Learn how to trade on Quotex with this complete beginner tutorial. Master demo trading, risk management, and proven strategies for your first profit.
Trading can feel like stepping into a foreign world where everyone speaks a language you don't understand. Charts move, numbers flash, and somewhere in the chaos, money changes hands. If you've found your way to Quotex and feel overwhelmed, you're not alone—and more importantly, you're in the right place.
This comprehensive Quotex beginner guide will transform you from a complete novice into a confident trader. You'll learn not just how to trade, but why certain approaches work. Let's begin your journey.
Here's a statistic that might shock you: approximately 70-80% of beginner traders lose money in their first month. This isn't because trading is impossible to learn. It's because most beginners skip the preparation phase entirely.
The harsh reality? Trading platforms are designed to be accessible, which creates a dangerous illusion. Just because you can place a trade within minutes of signing up doesn't mean you should. The traders who survive and thrive treat their first month as an education period, not a profit-generating sprint.
What makes Quotex different from other digital options platforms is its user-friendly interface, low minimum deposits, and robust demo account system. These features make it particularly suitable for beginners—but only when used correctly.
Throughout this guide, you'll learn everything from account setup to executing your first profitable trade. More importantly, you'll understand the risk management principles that separate successful traders from statistics.
Let's set realistic expectations now: your goal in the first 30 days isn't to get rich. It's to learn the platform, develop discipline, and make small, consistent gains. Master these fundamentals, and the profits will follow.
Creating your Quotex account is straightforward. However, doing it correctly from the start saves headaches later.
Step-by-step registration:
Once registered, you'll immediately access the platform. Before depositing any money, complete your account verification. This involves uploading identification documents—typically a government-issued ID and proof of address.
Security is non-negotiable. Enable two-factor authentication (2FA) immediately. Navigate to your account settings, find the security section, and link your account to an authenticator app. This simple step prevents unauthorized access even if someone obtains your password.
When you first log in, the dashboard might seem overwhelming. Take time to explore without pressure. Locate the demo/live account toggle, the asset selection panel, the chart area, and the trade execution buttons. Familiarity breeds confidence.
Quotex operates in numerous countries. However, regulatory restrictions mean it's unavailable in certain regions, including the United States, European Union member states, and several other jurisdictions. Before investing time in learning the platform, confirm it's accessible in your location.
Documents typically required for verification:
Common verification issues include blurry document photos, expired IDs, or mismatched addresses. If your verification is rejected, carefully read the rejection reason and resubmit with corrected documents. Most issues resolve within 24-48 hours.
The demo account is your training ground, and it's completely free. Quotex provides virtual funds—typically $10,000—that reset when depleted. This is where you'll make your mistakes without financial consequences.
Accessing the demo account is simple: after registration, you're automatically placed in demo mode. The toggle between demo and live accounts appears prominently on the interface.
However, there's a critical psychological difference between demo and live trading. When virtual money is on the line, your brain doesn't trigger the same emotional responses. Fear and greed—the two forces that destroy most traders—remain dormant. This is why demo success doesn't automatically translate to live success.
Your structured demo practice plan should span 14-30 days:
Benchmarks before going live:
The most destructive demo mistake is trading oversized positions. When you risk $1,000 per trade with virtual money, you learn nothing about the emotional discipline required when risking real funds. Instead, trade demo positions that mirror your intended live trading size.
Equally important: treat demo losses seriously. Analyze what went wrong. Would you have made that trade with real money? If you find yourself clicking randomly because "it doesn't matter," stop. You're building habits that will cost you when stakes become real.
When you're ready to transition to live trading, understanding the financial mechanics becomes essential.
Available deposit methods typically include:
Processing times vary. Card deposits are usually instant, while bank transfers may take 1-3 business days.
Minimum deposit requirements on Quotex start as low as $10, making it accessible for cautious beginners. However, I recommend starting with $50-$100. This provides enough capital to implement proper risk management without the psychological pressure of trading with money you can't afford to lose.
Withdrawal process: Navigate to your account, select withdrawal, choose your method, and enter the amount. Withdrawals typically process within 1-5 business days, depending on your chosen method and verification status.
Common mistakes to avoid:
The trading screen is your command center. Understanding every element ensures you never hesitate during critical moments.
Anatomy of the trading screen:
Quotex offers various indicators that function similarly to standard technical analysis tools. The platform's indicators are optimized for the shorter timeframes typical in digital options trading.
Customizing your layout improves efficiency. Experiment with different chart types (candlestick recommended), color schemes, and indicator combinations until you find what works for your analysis style.
Timeframe selection matters significantly. Shorter timeframes (1-5 minutes) show more noise and require faster decision-making. Longer timeframes (15-60 minutes) provide clearer trends but require patience. Beginners often find 5-15 minute charts offer the best balance.
Moving averages smooth out price data to reveal trends. A simple strategy: when price is above the moving average, the trend is up. When it's below, the trend is down. The 20-period and 50-period moving averages work well for digital options.
RSI (Relative Strength Index) measures momentum on a 0-100 scale. Readings above 70 suggest overbought conditions (potential reversal down). Readings below 30 indicate oversold conditions (potential reversal up). For digital options, consider using 7-14 period settings for faster signals.
MACD (Moving Average Convergence Divergence) identifies trend changes and momentum. When the MACD line crosses above the signal line, it suggests bullish momentum. Crossing below suggests bearish momentum.
Quotex also provides signals, but use these as confirmation tools rather than primary decision-makers. No signal system is foolproof.
The moment has arrived. Here's how to execute your first trade with confidence.
Selecting the right asset for beginners: Major currency pairs like EUR/USD or GBP/USD offer the best starting point. They're highly liquid, widely analyzed, and less prone to unexpected spikes than exotic pairs or volatile commodities.
Choosing expiration times: Match your expiration to your analysis timeframe. If you're analyzing a 5-minute chart, consider 5-15 minute expirations. Shorter expirations increase randomness. Longer ones require more patience but offer clearer setups.
Determining proper trade size: Never risk more than 1-2% of your account on a single trade. With a $100 account, this means $1-$2 per trade. Yes, it feels small. That's the point—it keeps you in the game long enough to learn.
Executing your trade:
Essential candlestick patterns:
Support and resistance are price levels where buying or selling pressure historically emerges. Support is where price tends to stop falling. Resistance is where it stops rising. Trading bounces off these levels offers high-probability setups for beginners.
Risk management isn't glamorous, but it's the difference between a trading career and a gambling spree.
The 1-2% rule states you should never risk more than 1-2% of your total account on any single trade. This ensures that even a string of losses won't devastate your account. Ten consecutive losses at 2% risk still leaves you with over 80% of your capital.
Daily loss limits provide additional protection. Decide in advance—perhaps 5-6% of your account—and stop trading when you hit that limit. No exceptions. Losses compound emotionally and financially.
Risk-to-reward in digital options works differently than traditional trading since payouts are fixed. With typical 80-92% payouts, you need approximately a 55% win rate to break even. Focus on quality setups rather than quantity.
Building a bankroll management system:
Pre-trade checklist:
Non-negotiable stop rules:
Complex strategies impress no one if they don't generate profits. Start simple.
Trend-following strategy: Identify the prevailing trend using moving averages. Trade only in the trend direction. If price is above the 20-period MA and the MA is sloping upward, look for UP trades only.
Support and resistance bounce strategy: Mark clear support and resistance levels. When price approaches support, watch for bullish candlestick patterns and consider UP trades. At resistance, look for bearish patterns and DOWN trades.
News trading basics: High-impact economic events create volatility. Check an economic calendar daily. Either avoid trading during major announcements or learn to trade the directional moves they create.
Why simplicity wins: Beginners who master one simple strategy outperform those who jump between complex systems. Consistency builds pattern recognition and emotional discipline.
Your trading journal should record:
Minimum sample size: Don't judge a strategy on 10 trades. You need at least 50-100 trades to understand if your edge is real or just luck. Patience during this testing phase pays dividends later.
The Quotex mobile app extends your trading capabilities beyond your desk.
Setup process: Download from your device's app store, log in with your existing credentials, and you're ready. The app syncs with your desktop account automatically.
Interface differences: The mobile version condenses the desktop layout for smaller screens. Chart analysis is more limited, and button placement differs. Spend time familiarizing yourself before trading live.
Best practices for mobile trading:
When to avoid mobile trading: Complex analysis, volatile market conditions, or when you can't give the screen your full attention.
Learning from others' mistakes is cheaper than making your own.
Overtrading and revenge trading: After a loss, the urge to "win it back" leads to hasty, poorly-analyzed trades. This spiral destroys accounts faster than any bad strategy.
Ignoring market conditions: Not every moment is tradeable. During major news events or low-liquidity periods, even good strategies fail. Learn when to sit on your hands.
Chasing losses with increased sizes: Doubling your trade size after losses (the Martingale approach) works until it doesn't. When it fails, it wipes accounts completely.
Skipping the demo phase: Every dollar lost due to platform unfamiliarity is a dollar wasted. The demo account exists for a reason.
Fear of missing out (FOMO): Seeing a big move and jumping in late, without analysis, because you "can't miss this opportunity." These impulsive entries rarely end well.
Greed after winning streaks: Three wins in a row doesn't make you invincible. Increasing trade sizes during hot streaks exposes you to devastating losses when the streak ends—and it always ends.
Structure accelerates learning. Follow this weekly breakdown:
Week 1 - Platform Familiarization:
Week 2 - Strategy Testing:
Week 3 - Risk Management Implementation:
Week 4 - Small Live Trades:
You've now absorbed more trading education than most beginners acquire in months of painful trial and error. Let's recap the essential steps:
Your 90-day goals should be realistic:
Continued learning resources:
The traders who succeed aren't the smartest or the luckiest—they're the most disciplined. Every professional trader was once a beginner who refused to quit, who learned from losses, and who treated trading as a skill to develop rather than a game to win.
Your journey starts now. Open that demo account, follow this guide, and take your first step toward becoming the confident trader you're capable of becoming.
Ready to begin? Head to Quotex, create your account, and start your 30-day transformation today.
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Quotex Trading Expert
Quotex trading expert with over 5 years of experience. Passionate about sharing knowledge and effective trading strategies with the Vietnamese trader community.