10 best Quotex Tips & Tricks for making more money


Quotex is a well-known binary options trading platform that demands expertise and technique to grasp. In this post, we will look at the top 10 Quotex tips and tricks that can assist traders of all skill levels in making educated decisions and enhancing their trading activities.

These brief tips can provide helpful assistance for your Quotex trading journey, whether you are aiming to increase profits and make more money or improve your risk management.

10 best tips for quotex

1. Use the Quotex demo account as a beginner

The Quotex demo account is an essential first step for new Quotex traders. This often-overlooked tool has the potential to influence your trading career. It has numerous significant advantages.

Quotex demo account

The demo account offers a risk-free learning experience, allowing you to practice trades with virtual currency while learning the intricacies of binary options. It is where you can try out numerous strategies and connect them with your trading objectives, giving you the trust you need to trade successfully. 

You can also become acquainted with the capabilities of the Quotex platform. From charting tools to indicators, and learn from your mistakes without any actual financial losses.

➨ Sign up with the demo account on Quotex for free

(Risk warning: Trading involves risks)

2. Start with small deposits

quotex payment methods

Starting with small deposits on Quotex is an excellent way to manage your finances. It lowers risk, improves discipline, and relieves stress by involving you in financial undertakings without making significant investments.  

This strategy also encourages understanding of finances and adaptability, which makes it simpler to adjust to changing circumstances. Finally, starting small provides a solid basis for long-term financial success, opening the way for a safe and happy financial future.

2. Use candlesticks for charting

Candlesticks on Quotex

Candlestick charts are a vital tool in financial analysis because they provide a visually straightforward approach to evaluating price movements and market sentiment. These charts allow traders and investors to identify patterns, historical context, and future asset price reversals, allowing them to make more informed decisions. 

Candlestick patterns work in combination with other technical analysis techniques to support signals and improve risk management. Candlestick charts are an excellent asset for traders and investors looking for a full understanding of financial markets due to their versatility, applicability to different periods, and ability to offer information about market psychology.

➨ Sign up with Quotex for free

(Risk warning: Trading involves risks)

4. Stay away from 60-second trades

Avoid 60 second trades

While trading 60-second options is appealing owing to the promise of quick earnings, it carries serious risks that make it a wrong decision for most traders. High volatility and emotional strain characterize the ultra-short timescale, giving little room for thorough evaluation or strategy creation. In addition, the temptation of 60-second trading for those with a gambling mentality might lead to financial losses. 

To trade sensibly and decrease risks, avoid these short-term possibilities and instead focus on longer periods, well-researched techniques, and a systematic trading approach.

5. Use indicators for better predictions

quotex technical analysis

Using indicators in Quotex for financial trading and investment is critical for improving decision-making and accurate forecasting. Moving averages, the Relative Strength Index (RSI), the Stochastic Oscillator, Bollinger Bands, the MACD (Moving Average Convergence Divergence), and many other indicators are popular at Quotex. 

Indicators assist traders in making accurate and sound choices by identifying trends, overbought and oversold positions, and prospective reversals. They also help with risk management and pattern recognition and can be customized for specific plans. 

Indicators, regardless of trading timeframe, are adaptable instruments that provide essential information into market dynamics, making them a critical asset for traders looking for financial market success.

➨ Sign up with Quotex for free

(Risk warning: Trading involves risks)

6. Create a clear trading strategy

In the volatile world of financial markets, developing a clear trading strategy for Quotex is critical. It gives direction, aids in risk management, encourages realistic decisions, and ensures consistency. 

A well-defined strategy is the foundation for trading success, with clear entry and exit spots, risk management criteria, and adaptability to market changes. It also helps with learning and improvement, goal alignment, and lowering psychological stress amid market volatility.

Here is a more detailed breakdown:

  • Asset selection

Choose assets that you are not only familiar with but have also conducted thorough research on. Understand the historical performance, market trends, and potential factors that could impact the chosen assets.

  • Timeframe

Your strategy should align with your chosen timeframe. If you opt for short-term trading, such as 1 or 5-minute options, you will focus on quick price movements. You will need to analyze broader market trends and economic indicators for longer-term options, like hourly or daily.

  • Indicators and analysis

Use a combination of technical and fundamental analysis to make educated choices. For technical analysis, learn to interpret charts and utilize indicators like moving averages, Relative Strength Index (RSI), and Moving Average Convergence Divergence (MACD) to identify potential entry and exit points.

Fundamental research is keeping track of market data, reported earnings, and political developments that may have an influence on asset prices.

