Quotex Trader Turns $1 to $5,000 in Under 24 Hours Live on YouTube.

Quotex is a new, revolutionary trading platform that has been making waves in the financial world. But is it all it’s cracked up to be? Can traders make money on the platform? We decided to find out by reviewing videos of some of their most reputable traders (s).

And what we found was quite interesting.

Out of the five their success stories we reviewed, only one trader was consistently making money on the platform. The other four were either breaking even or losing money.

So what does this tell us?

Well, firstly (1), Quotex is not a get-rich-quick scheme.

You won’t make money overnight, or even within a few weeks of trading.

It takes time, effort, and dedication to learn the Quotex platform and to find success as a trader on the platform.

2). Secondly, it tells us that Quotex is a viable platform for making money.

With the right knowledge and approach, Quotex can be a great way to generate income.

If you’re thinking about trying your hand at Quotex trading, we suggest you do your research and take your time to learn the platform inside and out. With a little bit of effort, you could be Quotex’s next success story!

Here’s a Quotex trader to draw inspiration from if you are all new to trading. He’s one of the 5 traders we looked at their accounts and trading methods for this article.

Spoilers. He turned $1 to Over $5,000 in Under 24 Hours. YouTube Video Shows Every Trade.

You can watch the video below.

QUOTEX DEMO ACCOUNT - REGISTER.

The trader’s name is Christian AP and he’s been trading Quotex for about two years now.

At the beginning of the video, he is seen making a withdrawal of $2,300.55 only leaving $1 in his trading account.

It is also worth mentioning that before this, Christian had withdrawn over $21,000 from this account.

1). The First Trade, GBP/AUD Pair, ROR 84%.

Christian starts by placing a down trade on the GBP/AUD pair with a rate of return of 84%.

If he wins, he gets $0.84 on top of his $1. And that’s the beauty of trading digital options. Returns are almost the same as the trade amount.

After 2 minutes Christin’s trade turns in profits and his new balance is $1.84.

2). Next Trade, AUD/CAD pair, ROR 80%.

Since Quotex does not allow traders to trade with anything below $1 and it also doesn’t allow cent trading, Christian can not go all-in on the next trade.

So what does he do?

He places another $1 trade on the AUD/CAD pair.

The rate of return is at 80% which means that if he wins, he will make an extra $0.8.

There is a strong downward momentum on this pair but after two mins the price turns back up and he wins. His new account balance is $2.64.

3). AUD/CHF, ROR 78%, Trade Amount $2.

The second win makes it possible for Christian to now start compounding.

From his $2.64 balance, he decides to stake $2 on the next trade.

If he wins, he will make an additional $1.56. Plus the $0.64 that’s left in his account, his new account balance will be $4.2.

He wins. And this is now where it starts to get interesting.

4). New Trade, $4 – Pair, AUD/CHF – ROR 78%.

So far Christian has won all the three trades he has placed. If he wins the 4th one, his new balance will be $7.32.

And he wins.

5). He Trades UP on The GBP/USD pair.

The new ROR for GBP/USD is 80% which means that his new balance will be $13.06 if he wins.

By this point, you can already guess what happens. He wins and just like that, his new account balance is $13.06. How easy? Hehe…

The Trading Strategy.

Though Christian does not explain his trading strategy in this video?

His signals are pulled from the Bollinger bands indicator and he uses the Stochastic as a tool for signal confirmation.

a). Bollinger Bands. What is it?

Bollinger Bands is a technical analysis tool that was developed by John Bollinger in the 1980s.

The bands consist of a moving average (MA) and two outer bands. The MA can be either simple or exponential.

The space between the moving average line and each outer band defines the volatility of prices.

For example, if there is an expansion of the two outer bands as shown in the image below, it means that prices are volatile.

On the other hand, if the two outer bands contract towards the moving average line, it means that prices are consolidating.

How to Trade Bollinger Squeeze (Breakouts).

Bollinger Bands can be used to trade both breakouts and reversals.

In the context of Quotex, we are only interested in trading breakouts.

A breakout is a move outside of the band. This move can either be upward or downward.

