How to buy/sell on QUOTEX
To buy/sell on QUOTEX, follow these simple steps:
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Log in to your QUOTEX account
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Select the asset you want to trade
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Choose the amount you want to invest and the expiry time
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Decide if the price will go up or down
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Click on the "Buy" or "Sell" button to execute the trade
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Lastly, monitor the trade in real-time and exit when you want to
Venturing into the world of online trading for the first time can feel difficult, with its complex terminology and technical charts. However, platforms like QUOTEX offer an intuitive gateway to global financial markets. Before you can begin buying and selling assets ranging from commodities and indices to cryptocurrencies, you’ll need to set up your personal account. This straightforward process takes just minutes via their user-friendly website or mobile app. Once your account is funded with an initial deposit, you’re ready to start trading assets of your choice.
This article provides helpful guidance for navigating the QUOTEX platform, executing your first trades, utilizing risk management tools, and seamlessly depositing and withdrawing funds. With these simple step-by-step instructions, you’ll gain the confidence and know-how to capitalize on market moves in no time.
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What is the minimum deposit required to start trading?
The minimum deposit required to start trading on QUOTEX is $10.
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What are the trading commissions on QUOTEX?
QUOTEX does not charge any trading commissions or fees per trade.
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What payment methods can I use to deposit funds?
Accepted deposit methods include credit/debit cards, bank wire transfers, e-wallets like Skrill and Neteller, and cryptocurrencies.
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Does QUOTEX offer social trading features?
Yes, Quotex copy trading allows traders to automatically copy or mirror the trades of other successful traders.
QUOTEX markets and trading instruments
While QUOTEX's range of markets may be narrower compared to traditional online brokers, it still offers a diverse selection of trading instruments that can suit a variety of trading strategies. Here are some of the available trading instruments on QUOTEX:
Stocks: There is a variety of OTC equities available, including popular companies such as Facebook and Microsoft.
Currencies: Over 20 Forex pairs are available, ranging from major currency pairs to exotics. This includes popular pairs such as EUR/USD.
Cryptos: QUOTEX offers digital currency tokens such as Bitcoin, Litecoin, Ripple, and Ethereum, making it a great platform for those interested in trading cryptocurrency.
Indices: There are over 10 leading exchanges available, including the FTSE 100 and Dow Jones 30, giving traders exposure to global markets.
Commodities: QUOTEX also offers popular commodities such as gold, silver, and oil, as well as other popular energies and metals.
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Platform & Features
The QUOTEX mobile app offers a range of convenient and effective features for traders. Here are some of the key features:
User-Friendly trading interface: The trading interface on QUOTEX is designed to be user-friendly and easy to navigate, suitable for both beginners and experts.
Platform signals: Traders can take advantage of integrated signals provided by QUOTEX to make better trades. Following charts and signals can help traders develop a thoughtful approach to trading and minimize errors.
Trading indicators: QUOTEX offers a variety of trading indicators to help traders quickly and accurately understand the market. These indicators can assist traders in making better trading decisions and increasing their chances of success.
High-speed trading: With its innovative technology, QUOTEX offers high-speed trading to ensure traders do not lose money due to technical glitches, providing a seamless and efficient trading experience.
Affordable minimum deposit: Unlike other mobile trading platforms that require a high minimum deposit, QUOTEX only requires a minimum deposit of $10, making it accessible to traders with varying budgets.
Available Quotex countries
How much does it cost to trade on QUOTEX
When it comes to trading on QUOTEX, there are various costs involved that traders should be aware of. Here's a breakdown of the main costs of trading on the platform:
QUOTEX offers competitive spreads on its trading instruments, which refers to the difference between the buy and sell price of an asset. The spread may vary depending on the asset being traded, and traders should select assets with lower spreads as it can impact their profitability.
In addition, traders should also consider the swap fee charged for holding a position overnight. The swap fee may be positive or negative, based on the direction of the trade and the interest rates of the currencies involved. It's crucial for traders to be aware of the swap fees on QUOTEX and incorporate them into their trading strategy.
