Quotex
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Strategies for trading on Quotex


Trading Binary Options – is serious trading, requiring an understanding of the market, conducting technical analysis and developing an effective trading strategy. Many beginners start trading binary options on the principle of playing roulette, but such tactics invariably lead to the loss of the deposit and serious losses. Let’s consider what strategies are allowed at the broker Quotex (go online), and what tactics experienced traders use here.

Strategies for Quotex broker

Traders who actively trade at BO broker Quotex claims to be able to use dozens of strategies on its platform, because the broker offers effective analysis tools and built-in signals to develop trading tactics of any complexity. The Quotex broker has an opportunity to trade short-term options, which is what professional traders use. For such trading they use two main strategies.

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Trading by price impulses

This strategy is designed for short-term options. Currency pairs are used as an asset. The timeframe is set to 1-3 minutes. Expiration is set equal to the timeframe. Trading is done on a candlestick chart. The trader must catch the price impulse by tracking the number and length of candles of the same color. The longer the length, the better. The opening of the contract takes place in the opposite direction of the price impulse. Experienced traders claim that the most favorable entry point is through three candles with long bodies.

In the case of a losing contract it is recommended to use Martingale strategy for the next 6 trades. In this case, starting from the 4th trade, it is necessary to set an increased expiry. The tactic is used in the daytime, when the market is most active.

Trading inside the price channel

The price channel is built using the Bollinger Bands indicator. Trading is most effective in the evening and morning hours of the trading day. The contract opens on a timeframe of 1 minute with an expiration of 2-3 minutes. For the construction of the price channel on the chart, values 25 and 3 are set in the indicator. The tactic is used for trading currency pairs.

In case of losing contract it is also recommended to use Martingale strategy for the next 6 contracts. To minimize the risks traders are recommended to set the transaction amount up to 10 USD and precisely follow the risk management, not betting on one contract over the set limit.

These and other strategies, such as “Channel Trend”, “Storm” or “Quick Start”, for trading on Quotex are suitable for both professional and beginner traders. Before real trading it is recommended to try each trading tactic on demo account. It will allow analyzing profitability of the tactics and adjusting it to your own needs.

Forbidden methods of trading at Quotex

Officially, there are no banned strategies on the broker’s website. Despite this, the service administration reserves the right to cancel any contract that, in their opinion, violates the law and the terms of the user agreement. The site prohibits any bots and algorithms that make transactions without the personal participation of the trader. You are also not allowed to conduct transactions for third parties or in collusion with other traders. If these rules are violated, the user’s account will be blocked without a refund from the account. Also read on our website: how to register with Quotex broker, what signals are available on the platform, how to pass personal verification and who needs it, how to withdraw funds and how you can earn from the broker’s affiliate program.

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