When you first start trading on Quotex, the platform may look a bit overwhelming — especially the charts. But don’t worry. With just a little explanation, you’ll understand how to read and use these charts to make smarter trading decisions.
In this guide, we’ll break down the basics of reading Quotex charts so you can confidently start trading — even if you’re a complete beginner.
1. What Are Quotex Charts?
Charts on Quotex login platform show the price movement of a selected asset (like EUR/USD, Bitcoin, Gold, etc.) over time. This helps traders analyze patterns and predict where the price might go next — up or down.
Quotex offers line charts and candlestick charts. Most traders use candlestick charts because they provide more detailed information.
2. Understanding Candlestick Charts
Each “candlestick” on the chart represents a unit of time — for example, 1 minute or 5 minutes — depending on your selected timeframe.
Here’s what each candlestick tells you:
- The Opening Price (where the price started)
- The Closing Price (where the price ended)
- The Highest Price during that time
- The Lowest Price during that time
Color Meaning:
- Green Candle: Price went up during the time period.
- Red Candle: Price went down during the time period.
By looking at the shape and color of the candles, you can get clues about market direction.
3. How to Set Timeframe on Quotex
In the chart toolbar, you can select the timeframe of each candle — such as 5s (seconds), 1m (minute), or more.
Example:
- If you select “1m,” then each candle shows 1 minute of price action.
- Use short timeframes (like 5s or 15s) for fast, short trades.
- Use longer timeframes (like 1m or 5m) for clearer patterns.
4. Zoom In or Out
You can zoom in to see more detail or zoom out to see the bigger trend.
- Zoom in to analyze small price changes.
- Zoom out to spot overall market trends (uptrend, downtrend, or sideways).
5. Spotting Market Trends
Charts help you answer this key question: Is the price going up or down?
Here’s how to recognize basic trends:
- Uptrend: Price makes higher highs and higher lows (good for “Up” trades).
- Downtrend: Price makes lower highs and lower lows (good for “Down” trades).
- Sideways: Price moves within a narrow range (be careful — it’s unpredictable).
Knowing the trend direction helps you trade in the right direction, increasing your win chances.
6. Using Indicators on Quotex Charts
Quotex allows you to add technical indicators to help read the chart better. Here are 3 beginner-friendly ones:
a. Moving Average (MA)
- Shows the average price over time.
- Smooths out price movement.
- If the price is above the MA, it may be in an uptrend.
b. Relative Strength Index (RSI)
- Shows if an asset is overbought (above 70) or oversold (below 30).
- Useful for timing reversals.
c. Bollinger Bands
- Show price volatility.
- When price touches the upper band, it may drop soon.
- When it touches the lower band, it may rise.
To add these, click the “Indicators” button on the top of the chart.
7. Don’t Rely on Just One Candle
One candlestick doesn’t tell the whole story. Always look at the pattern — a series of candles — to understand what’s happening.
Example patterns:
- Bullish Engulfing: Suggests an upward move.
- Bearish Engulfing: Suggests a downward move.
- Doji: Suggests indecision (don’t trade here).
8. Practice on the Demo Account
The best way to learn is to practice. Quotex offers a free demo account with $10,000 virtual funds. Use it to:
- Try different timeframes
- Test indicators
- Watch how candles form and move
This way, you gain confidence without risking real money.
9. Common Beginner Mistakes to Avoid
- ❌ Relying on random guesses instead of reading charts
- ❌ Trading against the trend
- ❌ Ignoring timeframes or using inconsistent ones
- ❌ Using too many indicators at once
- ❌ Making trades based on emotion, not analysis
Conclusion
Learning how to read charts is one of the most important skills in trading — and Quotex makes it simple for beginners. By understanding candlesticks, identifying trends, and practicing with indicators, you can make smarter and more confident trading decisions.
Remember: Charts tell a story — and you’re learning to read it.
Take your time, practice in demo mode, and build your strategy step by step.
Ready to explore real charts? Start learning now at Qxbroker