Commissions: Unlike some other trading platforms, QUOTEX does not charge commissions on trades. This means that traders can make trades without worrying about additional costs.
Example:
If a trader invests $1000 in silver when it is offered at 70%, they could potentially receive $1700 if they correctly predict its price movement. The best part is that QUOTEX does not charge any fees on this operation, which can be a significant advantage for traders.
Overall, while there are costs associated with trading on QUOTEX such as spreads and swaps, the platform offers competitive pricing and no commissions on trades. Additionally, the high payout percentages on offer make it an attractive option for traders looking to maximize their profits.
How to start trading with QUOTEX
Getting started with QUOTEX is quick and easy. Here's a simple guide on how to start trading on the platform:
Open an account: The first step to start trading on QUOTEX is to create an account. Visit QUOTEX.com and click on the 'Open Demo Account' button in the top right corner.
QUOTEX website main page
Enter your email address, password, and choose your account currency. Confirm that you are 18 years or older, and click the registration button.
Fill-in registration details
Once this is done, do the following:
Verify your email by confirming your registration on the QUOTEX.com trading platform.
Click 'Login' in the top right corner of the QUOTEX.com website and input your username and password.
Accept QUOTEX's terms of use and begin trading in demo mode with virtual money.
Choose an asset: Once you've signed up and logged in, you can choose from over 410 assets available on the platform. Each instrument displays a percentage return on investment if you win the trade, which can be up to 98%.
Choose an asset to trade
Select an expiration time: QUOTEX offers a range of expiration times, from five seconds to four hours. You can fine-tune the expiration time to the second, giving you greater control over your trades.
Set expiration time
Input investment amount: Next, you'll need to decide how much capital you want to invest in your chosen asset. This can be adjusted to suit your trading strategy and risk tolerance.
Input the size of investment
Pick “Up” or “Down”: Finally, you'll need to decide whether to choose “Up” or “Down”, depending on which direction you believe the asset price will move by the expiry time. If you predict the direction correctly, you can make a profit on your investment.
Select “Up” or “Down”
How to trade binary options at QUOTEX
Trading binary options on QUOTEX is a simple process that can be completed in just a few steps. Here's a guide on how to trade binary options at QUOTEX:
Registration process: To start trading binary options on QUOTEX, sign up for an online trading account by registering on the QUOTEX website using your email or social media accounts.
Account verification: After signing up, verify your account by providing relevant documents such as a scanned color photo, proof of residence, and identity card.
Practice trading: Before starting with a live account, practice trading using the demo account to get a feel for the platform.
Depositing funds: To trade with real money, deposit funds with the help of a reliable payment provider, with a minimum deposit of $10.
Asset selection: Choose from a variety of assets such as currencies, crypto, commodities, and indices to trade.
Expiration time selection: Select an expiration time for your trade, which is the period at which the trade will close, and the outcome will be determined.
Making a prediction: Predict whether the asset price will increase or decrease by clicking on the appropriate button.
Outcome determination: Wait for the trade to expire and check if your prediction was correct. You'll make a profit on your investment if the prediction is right.
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Let's do an example how to trade on QUOTEX
Choose AUD/JPY as the asset to trade: From the list of available assets, select AUD/JPY.
Selecting asset to trade
Select an expiration time: Choose an expiration time for your trade. Let's say you choose an expiration time of 08:32.
Choosing expiration time
Determine your investment amount: Decide how much you want to invest in this trade. For this example, let's say you invest $15.
Determining your investment amount
Choose “Up” or “Down”: Based on your analysis of the AUD/JPY currency pair, you decide that the price will go up by the expiration time. So, you click on the “Up” button.
Choosing direction of the trade
Profit or loss: If your prediction was correct and the price went up, you'll receive a payout of up to 98% on your investment (based on the asset you choose to trade.) If your prediction was incorrect and the price went down, you'll lose your investment.
Wait for the outcome: Wait for the trade to expire. In our illustrated case, the outcome was opposite of what we anticipated, so we lost $15.
Example - how to trade on QUOTEX
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Team that worked on the article
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.