Quotex: How to Grow Your Capital by Making The Right Predictions

Trading in Quotex is one of the most popular methods people over 18 will use to make money online in 2024. As the title of this post suggests, Quotex provides a trading platform where traders can predict the price movement of different assets and earn money to make the right prognosis.

In this post, we will look at all four different steps that traders follow on this trading platform to grow their capital from at least $10 to great results.

If you don’t have an account in Quotex and would like to follow my guide to get started on this platform, feel free to create your trading account with my Quotex affiliate link.

Creating an account with this link is an advantage to you, as you will be able to:

• Access and use my trading strategies for free
• Access my VIP trading channel on Telegram
• Get bonuses linked to my affiliate link
• And have my full attention when you want help regarding Quotex trading

Ready with your account? Now, let us look at all the steps involved in making the right predictions in Quotex to grow your trading capital.

1. Select an asset

To place a successful trade in Quotex, you will first need to select an asset you will to predict it’s outcome.

Luckily, the Quotex user interface on all deices is great and easy to use.

Besides that, Quotex also guides it’s useers on the on boarding process to help them figure out what each button does on the platform.

In case you skipped the onboarding tutorial, here’s as imple way to get back on track.

Click on the plus sign on the trading platform as shown in the image below to reveal and choose your prefered asset.

Quotex allows you access to 100 plus financial instruments spread accorss differet asset classes.

In it, you can choose to trade:

• Currencies
• Stocks
• commodities
• Crypto

Each of these instruments offer up to 98% rate of return and you can even trade them on weekends and public holidays.

2. Monitor the chart

Have you choosen your prefered aset already? Now it is time to monitor the charts and pick signals to trade.

The best way to get perfect entries in Quotex is to use trading tool such as the disjoint channel, the Gann Box, Horizontal line, Curve, Ichimoku Cloud, Donchian Channel among all the other trend indicators, drawing tools and oscillators available on the platform.

Other than using these trading tools to monitor the binary options charts, you can also use price action, use the Quotex inbult signals tool or opt for thrid party signals tool for Quotex.

Whichever method you settle for, be sure to follow all the rules provided for that trading system.

3. Place a trade

Should you see a good entry signal for your trade as highlighted above, place your trade.

A good signal in Quotex must meet all the rules set in your trading system and you must not break the rules of that system if you want to grow your capital consistently.

For example, if your trading system says,

• Identify bullish engulfing candlestick patterns to open up trades and bearish candlestick patterns to open down trades
• Trade on one minute durations
• Do not stake more than 5% of your account balance
• Use martingale for risk managemnt up to 20% of your account balance
• Stop trading when you loose 3 times in a row

Then I say, follow these rules and only trade if each box checks for the rules.

If nothing checks, don’t trade until such a time that the system allows you to trade.

Good thing, Quotex also has a demo account which you can use to practice how to trade, risk free.

The demo account also allows you to test and backtest your own trading strategies and strategies developed by others, risk free.

4. Get the result

If you follow all these rules and are patient enough to allow the market time to adjust to price, then you should get positive results.

As mentioned earlier, traders in Quotex get up to 98% return on investment and traders who make good profits are also showcased on the quotex leaderboard.

An inbult ranking system that showcases traders who are making good profits, which countries they come from and their daily overall profits.

In addition to showcasing these results, Quotex sends out weekly newsletters dabbed, Quotex trader of the week.

This ranking showcases the trader who earned the most profits in Quotex in the ended week in all the Quotex trading communities.

This gives traders some prestige as well as the encouragement to keep trading with Quotex.

The closest I have ever come to becoming the trader of the week in Quotex was earning $21,000 in a week. Over the same period, someone else from India earned $28,000 form $1,000 capital to beat me for the titile.