What are Quotex Trading Tournaments?
Quotex trading tournaments are competitions among traders to find out who attains the highest returns over a given period of time.
These competitions are organized by the broker, Quotex.io
Quotex contests may involve either fixed time or Forex trading.
Such contests may also involve the use of live or demo accounts or even special accounts created for the competition
It will depend on the tournament or contest instructions which must be followed strictly.
And true to some brokers’ word, traders win these contests.
Begging the question, which hacks do they employ to win?
In today’s post, I will show you everything that you need to do to hack and win this week’s Quotex trading tournaments.
Here we go:
Follow all Quotex Trading Challenge Instructions.
You must play by the rules before you can think of winning any Quotex trading contest.
Rules regarding what time a contest begins and ends, what kind of account trades must be placed, the number of trades to be placed, and so on.
What if you flout any of the rules regarding a particular tournament?
Then it’s so unfortunate that even if you are so convinced that you attained the highest possible return during the span of the contest, you cannot be declared the winner.
Quotex tournament rules are very key.
Failure to follow them leads to disqualification and while you might have been the winner, your participation no longer counts.
Forget About Being a Consistently Profitable Trader.
I know your eyebrows are high because we have always insisted on being a consistently profitable trader from the word go.
But hey, this is not a lifetime of trading we are talking about here.
This is a trading contest!
A trading contest does not care whether you show the potential of being consistently profitable or not.
What a trading contest wants from you is, by the end of the day be the trader who grew their account by the largest margin.
Do you get me now?
You must separate these two realities here.
One reality of day-to-day trading is, you must ensure you are profitable, not instantly but consistently.
Then another reality of a trading contest is to trade within the specified duration and to make tons of money to be branded the winner.
Hack number two to win Quotex tournament – switch from consistently profitable trader mode to an instantly profitable trader mode!
Risk Much of Your Trading Account.
- You must always use a risk-to-reward ratio of at least 1:2.
- You must never expose more than 5% of your trading account in a single trade.
- Always use proper money and risk management.
Yes, I know we have always told you these things.
But this is a contest!
It’s not a forum to see which trader knows how best to manage their trading account!
Quotex wants to see you grow your tournament account within the shortest time possible.
Find a way to do this and it won’t matter which method you used. You will win the tournament.
Tip to grow your tournament account fast.
One of the ways to quickly grow your account is risking so much.
The higher your risk, the greater the potential returns.
Whether it is a real or demo account contest, just make sure you expose much of your account to the market.
It is the only possible way you can grow your account fast and probably grab the contest winner accolade and the award that comes with it.
Hack number three to win any Quotex tournament – expose much of your trading account to risk!
Have a High Win Rate.
By now you must already see the intentions of a Quotex trading tournament.
To see who earns the highest returns within the specified duration of the contest and award them.
So what has a high winning rate got to do with winning a tournament in Quotex?
Think about this,
Doesn’t a high win rate mean that you are going to bag more profits? Yes.
And that’s because if you win almost every trade and risk so much per trade, your account will see huge exponential growth.
If that happens, your account will grow fast and you can become the next Quotex tournament winner without putting in so much effort.
Hack number four to win any trading tournament – up your win rate game!
Go all in Towards the End.
We talked about risking much of your account as the contest proceeds to increase your chances of winning.
That would grow your trading account so fast and tremendously so that the odds are most likely on your side.
But we didn’t talk about risking almost all of your account in a frantic search for victory, did we?
Now, you must be thinking that I have mental issues or something because this is something I have never told you to do in the past.
But hey, remember what this is?
This is a trading contest, not a gauge for who knows how to manage accounts and who doesn’t.
So stake everything at the end and hope you beat your way to the top or at least get a spot for runners up or third place.
Hack number five to win a Quotex Trading Tournament – risk almost all of your account towards the end of the contest!
Good luck on your next contest.
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