How to Start Trading on Quotex: A Complete Beginner’s Guide
Online trading has become more accessible than ever, and platforms like Quotex are making it easier for beginners to enter the market. If you’re new to trading and want to get started on Quotex, this complete guide will help you take your first steps with confidence.
What Is Quotex?
Quotex is a digital trading platform that allows users to trade binary options on various financial assets such as currencies, stocks, commodities, and cryptocurrencies. The platform is known for its simple interface, fast trade execution, and low minimum deposit, making it ideal for beginners.
Step 1: Create Your Quotex Account
To begin trading on Quotex, follow these simple steps:
- Visit the Official Website – Go to Quotex website and click “Sign Up.”
- Register Your Account – You can sign up using your email, Google account, or social media. Create a strong password for security.
- Confirm Your Email – Quotex may send a verification link to your email. Click it to activate your account.
Once your account is active, you can log in and start exploring the platform.
Step 2: Use the Demo Account First
Before risking real money, practice with the free demo account that Quotex provides. You’ll get $10,000 in virtual funds to try out strategies and understand how the platform works.
Benefits of using the demo:
- No risk of losing money
- Learn how to place trades
- Test strategies in real time
- Understand market movement
Spend time here until you feel confident with the tools and interface.
Step 3: Fund Your Account
Once you’re ready to trade live, you can switch to a real account and make your first deposit.
Minimum deposit: Usually $10
Payment methods supported: Bank cards, e-wallets, crypto, local payment systems (varies by region)
Be sure to use a payment method registered in your name for smooth transactions and withdrawals.
Step 4: Learn the Basics of Binary Options
On Quotex, you’re trading binary options. This means you’re predicting whether an asset’s price will go up or down over a set time period (like 1 minute or 5 minutes).
Here’s how it works:
- Choose an asset (e.g., EUR/USD)
- Select a time duration (e.g., 1 minute)
- Predict if the price will be higher or lower at the end of that time
- If you’re right, you earn a fixed profit (usually around 80%–90%)
Simple, but you still need skill and discipline.
Step 5: Use Basic Trading Strategies
Start with easy strategies suitable for beginners:
- Trend Following – Identify the market direction and trade in that direction.
- Support & Resistance – Look for price zones where the market often reverses.
- Time-Based Strategy – Trade during high liquidity sessions like the London or New York market.
Avoid overtrading. Stick to 1–3 well-planned trades per session.
Step 6: Manage Risk Wisely
Risk management is key to long-term success in trading. Here are some rules:
- Never invest more than 5% of your account on a single trade.
- Don’t chase losses; take a break if you lose several trades in a row.
- Set a daily win/loss limit.
- Use the demo account to test before going live with a new strategy.
Step 7: Withdraw Your Profits
Once you start making profits, you can request a withdrawal through the same method you used for deposits. Quotex usually processes withdrawals within 1–5 business days depending on the method.
Make sure:
- Your account is verified
- You don’t violate any bonus or promotion terms
- You use your real identity
Final Tips for Beginners
- Start small: Begin with the minimum deposit and grow slowly.
- Learn every day: Watch tutorials, read articles, and practice regularly.
- Stay disciplined: Stick to your strategy and manage your emotions.
- Be patient: Profits take time, focus on consistency over speed.
Conclusion
Quotex is a beginner-friendly platform that offers a smooth and straightforward path into the world of online trading. With its easy interface, demo account, and low entry barrier, anyone can learn how to trade smartly and safely. By following the steps above, you’ll be well on your way to mastering the basics of binary options trading with confidence.
Ready to trade? Start with the demo account and take your first step today!