  • Risk-reward ratio

Establish a risk-reward proportion based on how much you are prepared to risk on every trade. For example, you might decide to risk 1% of your trading capital to earn 3% potentially. This confirms that your probable rewards outweigh your potential losses.

7. Trade the asset with the highest return

Highest Return on Quotex is mostly the EUR/USD
The EURUSD ist the asset with the highest return on Quotex

Quotex provides a variety of assets with varying return rates. Trading the asset with the highest return, like EUR/USD, AUD/CAD, USD/JPY, or USD/GBP, is a profitable method that comes with significant risks. It entails investing in assets with the potential for large gains, which are frequently characterized by significant volatility. 

Investors need to conduct thorough studies, minimize risks, and be mentally prepared for market volatility in order to use this approach effectively. Diversification and a well-defined trading plan are critical for risk management, as are timing and regulatory compliance.

➨ Sign up with Quotex for free

(Risk warning: Trading involves risks)

8. Do not trade OTC charts on Quotex

Do not trade OTC Charts
OTCs are highly risky

When trading on the Quotex platform, be cautious when dealing with Over-The-Counter (OTC) charts. On Quotex, OTC charts represent less regulated digital assets that can pose distinct risks to traders. 

These assets may be subject to market manipulation, have little information available, have higher spreads, and have higher costs. OTC charts can be more vulnerable to price fluctuations, which might lead to negative trade outcomes. In the absence of market transparency, it might be difficult to establish fair market conditions. 

In summary, while Quotex offers a variety of trading alternatives, dealing with OTC charts requires a cautious approach to reduce potential hazards and complications.

9. Do not trade during news events

Trading during news events might be appealing due to the possibility of quick market swings, but it comes with significant risks. Volatility and unpredictability in the news can cause psychological distress, slippage, and challenges in risk management. 

Traders should exercise caution, use strict stop-loss orders, and weigh alternative techniques, such as waiting for initial market movements to die down before entering or exiting positions.

➨ Sign up with Quotex for free

(Risk warning: Trading involves risks)

10. Stay away from automated robots

Automated trading robots on Quotex may appear to be a convenient alternative for traders looking to profit from financial markets, but they should be used cautiously. These systems are incomprehensible, can be over-optimized for prior conditions, and frequently struggle to respond to unexpected market occurrences. 

Significant drawbacks include their high costs, security issues, and a possible loss of learning opportunities. Traders that rely only on automatic robots may find it difficult to make intelligent, context-aware decisions. 

Before considering their use, traders should carefully study these methods and determine whether they correspond with their aims and risk tolerance, as hands-on trading frequently produces better long-term outcomes.

More bonus tips and tricks to gain substantial profits from Quotex

Here are some major tips to earn as much money as possible with Quotex:

  • Do not use more than 5% of your account balance since there is no confirmation of high returns on trading.
  • Make a few transactions per day since investing a large sum on an everyday basis may end you up with zero balance on your account and no guaranteed return on investment.
  • If you are willing to apply a new strategy, practice on the demo account first and then apply your learning on the real trading account.
  • Increase your trading timeframe to more than a minute as you can analyze the charts better by taking more time and end up with the most profit.

Important tip: Money Management

Effective money management is crucial for preserving your capital and achieving consistent profits:

  • Risk management

Limit your exposure on each trade to a small percentage of your total trading capital. This protects your account against substantial losses if a trade does not go according to expectations. Traders usually risk not more than one and two percent of their funds on a single trade.

  • Diversification

Avoid investing all of your money into just one trade or asset. Diversification distributes risk over multiple assets or transactions. This way, a loss in one trade will not severely affect your overall capital.

Conclusion: More profit with our Quotex tips!

Successfully trading on Quotex requires careful planning, practice, and a strategic approach. By starting with a demo account, using candlestick charts, avoiding 60-second trades, utilizing indicators, and creating a clear trading strategy, you can significantly increase your chances of making profitable trades and making more money. 

Additionally, selecting high-return assets, avoiding OTC charts, refraining from trading during news events, and steering clear of automated robots will help you navigate the platform safely and efficiently. These 10 tips and tricks will guide you toward a more rewarding trading experience on Quotex.

➨ Sign up with Quotex for free

(Risk warning: Trading involves risks)

About the author

Marc Van Sittert
Marc Van Sittert is an experienced Binary Options Trader and coach who is originally from South Africa. He started his career in 2014 by trading old-school Binary Options online. His main focus is on short-term contracts with 60-second trades.

Write a comment

  • haitam elhlal

    says:

    the quotex broker is the best broker with fast withdrawal and minimum diposit 10$ is good otc market is the best broker on the word