Welcome to the world of trading! If you are a beginner looking to start trading on Quotex, you’ve come to the right place. Quotex is a platform known for its user-friendly interface, making it an excellent choice for newcomers. This comprehensive, step-by-step guide will walk you through everything you need to know, from registration to placing your first well-researched trade.
Phase 1: Setup and Practice (Steps 1 & 2)
The initial phase focuses on establishing your account and getting comfortable with the environment without any financial risk.
Step 1: Account Registration and Quick Access
The registration process is fast and straightforward. You need a valid email address and a strong password.
- Navigate to the official Quotex website or app.
- Click the "Sign Up" button.
- Enter your email, create a secure password, and select your currency.
- Accept the terms of the agreement.
Once registered, you get instant access to the platform. We strongly advise new users to also complete the profile details and begin the mandatory Account Verification (KYC) process early to ensure smooth withdrawals later on.
Step 2: Master the Free Demo Account
This is arguably the single most critical step for every beginner. The Quotex demo account provides you with $10,000 in virtual funds to trade in real market conditions.
- Familiarize Yourself: Spend time getting comfortable with the layout, asset selection, and chart navigation.
- Test Tools: Experiment with various indicators (Moving Averages, RSI, Bollinger Bands) to see how they influence your decision-making.
- Simulate Real Trades: Treat the virtual money as if it were real. This builds discipline without risking actual capital.
Phase 2: Learning the Platform (Step 3)
Before risking money, you must understand the mechanics of the trading environment.
Step 3: Understanding the Quotex Interface
The platform is clean and intuitive. Here are the core components you need to master. If you want a deep dive into every element, check out our guide, Quotex Explained: What is it and How Does the Platform Work?
- The Chart: Displays price action (Candlesticks are recommended). Use different time frames (e.g., 1-minute, 5-minute) to analyze trends.
- Assets: Located at the top, select your currency pair (EUR/USD, GBP/JPY), commodity (Gold, Oil), or indices. Note the percentage payout next to the asset.
- Trade Panel (Right Side): This is where you set the Investment amount, Expiration time, and execute your trade by clicking UP (Call) or DOWN (Put).
Phase 3: Strategy and Execution (Steps 4 & 5)
Once you understand the 'how,' it's time to focus on the 'what' and 'why'—your strategy.
Step 4: Developing a Trading Plan and Risk Management
A beginner without a plan is just gambling. Your plan should define what assets you trade, what indicators you use, and, most importantly, your risk limits. This brings us to the foundation of successful trading: Risk Management.
Never enter a trade that risks more than 1% to 5% of your total account balance. Read our essential guide on The Importance of Risk Management in Trading before making any live trades.
Crucial Advice: The market doesn't forgive indiscipline. Always define your maximum loss per day or per week, and stick to it, regardless of market movements.
Step 5: Making Your First Live Trade
When you feel confident on the demo account, you can switch to your live account.
- Make a Deposit: Fund your account using one of the available methods (cards, crypto, e-wallets). Quotex has a low minimum deposit, but only fund what you are absolutely willing to lose.
- Analyze the Market: Identify a clear signal based on your tested strategy (e.g., price hits a key support level, and the RSI is oversold).
- Set Parameters: On the right-hand panel, set a small investment amount (e.g., $10) and a short expiration time (e.g., 5 minutes).
- Execute: Click UP or DOWN based on your analysis.
- Review: Win or lose, review the trade in your history. What did you do right? What could be improved? This continuous learning process is the key to long-term success.
Final Word for New Traders
Starting trading on Quotex for beginners should be viewed as a marathon, not a sprint. Take your time with the demo account, prioritize learning over earning in the beginning, and never trade based on emotion. Discipline and consistency will be your greatest assets.
