Quotex is quickly becoming one of the most popular platforms for binary options trading. If you’re new to this world and wondering how to make money on Quotex, you’re in the right place. In this guide, we’ll cover practical tips that can help new traders get started on the right foot and avoid costly beginner mistakes.
1. Understand the Basics of Quotex Trading
Before investing real money, it’s essential to understand how Quotex works. Quotex is a binary options platform where you predict whether an asset’s price will go up or down within a certain time frame. If your prediction is correct, you earn a fixed profit — typically between 70% to 95%. If you’re wrong, you lose your investment for that trade.
🔍 Tip: Use the demo account first. Quotex offers a free demo with $10,000 virtual funds so you can practice risk-free.
2. Choose the Right Assets
Quotex offers various assets like currencies (forex), cryptocurrencies, stocks, and commodities. As a beginner, it’s better to start with assets you’re somewhat familiar with or ones that are less volatile, like major forex pairs (EUR/USD, GBP/USD).
💡 Pro Tip: Stick to just 1–2 assets in the beginning. This allows you to learn their price patterns and behavior.
3. Master One Strategy at a Time
There’s no magic formula for winning trades, but having a solid strategy is key. Beginners often make the mistake of jumping from one strategy to another. Instead, pick one simple strategy — like the Trend Following Strategy or Support & Resistance — and stick with it until you understand it deeply.
✅ Example: If the market is trending up, wait for small pullbacks and place “Call” options when the trend resumes.
4. Use Indicators Wisely
Quotex offers several built-in technical indicators such as RSI, MACD, Moving Averages, and Bollinger Bands. While they can help identify trends and entry points, don’t rely on them alone. Use indicators to confirm what you already see in price movements.
⚠️ Warning: More indicators don’t mean more accuracy. Too many can confuse you rather than help.
5. Manage Your Risk
One of the most important rules in trading is never risk more than you can afford to lose. As a beginner, start with small amounts — 1% to 3% of your account per trade. This helps you stay in the game even if you hit a losing streak.
🔐 Money Management Tip: If your demo strategy works well over 50–100 trades, then try it with small real money amounts.
6. Control Your Emotions
Many traders lose money not because of bad strategies, but because of bad decisions made under emotional stress. Avoid chasing losses, overtrading, or increasing trade size out of frustration or greed.
🧠 Discipline is key: Stick to your trading plan. Set daily profit and loss limits, and walk away once they’re hi
7. Keep Learning and Adapting
The financial market is always changing. Take time to study successful traders, join online communities, and read market news. More importantly, analyze your own trades to see what works and what doesn’t.
📓 Keep a trading journal: Log every trade, including your reasoning and outcome. This helps you spot patterns in your decision-making.
Final Thoughts
Making money with Quotex broker is possible — but it’s not guaranteed, and it definitely doesn’t happen overnight. With patience, the right mindset, and disciplined risk management, new traders can increase their chances of success.
Start with a demo, follow a simple strategy, control your emotions, and never stop learning. Quotex can be a great place to begin your trading journey — if you treat it like a business, not a gamble.
