Binary Options or forex trading has become a popular trading type among investors. This is the process of buying and selling different financial instruments. Such a form of trading requires a lot of practice, and there are many factors that can make this trading very challenging.
Here the price moves quite frequently, and this is something that makes this market lucrative. However, for beginners, such trading can be a dangerous thing as they don’t know much about the market. But don’t think that this is not the right financial market for beginners. When you have the right trading strategy, you can trade confidently.
But you need to keep in mind that not one trading strategy will work all the time.
Besides, it will also vary from one platform to another. For example, if you are planning to use Quotex for trading, then you can only use Quotex strategy to enjoy the best results.
So, here you will get to know about some best and proven Quotex strategies that you can deploy to increase your winning chances. Let’s explore those strategies.
Some useful trading strategies that Quotex users can use
What you will read in this Post
As a reputed trading platform, Quotex offers different trading tools and strategies to the traders to earn more profit. Well, these strategies can range from very complex to simple, with different payoffs and odd names.
Most of the Quotex strategies are based on two major options, the Put or the Call. Go through the strategies carefully so that you can decide which one can work for your trading style.
#1 Rebound line trading strategy
In simple words, line rebounding is a detailed and easy-to-follow graphical pattern that can catch the moments when the financial assets’ price cannot resist the level of break the support. As per the experts, during the trade, the stock price can attain a resistance level.
On the other hand, the candlestick can close below the line. Some traders think that the upward trend of the price will not happen again for that day. As a result, they all call for a fall.
When its price level attains the support line and the candlestick closes that line, the traders assume that the price will not fall again. And this is the time where they can trade for a rise. So, for this strategy, you need to carefully study the price trend and candlestick position.
#2 Hikkake pattern trading strategy
The meaning of this Japanese word is “Catch, Hook and Ensnare.” The pattern was developed by Daniel L. To use this strategy; you need to understand the candles movements in this pattern. The first two candles in this pattern are called the Harami pattern. Or you can also call this the Inside-Day.
When the trend is upward, you can see a bearish Hikkake pattern. Here, you can see four general candles of this pattern. By analyzing the last candlestick, you can know the movement of price. If it moves downwards, then you can open a sell position and open for the right moment to close the trade.
The traders can enter the trade when they detect a bullish Hikkake pattern. If you look at the first four candles, you can see a short drop in the trade prices. However, there will be a breakout. After that, the pattern will be complete. The pattern’s last candlestick will show that the price will rise. This is the time to go for a buy trade.
#3 Anti-marginal Quotex strategy
This is one of the most popular Quotex Strategies used by a lot of Quotex users. The traders can go for the fixed-time trades on this platform using this trading strategy. However, to increase your chances of making a profit, you need to follow some rules.
First, you need to understand what should be your investment amount. Well, if you are trying out this for the first time, then start with USD 10.
After that, conduct an extensive market analysis and forecast the price movement. You need to enter into the trade considering the forecasted direction. Now, you might be thinking about what you will do if you face the loss? Don’t worry at all, and use USD 5 for your next trading transaction.
Keep observing the market and then open a trade based on your market analysis. When the trade time expires, you will see that you have owned the trade. So, if you want, now you can double the trading amount. For now, let’s move with USD 10.
If you face your third loss, you can prefer to lower the amount to USD 5. After carrying out a market analysis, you can open a trade accordingly, and when it expires, you will find that you have made a profit.
Suppose you invest USD 10 in your fifth trading transaction. If you win, you can think about doubling the capital. If you lose, you can reduce the amount by 50 percent and put USD 10 on the next trade.
Keep doing that, and in the end, you can see a total profit of USD 96. If applied properly, this strategy can help you earn a huge profit. That’s why anti-marginal trading is considered one of the most profitable Quotex strategies to try out.
#3 Reversal trading strategy
This strategy says the traders should buy stock in the direction where the price is currently moving. Well, this is a good trading strategy for the Binary Options traders as here the transactions can be carried out faster.
Speaking more about this, it is created considering three different powerful indicators. These are SMA, MACD, and Bollinger Bands.
How to configure the indicators and charts?
To trader applying the reversal trading strategy, the traders need to activate the candlestick chart. They can also trade some highly volatile assets, for example, cryptocurrencies and USD. For indicators, apply the following settings:
- Set default parameters for the MACD.
- Use 10-period for the SMA
- Use 22-period and 2- deviations for Bollinger Bands.
As per the experts, to make this strategy effective, you should consider a 15-minute timeframe. However, you are free to change the timeframe later. Now, let’s discuss how to use this trading strategy.
First, analyze the market and wait for a major price movement. You can see the candlesticks in the same color. Wait till four to six candles attain the same color.
However, don’t make your decision instantly as the trend can change at any time.
In this trading, false signals can be a reality. Based on the price action, the reverse trend can happen. So, consider a 5-minute to 15-minute timeframe. Now, make the call when you see the candlesticks located above the Bollinger bands have an upward trend. In this case, the MACD chard will be above zero.
However, if the candlesticks are moving down and below the Bollinger Bands, then go for a Put. The price will make the MA move in a downward direction, and the line of the MACD will also go down.
#4 Haunting trading strategy
Among all the Quotex strategy, some traders may find this a little complex to use, but it can increase the chances of making more profit. This trading strategy is developed for trading under a lower timeframe.
For this strategy, it is advisable to go for the short trade expiration time. That means you can consider the formation time of at least three candlesticks.
When all the lines show an upward movement, the traders can execute the Call. However, to verify the trend, make sure the RSI- Relative Strength Index is positioned above 50. On the other hand, when the Alligator lines are going downwards, you can execute a Put contract.
#5 Turbo trading strategy
This popular strategy utilizes two major technical indicators that every trader can find while using the Quotex platform. These are the Moving average and the Awesome Oscillator.
The moving average demonstrates the price movement’s direction. On the other hand, the Awesome Oscillator demonstrates the price change’s strength. Here the traders generally prefer to initiate a trade on trend reversals.
To buy trade, you need to make sure that the WMA crosses the EMA lines. For example, if it reaches the EMA 30 but doesn’t reach the EMA 20, then don’t enter into a trade. Go for Call when the histogram becomes positive.
You should go for the Put when the Awesome Oscillator enters the bottom area. As per the experts, this type of trading should be conducted in at least a 30-second timeframe. On the other hand, the expiration period should be less than one minute.
Even though options trading is associated with a higher level of risk, you can use different Quotex strategies that can limit the risk. These strategies are tested by the experts for their effectiveness and can help you to increase your overall returns.
All the above-mentioned trading strategies are quite straightforward, but you shouldn’t consider them free of risk. So, don’t forget to study the market and price trends before making a trade. Besides, you use the Quotex demo account and tools to create and try out other trading strategies.