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What is Quotex?
How Does Quotex Work?
What's the difference between OTC and the Real market?
OTC Market: Prices are established by internal liquidity providers and are open 24/7. High volatility, ideal for short-term trading.
Real Market: Prices are based on external exchanges (such as NASDAQ). Operates throughout regular trading hours. Suitable for long-term work.
Account Setting Guide:
Registration: Visit Quotex.com and sign up via email or phone.
Quotes Validation
Upload a form of official identification, such as a driver's license or passport.
Provide proof of address in the form of a utility bill that is no more than three months old.
In certain situations, selfie verification might be necessary.
How to deposit in Quotex Use credit/debit cards, cryptocurrency (USDT, Bitcoin), or e-wallets (Skrill, Neteller) to fund your account. $10 is the minimum deposit.
How to trade on Quotex?
Step 1: Choose an asset (such as EUR/USD or Bitcoin).
Step 2: Select a timeframe (30 seconds to 5 minutes).
Step 3: Enter your investment amount (1 - 1000).
Step 4: To predict price change, click UP or DOWN.
Step 5: Check the findings when the countdown has expired.
Profit and Loss Analysis:
Maximum return: 95% (for cryptocurrency).
Minimum return: 70% on key forex pairings.
Loss: 100% of the investment (if prediction is incorrect).
Quotex Advanced Strategy
Candlestick Patterns: Use Doji, Hammer, and Engulfing patterns to identify trends.
Indicators: Use RSI (overbought >70, oversold <30) and MACD crossover indications.
News-Based Trading:
An economic calendar can be used to trade around key events (for example, FOMC meetings or CPI data).
Quotex Trading Risk Management
Follow the 5% rule: Never risk more than 5% of your capital per deal.
Use a stop loss to minimize losses and a take profit to protect winnings.
Quotex Tax implications
In the United States, profits are taxed as capital gains (0-37% of income).
India: 30% tax on cryptocurrency earnings plus 1% TDS.
EU: Varies by nation; Germany taxes after a one-year holding period.
Mobile App Reviews:
Features include real-time charts, one-click trading, and an economic calendar.
Pros: A smooth user interface and 24-hour customer support.
Cons: No MT5 connectivity, and a smaller asset selection compared to Binance.
Quotex Avoiding Scams
Red Flags: Brokers promising "guaranteed returns," as well as unsolicited WhatsApp alerts.
Safety Tips: Enable 2FA, withdraw gains on a regular basis, and check broker licenses.
User Testimonials: John (USA): "Started with $50, paid attention to detail."
Now 50, practice on the demo account for a month. Earn $300-$500 monthly using RSI methods.
FAQ:
Q: How long does withdrawal take?
A: E-wallets: 1 to 3 hours; bank transfers: 3-5 business days.
Q: Is Quotex available in the UAE?
A: Yes, but traders must follow local restrictions.
Practice: Use the demo account to try methods without risk.
Stay informed: Follow financial news on Bloomberg and Reuters.
Emotional Control: Avoid vengeance trading after a loss.
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