If you want to succeed on a trading platform like Quotex, it is essential to focus on patience, knowledge and disciplined planning rather than shortcuts or "sure shot" methods. Trading is a game of psychology. You have to be skilled and strategic to survive here. It is not possible to make profits overnight. Many people think that using some secret formula or indicator will make you profit overnight. But in reality, trading is a skill that is developed through time and experience. So instead of looking for shortcuts in trading, develop yourself skillfully. This is what will help you to have a long career in trading.
You cannot move forward without basic knowledge
Before starting trading, you must first understand how the Quotex platform works. You must have a clear idea about the assets (gold, currencies, shares), expiration time (1 minute to 1 hour), and trade types (high/low, touch/no touch) on Quotex. Practice on a demo account for at least 1-2 weeks. This will give you a sense of the real market situation without risk.
Tips:
Technical Analysis: Make the Chart Your Ally
Trading is incomplete without technical analysis. Identify entry and exit positions on Quotex charts using candlestick patterns, support-resistance levels, and indicators (such as RSI, MACD, and Bollinger Bands).
Important Indicators
1. RSI (Relative Strength Index): Above 70 is overbought (sell signal), and below 30 is oversold (buy signal).
2. MACD: When the histogram changes from red to green, it indicates a bullish trend.3. Support-Resistance: Where the price repeatedly stops is the key to understanding market sentiment.
Caution: Using more than 3 indicators at once can increase confusion. Master 1-2.
Fundamental Analysis: Don't underestimate the news
Events such as a country's interest rates, GDP data, or geopolitical tensions have a big impact on the currency, oil, or stock markets. Even if you trade short-term on Quotex, it is important to know the timing of major news.
Example
1. Be careful when trading the USD pair when the US employment report (NFP) is released.
Risk Management: The Key to Survival
The biggest mistake in trading is not controlling risk. You should not risk more than 1-2% of your capital per trade on Quotex. That is, if you have $100 in your account, invest a maximum of $1-2 per trade.
The most effective method
1. Stop-loss and take-profit: Set a target when opening a trade.
"Sure Shot" method: Reality vs. Myth
Many people sell "100% successful strategies" on YouTube or Telegram. But no method is 100% guaranteed. Rather, a robust system can be built by combining several proven strategies.
Tested Strategy Examples
1. Pinbar Candle + RSI: Buy when the pin bar candle is at the support level and the RSI is oversold.Warning: If someone charges a monthly fee for the signal group, there is a high chance of scams. Each trading account has two referral links. They get money from that link when you open an account. There is one referral link, through which you open an account, if you lose a trade, they get up to 70% profit. If you open an account with the help of another, they get a 25% profit if you win a trade.
Emotion Control: The Key to a Successful Trader
Anger when you lose, overconfidence when you win—these are the enemies of trading. Follow these tips to avoid emotional trading on Quotex:
1. Limit your trading to 3-5 trades per day.
2. Keep a trading journal: Write down the reasons, results, and mistakes of your daily trades.
3. Practice meditation or breathing exercises before you start trading. Don't trade continuously! Retake a break and trade.
Respect the market trend
"The trend is your friend"—this saying is also true for Quotex. If the market is in a strong uptrend, just take the BUY option. Counter-trend trading is for experienced traders, but it is better to avoid for beginners.
How to identify the trend
1. 50-200 EMA crossover (if the 50 EMA crosses above the 200 EMA, it is a bullish trend).
2. Higher highs and higher lows = uptrend.Stay educated and updated
Successful traders never stop learning. Learn new strategies from blogs, webinars, or e-books. You can also use Quotex's education section.
Free resources1. BabyPips (Forex basics).
2. TradingView (free charts and ideas).
Join the community
Listen to other traders' experiences in online forums (Reddit, Quora) or Facebook groups. But don't blindly follow anyone—find a professional mentor.
Set realistic goals
A goal of 50-100% profit per month is unrealistic. Instead, consider a stable return of 10-20% per month as success. Slow account growth is the sustainable path.