How does Quotex earn money? – Explanation for traders
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Are you new to trading and looking for ways to make money? Then, trading is the way to go, and Quotex makes the process easy for you. With a simple interface and multiple trading instruments, you can make money trading for at least an hour every day.
➨ Sign up with Quotex for free now!
How does Quotex earn money?
Quotex is a perfect platform for trading since it also offers you a demo account for practicing and learning the trading techniques. But how does quotex earn money? Read below to know more:
> The first way to earn money through quotex is to open a demo account that provides you with $10,000 so that you can trade every day and understand the market fluctuation and assets usage. The sign-up is easy to perform and is the safest way to learn trading so that you can get ready for the actual live trading.
>The second way of making money is by trading alone to be responsible for your mistakes and successes. Moreover, you can earn all your investments for yourself without sharing them with anybody.
> Recruit signals or trading analysts that will inform you of the entry of any favorable trading instrument. However, you must pay a fee to them and will have to incur all losses by yourself.
Take the help of a fund manager who can trade-in your name using trading strategies and understanding market fluctuations properly. But the downside of this method is that you will not be able to earn a lot of benefits through this method since it is unstable. You will not be aware of the trading happening and could quickly lose millions in one go.
Quotes also attract several newbies by offering a range of binary options, a welcoming bonus for the new traders.
About Quotex
Quotex is a digital trading platform founded in 2020 and offers multiple asset options such as binary, indices, cryptocurrencies, and commodities. They have traders from all around the world, including 49 countries, for anybody of the age of 18.
The members of IFMRRC (International Financial Market Relations regulation Centre) have regulated Quotex. As a result, there are about 410 multiple assets provided as options.
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Characteristics of Quotex
Quotex feeds you asset information that you can learn and determine the correct asset for investment. By doing this, you will be able to decide on the high return on invested money.
There are multiple currency forms available for exchange by simply tapping on a button on the platform.
This platform also offers trading signals from professional trading analysts on every new instrument or tool introduced in the market.
How to calculate profit for a trade?
Quotex calculates the profit for the trade on your behalf digitally. The yield is calculated by getting the percentage of the value. It does not change with the change in the value, as it is a standard amount per transaction.
For example, if the price shoots up by a single position in the direction you had predicted earlier, you will earn 90% of the value of your asset option. However, your profit would remain the same regardless of how many positions it changes in the same direction as before.
However, if you wish to estimate the amount of money you will earn as profit, follow the steps below:
>Select the asset option.
>Mention the price at which you would buy the option.
>Observe the timeframe for the trade, after which the Quotex platform would automatically flash the correct and accurate profit numbers on the screen.
Since this is done digitally, the amount of profit is fixed, which is 98% of the investment. Therefore, yield is known beforehand, and you don’t have to worry about any drop in the profit margin.
The balance reflects in your account after the trade is closed.
Importance of charting
Charts deal with the constant change in the markets or market fluctuations and are changeable according to the trader. You can use many indicators or instruments that come with the platform, which helps the trade make changes according to the trader’s choice.
However, you must have a live account to access the trading signals and latest market information even though you receive ordering screens precisely on the chart’s right-hand side, making trading a fair and accessible job.
➨ Sign up with Quotex for free now!
What is the Quotex demo account?
Quotex provides a free interactive account known as the demo account, where you can rehearse trading strategies and apply real-life trading rules. As funds, you receive $10,000, which can be used to trade and understand the market fluctuation.
However, you do not get features such as the latest news, trading tricks and tips, and other information.
The easiest way to sign up for a demo account is
Sign up with an email address, a username, and a password.
Work on your trading skills every day and use all the material provided.
Finally, turn to the live account and start trading with a deposit of $5 and 410 instruments.
Benefits of Quotex
If you’re choosing Quotex as your favorite broker you will experience several benefits:
>The brand platform is online and has a straightforward interface that anybody can use.
>The deposit fees for trading are very minimal, i.e., $10.
>The minimum amount of withdrawal is $10 with no extra costs.
>Worldwide access to 19 countries with different languages.
You can easily copy a professional trader’s trading strategy for your trade.
>Quotex provides a surge of trading signals.
40% of the bonus is offered during the initial deposit.
Conclusion
Quotex is a great digital broker with a usable interface and special services such as copy trading and trading signals. In addition, the deposit and withdrawals are minimum, with no fees on withdrawal but a 40% bonus on the initial deposit.
As a trader, you will feel comfortable with the range of multiple assets and the ease of use that this interface provides.
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