How to Earn $20,000 And Become Trader of The Week in Quotex

To become the trader of the week in Quotex means to make more money than everyone else in 7 days. Since Quotex created this feature on their platforms, we have seen a number of traders grow by inspiration, each time doing better than the last best trader of the week.

One thing that hasn’t changed though, is the amount of money that each best trader in Quotex has earned on the week they became the best trader. $20,000 or more.

For example: –

1. Last week the trader of the week was Nurhasan K. from Malaysia, he earned $25 874!
2. The week before that Valdomiro M. from Brazil became Trader of the week on Quotex platform, he earned $25 391!
3. And the week before Valdomiro’s, Mustafa A. from Turkey became Trader of the week on Quotex platform, he earned $17 955!

In short, to become the trader of the week, you must strive to make more money. And to make more money in Quotex, you must be prepared to do these 7 things.

Before you pin me down on how I’d know if these 7 things would work yet I have never been the trader of the week, zip your mouth and save yourself the embarrassment.

I know these 7 ideas will work because I have a community of binary options traders using Quotex and as a matter of fact, the trader of the week this week is from my community. And these are the 7 simple ideas he used to become the trader of the week.

1). Don’t be Afraid to Fund Your Account.

One thing that Abdirashid (Trader of the week 26th Oct 2022) did immediately after he joined Quotex was to fund his account. And he did not go for the minimum Quotex deposit amount $10; he funded his account with $1,000.

Now, I’m not saying that everyone who wants to become the trader of the week in Quotex must fund their account with $1,000, I’m saying that only after your account has grown to $1,000 do you have the chance to scale your profits to the heights of $20,000 profits per day.

And how do you get to $1,000? Simple, follow the Jeremiah N. strategy.

Jeremiah is another successful Quotex trader in our community that was able to grow a $100 account to KES. 361,996 in one week.

You can use this strategy to grow your account too if you do not have $1,000 to deposit all at once.

2). Use Quotex Bonus And Promo Codes.

While you may be tempted not to use promo codes and bonuses while funding your trading account, I say mince every little bonus that you qualify for.

In the case of both Abdi and Jeremiah, I have seen them use trading bonuses in their deposits.

While Jeremiah took the 25% deposit bonus on his $100 deposit, Abdi has constantly made consistent $1,000 x12 deposits each time taking advantage of the 35% bonus issued for deposits above $300 in Quotex.

If you are just learning about Quotex today and you do not have a trading account yet, create your account here and use my promo code – JOON50 to get 50% more every time you make a deposit above $150.

These bonuses will increase your trade amount and your returns on all winnings.

3). Do Not Be Afraid to Trade.

One other thing that I noticed about Jeremiah and Abdi is, they are both not afraid to trade.

At one point Abdi had 935,000 Thai Baht ($24,431) in his account and unlike most traders who’d prefer to withdraw profits to continue trading, he did the unthinkable.

I saw him open multiple trades for the entire amount. And guess what, he won all. Almost doubling his account with 2 minutes trades.

Now, this defy’s the simplest money management rule (don’t trade with more than 5% of your account balance at a go) but if ever you will become the trader of the week in Quotex, you will have to go against this rule. Though risky, if you go all in and it pays off, you will double your income and come to a step closer to topping the Quotex leaderboard.

4). Withdraw Your Earnings.

Because the Quotex trader of the week is determined by how much a trader has earned in profits in a week, it is important to withdraw your profits to check this metric.

Plus, it is the best way to appreciate yourself after so much risk, psychological trauma, and time spent in front of the computer.

Every other trader of the week I know has at the end of the week withdrawn their profits to appreciate their work.

5). Deposit More.

Every day for the 3 days that I have worked with Abdi I have noticed one thing about his account.

He deposits $1,000 to $5,000 to his account daily regardless of if he has $20,000 in balance or just $1.

I’m not sure what his reason for doing this is but I think it is to increase his spending power per trade.

Remember, the maximum rate of return in Quotex is 95% on a VIP account. Perhaps he is doing this to stay VIP and get the most ROR when he wins.

6). If It’s Working Don’t Change It.

Have I already mentioned that these traders also use trading strategies?

Yeah, they all use trading strategies and some of these strategies are basic and only require 1 or two indicators.

In case you missed it: – here’s how Jeremiah made his $3,000 from $100, and here’s how Abdi made his 321,024.16 Thai Bhat from $1,000 in just under 12 hours.

The problem with most traders is, if their strategy loses once, they quickly change it. To these traders though, if a strategy is working 90% of the time, then it must not be changed.

7). Don’t Stop Trading.

If ever you want to become the trader of the week in Quotex, then other than trading with so much money to get more returns fast, you can also trade with very little money multiple times a day and hope to win.

When you win on so many trades with a consistent rate of return, you will achieve your dream.

Conclusion.

It takes so much risk and willpower to become the trader of the week. Will you become the next trader of the week? Use these 7 points to increase your chances of success.