In Less Than 12 Hours Abdirashid J. Form Thailand Has Grown His Quotex Account From $1,000 to 321,024.16 Thai Bhat. How Did He Achieve These Results? Let’s Find Out.
Abdirashid J. registered his account here on our blog last night and made a deposit of $1,000 to start trading binary options.
Of course, he also took advantage of the 35% deposit bonus issued in Quotex for deposits above $300 and got an extra $350 on his first deposit.
If you are totally green about binary options trading and you are wondering what I’m even talking about Quotex is even about, read the next paragraphs for a brief explanation of binary options trading in Quotex.
What is Quotex?
Quotex is an online binary options trading platform that lets you earn money for the correct prediction of the price of currency pairs, commodities, crypto, and stocks.
The minimum trade amount in Quotex is only $1 and the maximum rate of return is 95%.
After making his deposit, Abdirashid J. placed a few trades in Quotex and won all of them earning 321,024.16 Thai Bhat in the short period that he was committed to trading.
Here’s the interview that we had with Abdirashid J and the exact answers he gave us.
He was kind enough to even show us his strategy.
Q1. Well done on your trading results this weekend Abdirashid J. What do the journey and the success you achieved today trading on Quotex mean to you?
It means a lot to me.
I was finally able to crack the code of binary options trading and my success can be seen in my new account balance.
It’s still hard to believe that my $1,000 has generated $ 9,752.06 in profits in a handful of trades.
The best part, I have already withdrawn $ 2,628.86 from my winnings and received my money in my wallet. Quotex is genuine.
Q2. Prior to creating a trading account in Quotex, were you trading binary options?
Yes, I have tried pretty much all the older trading platforms.
I tried Olymp Trade, Iq Option, Binomo, and Expert Option but achieved no success with all these platforms.
Quotex on the other hand feels different and more than ever I am hopeful about earning decent income trading binary options.
Q3. How much success did you achieve with the previous platform?
As mentioned earlier, I did not make any good money trading with those other platforms.
To be honest, I lost almost all the money I deposited to my trading account, every time.
Q4. What chatting features do you find useful on Quotex?
More than everything on the platform, I like the leaderboard.
Just seeing my trading ID rise in the ranks has given me the motivation to continue trading and aim high for the top position.
At the moment I am number #2 on the leaderboard with a total sum of $ 9,752.06 in profits realized today.
I also like the analytics button on Quotex.
Q5. Do you wish you started trading in Quotex sooner?
Yes, in less than 12 hours Quotex has enabled m to earn more money than I would make fishing in two years in Thailand so what is it not to like about the platform?
Q6. Do you think it is possible to make $10,000 daily trading on the Quotex Platform?
I think I can answer that if tomorrow I trade again and get the same success I got today.
“Why not have a follow-up interview and ask me that Question again in 1 week?” I think I will be in a better position to answer it then.
Q7. Which strategy are you currently using, outline it to someone else reading about your interview and needs a miracle today?
My strategy is very simple.
It is a trend-following strategy that I learned a long time ago on YouTube but I have never quite tried it on a real account.
It is based on a 50 EMA and the stochastic indicator.
1). Setting up the EMA.
To start using this strategy, click on the indicator tab on Quotex, and under moving averages choose the EMA.
Next, change the period from the standard period 10 to period 50.
That’s not all,
You also need to change the chart timeframe to 5 minutes, set the trade duration to 10 minutes, and since this is a high-probability winning strategy, increase your trade amount.
I have personally been going all in on all my trades.
2). Setting up the Stochastic Oscillator.
With all the parameters set, now focus on adding the stochastic to your chart.
The stochastic is one the fastest indicators ever built. It not only shows you when a prevailing trend is almost coming to an end but also when a new one is beginning.
If you use the Stochastic together with the EMA, you will increase your chances of winning and you can hopefully achieve the same success as I have.
How to add the Stochastic on Quotex charts.
It is simple.
Click the indicator button in Quotex and scroll to find stochastic.
Click on it once and use it with the standard settings.
How to Trade With This Strategy.
To open a BUY position,
- Wait for the price to cross the 50 EMA from the bottom to the top.
- Wait for two candlesticks to close and if they all close green, check the stochastic for a BUY confirmation
- The green MA in the stochastic must cross the red MA to the top and be above the 30 levels.
If all these parameters are met, trade UP.
To open a SELL position,
- Wait for the price to cross the 50 EMA from the top to the bottom
- Wait for two candlesticks to close and if they all close red after the cross, check the stochastic for a SELL confirmation
- The green MA in the stochastic must cross the red MA from the top and be below the 30 level.
8). What is the best time to trade with this strategy?
I have only tried this strategy today with OTC pairs in Quotex and it has worked magic.
I am yet to backtest. When I traded with it though, it was morning.
What was your inspiration for this strategy?
As mentioned earlier, I learned about this strategy on YouTube. I can’t claim it. It isn’t mine.
I tried it and it worked and as they say if it is working, why change it?
How not to lose money with the EMA and Stochastic trading strategy.
- Place your trade for 10 minutes
- Make sure two candlesticks have lapsed after the price crosses the EMA before opening a trade.
- Do not trade until you get a signal on EMA and confirmation on stochastic
- Don’t open multiple trades
What have you learned the hard way while trading binary options?
- It takes money to make money. Do not be afraid to invest. You may take a few losses but you will eventually win.
Advise someone who wants to start trading binary options and is not sure where or how to begin.
Trading is easy.
The hard part is staying patient and glued in front of your computer waiting for the opportune moment to trade.
If you can stay patient and wait for the signal and confirmation, you will make money trading binary options.
Ps. In less than 12 hours Abdirashid J. has earned over $ 9,752.06. This makes him number two on the Quotex leaderboard today.
Interestingly, he started with $1,000. He has successfully withdrawn $ 2,628.86 and is hoping to continue making money trading in Quotex.
To celebrate Abdiradhid J, we will let our 50% bonus promo code continue running for the next 1 week. Register here and use our promo code – JOON50 to get 50% more on every deposit. If you deposit $150 you will get $75 extra for FREE.