Quotex Official Channel

Let's start our trading weekend with a 70% deposit bonus! ⠀ 🔔Deposit $100 or more using promo code “HOTJUNE2024" and get a 70% bonus on the amount deposited. ⠀ Hurry up, the number of promo code activations is limited!

Using Moving Average in Binary Options Trading Moving Average (MA) can significantly enhance strategy effectiveness, especially in trending markets. Here's how it works: 🔴 Identifying the Current Trend Uptrend: Price is above the MA. Downtrend: Price is below the MA. Buy or Sell Signals: Price crossing the MA. 🟡 Simple and Effective MA Crossovers Short period (e.g., 10) and long period (e.g., 50): Buy Signal (UP): Short-term MA crosses above the long-term MA from below. Sell Signal (Down): Short-term MA crosses below the long-term MA from above. 🔵 Dynamic Support and Resistance Levels MA can act as support and resistance levels: Buy (Up): Price bounces up from the MA. Sell (Down): Price bounces down from the MA. 💡 Use MA in combination with other indicators to minimize risks and increase the probability of successful trades.

Announcing our new winner! 🏆 Mohammed D. from India became Trader of the week on the Quotex platform, earning $30,055. Congratulations to Mohammed D. on excellent results and wish everyone successful trading! ✨

Welcome the best Trader! Reem A. from Saudi Arabia became Trader of the week on Quotex platform, he earned $51 454 🏆 ⭐️ Congratulations to Reem A. on excellent results and wish everyone successful trading!

On Wednesday, June 19, on the occasion of Juneteenth National Independence Day in the U.S, stock exchanges will be closed, and participants in the financial and commodity markets are resting. 🔔 The trading schedule has been changed, all quotes during the day — OTC.

Five basic indicators that are really worth getting to know: 🔴 Moving Average (MA) Shows the market's general direction and levels of support and resistance. ✔️Helps understand the bigger picture and identify potential turning points. 🟠 Relative Strength Index (RSI) Indicates whether the market is overbought or oversold. ✔️RSI above 70 indicates overbought conditions; below 30 indicates oversold conditions. 🟡 Moving Average Convergence Divergence (MACD) Measures the strength of market trends and identifies potential turning points. ✔️Useful for spotting opportunities and managing risk. 🟢 Bollinger Bands Shows price volatility and potential for breakouts. ✔️When the price breaks the upper or lower band, it indicates a potential market change. 🔵 Average Directional Index (ADX) Measures the strength of a trend, independent of its direction. ✔️High ADX values (above 25) indicate a strong trend; low values (below 20) suggest no clear trend. Stick with us to find out more!✨

Time to extend congratulations to our Trader of the week: 🏆Manohar V. from India became Trader of the week on Quotex platform, he earned $24 521! Congratulations to Manohar V. on excellent results and wish everyone successful trading!✨

A new champion on the platform! Bilal S. from Turkey became Trader of the week on Quotex platform, he earned $27 234 🚀 Congratulations to Bilal S. on excellent results and wish everyone successful trading!🌟

The "Bearish Engulfing" in trading: How to identify a trend reversal? The Bearish Engulfing is a powerful candlestick formation in technical analysis that signals a potential reversal in an uptrend. 📉 Candlestick formation: The pattern consists of two candles. The 1st candle is bullish, and the 2nd is bearish, with the body of the bearish candle completely engulfing the body of the bullish candle. ✴️ Engulfing body: The 2nd candle opens higher than the close of the 1st candle and closes lower than the open of the 1st candle, fully covering the body of the 1st candle. This indicates a strong shift in sentiment from bullish to bearish. 📍 Opening and closing: The 2nd candle opens above the 1st candle's close and closes below the 1st candle's open. This sharp reversal in price action signals a potential trend reversal. 💡 When this pattern is detected, it is recommended to refrain from buying "Up" options. Additional indicators will help to confirm the signal.

Who was the best this week? 🏆 Tamima Y. from Bangladesh became Trader of the week on Quotex platform, he earned $43 975! Congratulations to Tamima Y. on excellent results and wish everyone successful trading!✨