Entering the world of online trading is an exciting and, at the same time, a little bit frightening thing, especially for newcomers. Looking soberly at this state of affairs, it is easy to see that it will not be easy to find the right platform to satisfy all your needs, as there are too many of them. Quotex has been in the limelight among the popular trading platforms due to its friendly interface, resourceful supportive resources, and a vast choice of assets available for traders. If you will start your trading journey in Quotex, this guide will walk you over the process along with the best tips to start confidently.
The first step in getting started on Quotex is to open an account with this platform. It has made the process easy, ensuring that people entering online trading for the first time do not face any hassle. Go to Quotex’s website and click “Register.” Put in simple information like name, e-mail address, and password. After you’ve completed the previous step, you’ll receive a verification email. Simply follow the instructions to confirm your account, and you’ll be all set to trade.
More important than ever, a very important part of trading on Quotex is finding the right assets for trading. Currently, the platform offers quite a wide range of assets in the form of Forex, commodities, indices, and cryptocurrencies. This feature underlines what every kind of asset class comprises, and it’s really important to choose the one that fits a trader’s interests and style of trading. Forex for example deals with currency pairs and is attached to high liquidity and volatility, all of which give traders a fast market. In comparison, commodities like gold or oil would particularly attract those who wish to trade on broader economic trends. Take time to research the various classes of assets available on Quotex, maybe starting with a few that you find interesting. Risk management is one of the success keys in trading. Nobody can predict the market for sure, so even very highly skilled traders need to have a strategy for risk management. Such orders are known as stop-loss and take-profit ones. They close a trade automatically when the price reaches a set level. In this sense, you secure the potential losses and respectively secure the profits on your capital. Another important element of risk management is how much capital should be risked on any investment. A good general rule of thumb is to avoid at all costs risking more than 1-2% of your total trading capital on one trade. In this way, you will always be able to sustain losing trades without draining your account. Quotex allows one of the most customizable settings of these parameters, and you can easily access this on the platform to trade with a well-defined risk management strategy.
Once you become used to the platform, you have practiced on the demo account, you are possibly good to go live. The range of deposit options available on Quotex eases the account funding process through bank transfers, credit/debit, e-wallets, etc. Start off with a small amount once you are ready to trade for real money, gradually increasing your position size as you get experience and confidence. Why don’t you try starting small? This way, you will be able to manage your risks effectively and learn to navigate the live market at the same time.
Another advantage of trading with Quotex is knowing that the customer receives ongoing education and guidance. The platform provides access to numerous educational materials, such as webinars, tutorials, and articles—all centered on the skills to improve trading. Besides, the Quotex customer support team is here to assist you and answer any kind of questions or concerns you may have. Technical support for the platform or any trading tool a customer wants to learn to use is just a click away.
Primarily, the trading flow of Quotex entails opening an account, getting to know the platform, practicing on a demo account, selecting the best assets, applying market analysis, and managing risks effectively. The first steps toward successful trading are the simplest: spend some time learning how the platform operates and get knowledge from the available resources. Be patient; trading is a skill that takes time to develop. So, keep learning and getting experience at Quotex.