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Quotex Learn

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QUOTEX:

Asset types: Quotex primarily focuses on binary options and CFDs, which are different instruments
compared to traditional forex trading.

Binary options involve predicting whether the price of an asset will be higher or lower at a specific time
in the future.

CFDs are contracts where you agree to exchange the difference in price of an asset from the opening to
the closing of your position.

2. Timeframes: Quotex focuses on short-term trading, often within minutes or hours. This requires a
different approach compared to longer-term strategies used in traditional forex trading.

3. Risk management: Due to the high-risk nature of binary options and short-term trading, risk
management techniques become even more crucial for Quotex.

Therefore, while your existing knowledge of trading principles is valuable, you need to adapt them
specifically to the context of Quotex:

Focus on strategies suitable for short-term timeframes: Explore strategies like scalping, price action
trading, and trend following adapted to binary options and CFDs.

Learn about technical indicators specifically suited for binary options: Some indicators, like the Bollinger
Bands and Relative Strength Index (RSI), can be useful for identifying potential entry and exit points.

Develop strong money management practices: Start with small trade sizes, utilize stop-loss orders, and
maintain strict risk-to-reward ratios.

Practice on a demo account: Quotex offers a demo account to test your strategies and understand the
platform without risking real money.

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