A Guide to Forex Trading and Quotex App Download for PC
Trading in financial markets presents a great opportunity for profit. One of the popular choices nowadays is foreign exchange trading, also called Forex or FXm which involves buying and selling national currencies to make a profit.
The Forex market operates 24/5 (24 hours a day, five days a week) and trades happen without a physical exchange.
Picking the right broker is crucial for successful trading. In investments where a significant amount of money is involved, there is no limit to how much a trader can earn, but it is always important to be mindful of potential risks.
Choosing the right broker
The broker market is flooded with options these days, each offering a variety of assets on a single platform, including stocks, indices, cryptocurrencies, commodities, and binary options, apart from Forex.
However, not all brokers prioritize safety, and some are more focused on making profits than ensuring a quality trading experience.
Some factors are needed to be considered when you are working with the broker for the first time and we will list some below.
- Before committing, try out the platform with a demo account. This helps you become familiar with the exchange’s features.
- Look into the safety measures. Brokers regulated by top-tier bodies like the Financial Conduct Authority (FCA), Australian Securities and Investment Commissions (ASIC), and Cyprus Securities and Exchange Commission (CySec) are generally more reliable.
- Read reviews from both novice and experienced traders online to get an idea of the broker’s reliability and reputation.
- Check the availability of tools such as technical indicators, charting tools, educational resources, and analytical reports. A good set of research options can enhance your trading experience.
- Explore if the platform offers industry-standard automation tools like Expert Advisor, Copy Trading, PAMM, and LAMM. These tools enable you to execute trades without constant supervision.
TU Overall Score in broker evaluation
With the groundwork laid for broker selection, the time has come to go more technical.
Traders Union, recognized as the first global association of Forex brokers, assesses brokers on criteria such as financial stability, reliability, safety, customer service quality, and trading conditions, expressed through the TU Overall Score.
The scoring system operates on a straightforward principle, with 10 as the highest score indicating the highest level of trustworthiness.
Brokers that scored between 8.0 to 10.0 are considered the most reliable platforms in the Forex market. TU experts strongly recommend opening and funding an account with these brokers.
Brokers that scored between 7.0 to 7.99 are deemed quite reliable and worthy of trust and these platforms are just a step away from being highly trusted.
Scores between 5.0 to 6.99 are positioned as mid-level companies and generally considered reliable. TU experts advise traders to conduct thorough checks before opening an account.
A score of 3.0 to 4.99 comes with a notable level of risk, a comprehensive analysis before opening an account is recommended.
Scores of 2.99 or lower does not fare well compared to higher-ranked counterparts. Trading with these platforms is highly discouraged.
Quotex: An emerging market favorite
If you are actively involved in financial markets, chances are you have already come across Quotex, a digital trading platform that provides access to over 400 underlying assets. The platform covers cryptocurrencies, indices, commodities, and binary options and is owned by Awesomo Ltd in Seychelles.
As a recognized digital options broker, Quotex allows traders to manually set a strike price and raders receive a fixed payout if the market price of the underlying asset surpasses the chosen strike price.
Quotex has one of the lowest minimum deposit requirements in the market today, capped at only $10. Additionally, newcomers are allowed to utilize a free demo account which comes pre-loaded with $10,000 in virtual funds.
Quotex app download for PC
Quotex app download for PC is a straightforward process and we have curated a simple step-by-step guide for those who are interested.
- Start by choosing between the BlueStacks software or the MEmu Play app for your PC.
- BlueStacks: Allows you to run Android applications on Windows or macOS.
- MEmu Play: An Android Emulator software that simulates Android OS on your PC, providing a native Android user experience.
- Install the chosen emulator on your PC. Once installed, the home screen of MEmu Play or BlueStacks will be visible.
- Locate the Google Play Store on the emulator’s home screen.
- Open the Play Store and search for the official Quotex app developed by Quotex Limited.
- Click on the install icon to download and install the Quotex app.
- After a successful installation, you can find the Quotex app icon on the home screen of MEmu Play or BlueStacks, whichever provider you have chosen.
- Double-click the icon to access the trading platform.
After just a few minutes of the installation process, you will have the Quotex app ready to use. Its user-friendly interface, coupled with robust data protection, makes navigation easy.
Moreover, the platform offers round-the-clock support and a demo account for users interested in exploring its features.
