Quotex Trading Tutorial: Master the Basics in 15 Minutes

If you’re new to Quotex and want to start trading quickly without getting overwhelmed, you’re in the right place. This step-by-step tutorial will help you master the basics of Quotex trading in just 15 minutes. No complicated jargon, just simple and actionable steps to get you started confidently.

What is Quotex?

Quotex is an online platform for binary options trading. Unlike traditional trading where you buy or sell assets, in binary options, you simply predict whether the price of an asset will go up or down within a set time. If your prediction is correct, you earn a profit. If not, you lose the amount you invested in that trade.

Step 1: Sign Up and Explore the Interface (2 minutes)

• Visit Quotex.tr and register with your email and password.
• Once logged in, you’ll see a clean dashboard with a price chart, trading options, and various tools.
• On the left, choose your asset: currencies, stocks, cryptocurrencies, or commodities.
• On the right, you’ll find your balance, trade amount, and expiration time settings.

Step 2: Practice on the Demo Account (3 minutes)

• Quotex provides a free demo account with $10,000 virtual funds.
• Use this to practice trading without risking real money.
• Try selecting an asset, setting a trade amount, and choosing the direction (UP or DOWN).
• Place your first demo trade and watch the price move.

Tip: Treat the demo account like a real account—practice as if it’s real money to build discipline.

Step 3: Understand Trade Settings (3 minutes)

• Trade Amount: Start small—$1 or $2 is perfect for beginners.
• Expiration Time: This is the duration your trade lasts. Common times are 1, 3, or 5 minutes.
• Direction: Click UP if you believe the price will rise, DOWN if it will fall.

Quotex will display your potential profit before you place the trade, usually between 80%-95%.

Step 4: Analyze the Market Simply (4 minutes)

You don’t need to be a market expert to trade successfully. Start with these two basics:

• Trend Direction: Look at the price chart. Is it generally going up or down? Trading with the trend improves your chances.
• Basic Indicators:
  • Use the Moving Average (MA) to spot trends. If price is above MA, it’s usually an uptrend. Below MA means downtrend.
  • Use the Relative Strength Index (RSI) to check if an asset is overbought or oversold. RSI above 70 means overbought (potential fall), below 30 means oversold (potential rise).

Try adding these tools to your chart and watch how price reacts around them.

Step 5: Place Your First Real Trade (3 minutes)

• Switch to your real account (start with a low deposit, minimum $10).
• Pick an asset with a clear trend.
• Set a small trade amount (never risk too much at first).
• Choose expiration time (1-5 minutes is good for starters).
• Predict the direction based on your simple analysis.
• Place the trade and wait.

Remember, you win if your prediction matches the price at expiration.

Step 6: Manage Your Risk (Important!)

• Never risk more than 5% of your total balance on one trade.
• Set daily loss limits—stop trading if you lose 3 trades in a row.
• Avoid chasing losses by increasing trade size impulsively.
• Keep emotions in check—patience and discipline are key.

Bonus Tips for Beginners

• Start trading with assets you know well, like popular currency pairs (e.g., EUR/USD).
• Avoid trading during major news announcements—markets can be unpredictable.
• Use the demo account regularly to test strategies before going live.
• Keep a trading journal—record your trades, reasons, and results. This helps you improve.

Final Thoughts

Trading on Quotex doesn’t have to be complicated. By following this simple tutorial, you can master the basics in just 15 minutes and begin your trading journey confidently.

Remember:

• Use the demo account to practice.
• Start small and manage your risk.
• Trade with simple trend analysis and basic indicators.
• Stay disciplined and avoid emotional decisions.

The key to success is consistency and continuous learning. Open your free demo account today and take your first step towards smart trading on Quotex!