When prices break out, it signals that there is a chance of continuation in the same direction. UP or DOWN.

This strategy is also known as the Bollinger squeeze. If you can catch a squeeze at the right time, you can make money from trading the Bollinger continuation.

On the other hand, trade reversals if you notice imminent Bollinger bounce.

Bollinger bounce, what is it? Trend Reversal Trading.

As mentioned earlier, Bollinger Bands can also be used to trade trend reversals.

A reversal is a move in the opposite direction of the previous price action.

This strategy is based on the basic principle that prices in Bollinger bands will always go back to the middle of the bands.

By looking at how prices interact with either the upper or the lower bands, you can easily tell what move the market will make next.

These bounces occur mainly because the outer bands of the indicator work as support and resistance levels.

As such, if the market is ranging, you can use Bollinger bounce to make money trading reversals.

b). Stochastic Indicator. What is it?

The Stochastic indicator is a momentum oscillator that was developed by George Lane in the 1950s.

The indicator consists of two lines; %K and %D line.

The %K line is the mainline while the %D line is a signal line.

The indicator is used to identify overbought and oversold conditions in the market.

It is also used as a tool to confirm trend reversals.

How Does It Work?

The Stochastic indicator works by comparing the current closing price of an asset with its high-low range over a given period.

You can learn how Stochastic is calculated here.

How to Use the Stochastic Indicator?

The Stochastic indicator can be used as a standalone trading tool.

However, most traders use it as a confirmation tool in conjunction with other indicators like Bollinger Bands and RSI.

When used together with Bollinger Bands, the Stochastic indicator can help you confirm breakouts and reversals.

Using Stochastic Overbought And Oversold Levels to Trade Reversals.

As mentioned earlier, the indicator has overbought and oversold levels.

These levels are usually set at 80% and 20% respectively.

When the %K line crosses below the 20% level, it indicates that prices are oversold and a reversal might occur.

On the other hand, a move above the 80% level indicates that prices are overbought and a reversal might occur.

Using Bollinger Bands Together With The Stochastic to Get Signals in Quotex.

To trade up, wait for Bollinger bands to contract and prices to reach the lower band.

When this happens, look for a corresponding move in the Stochastic indicator.

The %K line should cross above the 20% level indicating that prices are no longer oversold and a reversal is about to occur.

Enter your trade when you get these signals.

To trade down, wait for Bollinger Bands to contract and prices to reach the upper band.

When this happens, look for a corresponding move in the Stochastic indicator.

The %K line should cross below the 80% level indicating that prices are no longer overbought and a reversal is about to occur.

Enter your trade when you get these signals.

Trade Number 6

There is a signal and confirmation on the GBP/JPY.

Christian goes all-in with $13. And he wins with a rate of return of 78%.

Can you guess how much he has at this point? $23.20

7). GBP/JPY, ROR 78%

By the look of things, he also uses candlestick chart patterns like the bullish engulfing candlestick patterns to decide the direction of his trades.

Do you know any chart pattern that you can use when trading?

Use it as a third tool to confirm the signals. The more confirmations you get, the better.

That’s however not to say that you have to wait for all the signals to trade. You can just trade with the Bollinger bands and the Stochastic and you’ll just end up fine.

He also wins on this turning his $1 account to $42 dollars in only 7 trades.

8). Next, He Trades Down on EUR/USD, ROR 85%.

Guess the results!

He wins again to reach $76.50 in the new account balance.

Conclusion.

This dude continues to go all-in with each new maximum account balance finally getting to a little over $5,000 with 30 trades in under 24 hours.

All thanks to the power of compounding.

How much do you have in your demo account? $10,000?

How about you start your own challenge. Grow your demo account to $300,000 in under 24 hours.

Or better yet, grow your Quotex live account to $3,000 from $10.

And which strategy will you use you ask? How about you use the one above. Replace Bollinger bands with Kelter Channel if you want. For all I know, they work just the same.

Happy Trading.

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Tagged With : Can you make money trading in Quotex? • Quotex success stories • Quotex Success story