When you first start trading on Quotex, the platform’s interface might seem overwhelming due to its many features and options. However, once you understand the layout and tools available, you’ll find it’s user-friendly and efficient for all your trading needs. In this guide, we’ll walk you through the Quotex interface and explain the key elements every new user should know.
1. The Dashboard Overview
Upon logging into Quotex, you’ll be greeted by the dashboard, which is the central hub of the platform. The dashboard is designed to give you easy access to everything you need for trading:
- Top Menu Bar: This contains essential functions such as account settings, deposit, withdrawal, and the help section. It also shows your account balance and available funds.
- Trading Assets List: On the left side, you’ll see a list of assets that you can trade, including forex, stocks, cryptocurrencies, and commodities. You can search for your preferred asset by name or category.
2. The Trading Chart
The trading chart is the most important part of the interface. It’s where you’ll analyze price movements and make your trading decisions.
- Chart Type: By default, Quotex displays a candlestick chart, but you can switch to other chart types, such as line or OHLC charts, using the chart settings. The candlestick chart shows price movements in a visually clear way, helping you analyze market trends.
- Timeframe Selector: Just below the chart, you’ll find the timeframe selector. You can adjust this to set how far back the chart should show, ranging from 1 minute to 1 hour or more. This helps you analyze both short-term and long-term trends.
- Indicators: On the chart, you can add various technical indicators such as RSI, MACD, Moving Averages, and Bollinger Bands. These indicators help you make more informed decisions based on market analysis.
3. Trade Setup Panel
On the right side of the screen, you’ll find the trade setup panel. This is where you’ll make all your trade decisions.
- Investment Amount: Enter the amount you want to invest in a trade. You can adjust this according to your risk management preferences.
- Trade Direction (Call/Put): After analyzing the market, choose whether you think the price will go up (Call) or down (Put). This is the core of binary options trading on Quotex.
- Expiration Time: Set the expiration time for your trade. This determines how long your trade will remain open. Common time options include 1 minute, 5 minutes, or 15 minutes.
Once you’ve selected the investment amount, trade direction, and expiration time, you can click Trade to execute your order.
4. Open Trades and Portfolio
At the bottom of the interface, you’ll find a section that shows your open trades and trade history. Here, you can monitor active trades, including their current status and potential profits or losses.
- Active Trades: This section displays your open positions with live updates on how they’re performing.
- Trade History: You can review your past trades and analyze how well your strategies are working. This is useful for tracking your progress and learning from past experiences.
5. Tools and Settings
On the top-right corner of the screen, you’ll find additional tools and settings options:
- Trading Tools: This includes drawing tools like trend lines, support/resistance levels, and channel tools to assist with technical analysis directly on the chart.
- Settings: You can adjust your account settings, change language preferences, and toggle sound notifications for trade alerts.
6. Mobile-Friendly Interface
Quotex’s platform is optimized for mobile devices as well, allowing you to trade from anywhere. The mobile version retains all the essential features, including the trading chart, asset list, and trade setup panel, ensuring a smooth trading experience on smartphones and tablets.
7. Demo Account for Practice
For new traders, Quotex offers a demo account where you can practice using the interface with virtual funds. The demo account simulates real trading conditions without risking any money, making it a perfect tool to get comfortable with the platform’s features.
Conclusion
Understanding the Quotex interface is crucial for successful trading. With a user-friendly dashboard, customizable chart options, and easy access to trading tools, Quotex provides everything you need to make informed decisions. Whether you’re a beginner or experienced trader, take time to explore the platform and make use of the demo account to practice before committing real funds.
By familiarizing yourself with the layout and tools, you’ll feel more confident and equipped to start trading on Quotex.