You will need to provide some basic personal information and choose a username and password. Fund your account: Once you have created your account, you will need to deposit funds into it. Quotex accepts various payment methods such as credit/debit cards, e-wallets, or bank transfers. Choose an asset: After funding your account, you can start exploring the available assets on Quotex’s platform. These assets include currencies (forex), stocks, commodities, indices, and cryptocurrencies. Select an asset that interests you or one that aligns with your trading strategy. Set expiration time: Next, determine how long you want your trade position to last by setting the expiration time for your option contract. This can range from minutes to hours or even days depending on your preference.
Decide on direction: Now comes the crucial decision-making process – deciding whether the price of the chosen asset will go up (call) or down (put). Analyze market trends using quotex login technical analysis tools provided by Quotex’s platform or rely on fundamental analysis if applicable. Determine investment amount: Specify how much money you are willing to invest in this particular trade position based on risk management principles like not risking more than 2-3% of your total capital per trade. 7.Place a trade order: Once all parameters are set according to steps 4-6, you can place your trade order. Quotex will display the potential payout and return on investment (ROI) for your chosen option contract. Monitor and manage your trade: After placing a trade, it is essential to monitor its progress closely. Quotex provides real-time charts and indicators that allow you to track price movements of the asset in question.
You can also set stop-loss or take-profit levels to automatically close the position when certain conditions are met. 9. Close the trade: When the expiration time arrives, Quotex will automatically settle your digital options contract based on whether it expired in-the-money (profitable) or out-of-the-money (loss). If successful, profits will be credited to your account balance. 10. Learn from experience: Trading digital options requires practice and continuous learning. “Quotex is a popular online trading platform that allows individuals to trade commodities and make money from the fluctuations in their prices. If you are interested in making money through commodity trading, Quotex can be an excellent option for you. In this article, we will discuss how you can make money with Quotex commodity trading. Firstly, it is essential to understand what commodities are and how they work.