits/Withdrawals: Money in and out with no hassle.
- Low Minimums: $10 to deposit, $1 per trade.
- Free Demo Mode: Learn without risking real money.
Conclusion
Trading binary options is a great starting point for anyone new to binary options trading. With its low entry requirements, easy interface, and demo account feature, it’s designed to help beginners get started smoothly.
Remember: trading always involves risk. But with discipline, practice, and smart decision-making, Quotex can be a powerful tool to build your trading journey from the ground up.
Start slow, learn consistently, and trade wisely.
