- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
Share this
If you are looking for a way to make money online quickly and easily, you might want to try binary options trading. And what is binary options trading you ask?
Binary options are a type of financial instrument that allows you to predict whether the price of an asset will go up or down in a given time frame.
Anyone can trade binary options on various assets, such as currencies, commodities, stocks, indices, and cryptocurrencies.
But how do you choose the best binary options trading platform among thousands that are already online? How do you know which one is reliable, secure, and profitable? How do you avoid losing money while maximizing your profits with binary options?
The answer is Quotex.
Quotex is a new and innovative binary options trading platform that offers a unique and powerful trading experience to its users. Quotex is different from other binary options brokers because it has:
- A user-friendly and intuitive interface that allows you to trade on any device, whether it is a PC, a smartphone, or a tablet.
- A fast and easy registration process that does not require any verification or personal information.
- Low minimum deposit of $10 and a low minimum trade amount of $1.
- A variety of payment methods, including credit cards, e-wallets, cryptocurrencies, and bank transfers.
- High payout rate of up to 98% on successful trades.
- A free demo account with $10,000 virtual funds that you can use to practice and test your strategies.
- A wide range of assets to trade on, including popular currency pairs, commodities, stocks, indices, and cryptocurrencies.
Plus, it has tens of technical analysis tools that you can use to come up with trading strategies. Strategies that might end up having a 100% winning rate (no-loss trading strategies).
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
But for traders who still don’t get it, what is this no-loss trading strategy? How does it work? And how can you use it to make money on Quotex?
In this guide, we will explain everything you need to know about the Quotex no-loss strategy.
We will show you how to trade in Quotex, how to stop loss on Quotex, what is the best strategy for Quotex for beginners, and where to get Quotex signals with high accuracy.
We will also answer some of the most frequently asked questions about Quotex, such as:
- Is Quotex a regulated broker?
- Is Quotex safe?
- How to add money in Quotex?
- What is the minimum withdrawal in Quotex?
- How to withdraw from Quotex to Binance?
- And more.
By the end of this guide, you will have all the information and tools you need to start making money online trading Quotex. So let’s get started! Shall we?
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
How to Trade in Quotex (For Beginners)
To trade in Quotex, you need to follow these simple steps:
- Create an account on Quotex by visiting their website or downloading the Quotex app
- Choose a payment method and make a deposit of at least $10. You can use the bonus code KennOmollo to get a 50% bonus on your first deposit.
- Select an asset that you want to trade on from the list of available assets. You can filter the assets by category, popularity, or payout rate.
- Choose a time frame for your trade. You can select from 1 minute to 4 hours. The shorter the time frame, the higher the risk and reward.
- Analyze the charts to choose a direction for your trade. You can either predict that the price of the asset will go up (call) or down (put) by the end of the time frame.
- Enter the amount that you want to invest in your trade. The minimum trade amount is $1 and the maximum is $1000. You will see the potential payout and profit for your trade on the screen.
- Confirm your trade by clicking on the green (call) or red (put) button. You will see a countdown timer and a live chart showing the price movement of the asset.
- Wait for the outcome of your trade. If your prediction is correct, you will receive the payout and profit in your account balance. If your prediction is wrong, you will lose your investment amount.
That’s it! You have just made your first trade in Quotex. But as you continue trading, you might notice that losses are almost the same as wins. Or vice versa depending on your strategy.
Until you get a no-loss trading strategy, here’s how to reduce your risk of losing in Quotex.
How to Stop Loss on Quotex
Quotex has a unique and innovative feature that allows you to mitigate your losses while trading. While this feature allows you to save some of your investment in a losing trade, it is by no means a no-loss trading strategy.
And what is this unique feature you ask?
This is a special SELL option that you can tap to protect some of your invested amounts or to cash out early before a trade closes.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
How it works.
- Open a trade in Quotex
- Let your trade run for some time while you monitor it
- If there is a chance of an outright win, let it be.
- If you suspect that the market will change and you will lose, tap on your running trade on the chart to see if there is a possibility to sell the trade.
- In case this option is active then Quotex will show you the amount you will receive for that trade.
- Tap on that amount and your trade will be closed either with partial losses or profits
If you feel limited by this tool then you might want to try the strategy listed below.
What is the best strategy for Quotex for beginners?
Before we answer that, let’s first answer this question. What is a trading strategy?
A trading strategy is a set of rules and guidelines that help you to analyze the market, identify trading opportunities, and execute trades.
There are many different types of trading strategies that you can use for binary options, such as trend-following strategies, reversal strategies, breakout strategies, scalping strategies, martingale strategies, and more.
However, not all of them are suitable for beginners. Some of them are too complex, too risky, or too inconsistent which leaves us with one strategy for beginners in Quotex. The price action strategy.
What is Price Action?
The price action strategy is a simple and effective way to trade binary options based on the movements and patterns of the price itself.
You don’t need to use any indicators, signals, or complex calculations. All you need to do is observe the price chart and look for certain patterns that indicate the direction and strength of the price.
The price action strategy is based on the assumption that the price reflects all the information and emotions of the market participants.
Therefore, by studying the price, you can understand the market sentiment and anticipate future price movements.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
Understanding Price Action.
The price action strategy consists of three main elements:
- Support and resistance levels: These are horizontal lines that indicate where the price tends to bounce or reverse.
Support levels are where the price finds buyers and resistance levels are where the price finds sellers. You can use these levels to identify entry and exit points for your trades.
- Trend lines: These are diagonal lines that connect higher highs or lower lows of the price.
Trend lines show the direction and strength of the trend. You can use these lines to trade with the trend or against it.
- Candlestick patterns: These are shapes formed by the opening, closing, high, and low prices of each candlestick. Candlestick patterns reveal the psychology and behavior of the traders.
Traders can use these patterns to confirm or reject trading signals.
To use the price action strategy on Quotex, you need to follow these simple steps:
- Choose an asset that you want to trade on from the list of available assets. You can filter the assets by category, popularity, or payout rate.
- Choose a time frame for your trade. You can select from 1 minute to 4 hours. The shorter the time frame, the higher the risk and reward.
- Draw support and resistance levels on your chart using horizontal lines. You can use previous highs and lows as reference points.
- Draw trend lines on your chart using diagonal lines. You can use two or more consecutive highs or lows as reference points.
- Look for candlestick patterns on your chart that indicate a potential reversal or continuation of the trend. You can use [this guide] to learn about different candlestick patterns and their meanings.
- Confirm your trade by clicking on the green (call) or red (put) button. You will see a countdown timer and a live chart showing the price movement of the asset.
- Wait for the outcome of your trade. If your prediction is correct, you will receive the payout and profit in your account balance. If your prediction is wrong, you should click on the sell option on the chart to close your trade early.
That’s it! You have just used the price action strategy on Quotex. If you’re still not sure if to use this strategy or to try an even easier way of trading without losing, then I suggest you continue reading.
What you need might be a recommendation for the best places to find accurate trading signals.
Share this
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal