How to Trade And Make Profits in Quotex for Beginners

Many people who have tried trading with other brokers and failed think that just like in their previous trials, they can not make a profit in Quotex, but this is not true. There are a number of ways to make profits in Quotex, and this article will show you how.

What is Quotex investment all about?

Quotex is a digital options trading platform that was founded in 2019 and it allows you to trade on the financial markets to make money on crypto, currency pairs, commodities, indices, and stocks.

But trading isn’t the only way you can make money in Quotex, there are a few different ways that you can make money on the platform.

The first way is through affiliate marketing.

1). As an affiliate in Quotex, you can make profits by referring digital options traders to the platform. Depending on the activity of the traders you refer, you can earn up to 80% profits on this platform.

2). The second way to make a profit on Quotex is through a YouTube channel. While this can work in your favor if you’re already an affiliate in Quotex, you can also make some extra money with a Youtube Partners Program partnership. Try to only create content related to Quotex to increase your chances of success with the channel.

3). The third way to make money with Quotex is through blogging. You can create a niche blog that only talks about Quotex and monetize by providing paid Quotex signals, sell Quotex pdf ebooks, or through AdSense.

These are just some of the methods that you can use to make money with Quotex. In this post though, we will only focus on trading.

Without wasting too much time, let’s get started.

How digital options trading works in Quotex

Have I already mentioned that Quotex is a digital options trading platform that allows traders to trade a variety of assets including currencies, stocks, indices, and commodities, and make money?

But what are these digital options and how do they work?

Digital options are a type of options contract that pays out a fixed amount if the underlying asset expires at or above the strike price.

If a trader predicted a price rise and the underlying asset expires below the strike price, the trader will not receive anything.

Conversely, a trader will lose his trade amount if he predicts that the price of an underlying asset will fall and it ends up rising.

One of the great things about digital options trading is that it’s relatively simple and straightforward. You don’t need to be an expert trader to make money trading digital options.

Another advantage of digital options trading in Quotex is that there is no commission or fees charged by Quotex. This means that you can keep all of your profits.

To start trading digital options on Quotex, simply sign up for an account and deposit some funds. Then you can begin trading immediately.

Again, to make money trading digital options, you’ll need to correctly predict whether the underlying asset will expire at or above the strike price. If you think the asset will expire below the strike price, you should sell (or ‘trade down’) and if you think it will rise, you should buy or trade up.

How to predict Quotex

There are very many different ways a trader can predict the price of an underlying asset in Quotex and earn profits. One of the easiest ways to predict the price of any asset when trading is to use price action.

a). Price Action

For those who are new to this term, price action refers to the movement of an asset’s price over time. When trading with Quotex, you can use price action to predict the future direction of an asset’s price.

How and why you ask?

This is because the past performance of an asset’s price can be used to predict its future performance. In other words, if an asset’s price has been moving up over the past few days or weeks, it is likely that it will continue to move up in the future.

Similarly, if an asset’s price has been moving down over the past few days or weeks, it is likely that it will continue to move down in the future.

One of the best ways to trade using price action is to look for candlestick patterns. Candlestick patterns are formed when the price of an asset creates certain patterns on a candlestick chart.

There are many different candlestick patterns, but some of the most popular ones include the following:

The bullish engulfing pattern:

This pattern is formed when a small bearish candlestick is followed by a large bullish candlestick. The bullish engulfing pattern indicates that buyers are starting to take control of the market and that the price of the asset is likely to continue to move up.

The bearish engulfing pattern: This pattern is formed when a small bullish candlestick is followed by a large bearish candlestick. The bearish engulfing pattern indicates that sellers are taking control of the market and that the price of the asset is likely to continue to move down.

 

Hammer and hanging man patterns: These patterns are both formed when there is a long wick on one side of the candlestick body and a small body on the other side.

The hammer pattern indicates that buyers are taking control of the market while the hanging man pattern indicates that sellers are taking control of the market.

Other than using price action in Quotex, traders also use technical analysis and fundermental analysis to predict the price.

Quotex 1 Minute Strategy

Since Quotex allows trade durations as little as 15 seconds, traders on this platform can open trades with strategies as simple as a 1 minute strategy that we’ll talk about in this guide and earn profits.

To get the best 1 minute strategy for making money in Quotex, first decide if you want to become a price action trader, a technical analysis trader or a fundamental analysis trader.

Each has its own advantages and disadvantages. We will cover that in a different article if you comment with this sentence, “show us the difference between technical analysis and fundamental analysis.”

In this post though, I will show you a 1 minute strategy based on price action.

1). Pinbar 1 Minute Trading Strategy.

What are pin bars you ask?

Pin bars are candlesticks with long wicks that protrude from the price action. They show rejection of a certain price level, and often indicate a change in direction.

The best place to look for pinbars is at key support and resistance levels.

And what are support and resistance levels you ask?

These are areas where the price has previously found rejection and is likely to do so again. When you see a pinbar forming at a key level like a support or resistance level, you can enter a trade in the direction of the rejection.

For example, if the pinbar that has formed has a long lower wick at support, then chances are the price will move back up so you should open a UP trade for 1 minute.

Conversely, you should open a down trade if, at the resistance, you see a pinbar with a long upper wick closing under the resistance level.

This minute trading strategy can be used on any time frame from 1 minute up to daily charts. It works best on currency pairs that are known to be volatile, such as EUR/USD and GBP/JPY.

To increase your chances of success with this 1 minute strategy, go ahead and add oscillators like the RSI and Momentum to confirm reversals and momentum in the market.

How to make a profit in Quotex with a $100 deposit

Here are some tips to help you make a profit with a $100 account in Quotex.

1. Use Limit Orders to Buy Low and Sell High.

Pending orders or limit orders are orders to buy or sell an asset at a specified price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher.

The reason why using a pending order to trade in Quotex is better than just placing random trades is, that the pending order will open your trade at an area of value.

Opening every trade at an area of value is in itself a strategy to help you grow your $100 account even as you try to conserve your capital.

2. Use Quotex Trading Signals Sparingly

Trading signals are a great resource for traders, but they should be used sparingly. Overuse of trading signals can lead to over-trading, which is one of the most common mistakes made by new traders.

If you are using trading signals, make sure that you are only taking a few trades per day, per week or per month. And, make sure that you are only taking trades that meet your risk tolerance and investment goals.

3. Don’t Be Afraid to Take a Loss

Funny that this section talks about making profits on Quotex and I have brough this up here. Trading goes two ways, you can profit and you can lose money.

It is important to remember that losses are a part of trading. You cannot be a successful trader if you are afraid to take losses.

If you have a losing trade, accept it and move on. Trying to hold on to a losing trade will only cause you to lose more money.

The sooner you accept that you have lost in one trade the faster you can recover and start focusing on growing your $100.

4. Have a Plan

Not having a plan for trading is like planning to lose money. Ever heard about that quotex?

Before you place any trade, you should have a plan. Your plan should include your entry points, as well as the number of trades you wish to open in a day. Of cousing keeping in mind that you only have $100 and as a rule of thumb, you should only trade with up to 5% of your balance per trade.

Having a plan will help you to stay disciplined and focused when trading.

If you follow this guide then profiting from your $100 in Quotex should not be an issue.

Conclusion

In this article, we have looked at a few different ways that you can make money with Quotex. We have also looked at how to trade digital options on the platform and how to use a 1 minute strategy to make money.

If you follow the tips in this article, you should be able to make a profit with Quotex. Also, don’t forget to comment if you need more posts like this.

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