With the rising popularity of online trading platforms like Quotex, many new traders are asking a simple question: Can I actually make money here? The short answer is yes — it’s possible. But the long answer is more important: It takes knowledge, patience, and the right mindset.
In this article, we’ll explore what it really takes to make money on Quotex as a beginner, what realistic expectations look like, and how you can increase your chances of success.
Understanding the Basics: What Is Quotex?
Quotex is a digital trading platform focused on binary options. You choose an asset (like EUR/USD, gold, or Bitcoin), select a time frame, and predict whether the price will go up or down. If your prediction is correct, you receive a fixed payout — often between 70% to 95% of your trade amount. If you’re wrong, you lose the amount invested.
This “all-or-nothing” model is simple to understand, making it attractive for beginners. But simplicity doesn’t mean guaranteed profits.
Yes, You Can Make Money — But…
Many traders do earn money on Quotex. Some turn a small deposit into a larger balance. However, there are also many who lose money due to poor preparation or emotional trading.
Here’s the truth: It’s possible to make money, but it’s not easy. You must treat trading like a skill, not a shortcut to riches.
What Do New Traders Often Get Wrong?
Beginner traders often lose money early because they:
- Trade based on emotion, not analysis
- Invest large amounts without understanding risk
- Don’t practice in the demo account
- Jump from one strategy to another without focus
- Expect to get rich overnight
Avoiding these common traps already puts you ahead of many new traders.
The Key Ingredients to Earning Money on Quotex
To increase your chances of success as a beginner, focus on building strong habits early. Here are the foundations:
- Start with the Demo Account
Quotex offers a free demo account with virtual funds. Use this to learn how the platform works, test your strategies, and build your confidence — all without risking real money.
- Learn Basic Strategies
You don’t need advanced technical knowledge to start. Simple strategies like trend following, support and resistance, or candlestick patterns are enough for beginners.
- Practice Risk Management
Never risk your entire balance on a single trade. A good rule is to risk no more than 1%–5% of your capital per trade. This way, one bad trade won’t destroy your entire account.
- Stay Emotionally Disciplined
Avoid trading when you’re tired, angry, or desperate. Emotional decisions often lead to losses. Take breaks, set limits, and stay calm.
- Keep Learning
Success in trading requires constant learning. Read trading books, follow educational videos, and study your past trades. Each session should teach you something.
How Much Money Can a Beginner Expect to Make?
The reality is that consistent small profits are more realistic than large, fast gains. For example:
- With $10 per trade and a 70% payout, one correct prediction earns you $7 profit.
- If you make 10 trades a day and win 6 of them, that’s around $20–$30 per day.
It’s not about striking gold — it’s about building a sustainable income stream over time.
Your first goal should be to avoid losing money. Once you’re stable, you can focus on growing your profits.
Realistic Mindset = Long-Term Success
Trading is not gambling. It’s not about guessing — it’s about making informed decisions based on patterns, data, and discipline.
Here’s what to keep in mind:
- You will have losing trades. That’s normal.
- You don’t need to win every trade to be profitable.
- Consistency and risk control matter more than high win rates.
- Success takes time. Don’t rush the process.
The sooner you accept that trading is a long-term skill, the faster you’ll progress.
Final Tips for New Traders on Quotex
- Start small: Trade with low amounts until your strategy proves consistent
- Journal your trades: Record your reasons for entering and the outcome
- Stick to one or two strategies: Master them before trying others
- Withdraw profits regularly: Don’t let all your money sit in the platform
- Avoid overtrading: Fewer, higher-quality trades are better than many random ones
Conclusion
Yes — you can make money on Quotex as a beginner. But it’s not luck or guesswork. It’s about preparation, discipline, and learning from every trade.
Start with the demo account, develop a simple strategy, manage your risks carefully, and avoid emotional decisions. Treat it like a skill, not a game — and you’ll be far ahead of most new traders.
Success won’t happen overnight, but with the right mindset, it can definitely happen over time.