Quotex Chart Basics: A Beginner-Friendly Explanation

If you’re just starting out on Quotex, the trading chart might look overwhelming at first. With moving lines, candles, and tools everywhere, it’s normal to feel confused. But don’t worry — once you understand the basic functions and visuals, everything becomes much easier.

In this article, we’ll break down how to read and use the chart on Quotex step by step. You’ll learn how to identify price trends, understand different chart types, and use tools to support smarter trading decisions.

1. What Is the Quotex Chart?

The Quotex chart is a real-time graphical representation of price movement for the asset you’re trading — such as a currency pair, cryptocurrency, or stock. The chart shows how the price changes second by second or minute by minute, depending on your settings.

It’s your main tool for market analysis, and understanding how it works is essential to making accurate predictions.

2. Choosing a Chart Type

Quotex offers a few different chart types. As a beginner, here are the most common ones:

1. a) Line Chart

• A simple line that connects closing prices over time.
• Clean and easy to read, but doesn’t show much detail.
• Good for quick overviews.

1. b) Candlestick Chart (Recommended)

• Most popular among traders.
• Each candle shows open, high, low, and close price in a set time period.
• Color-coded: Green (price went up), Red (price went down).

Candlestick charts give you more information and are widely used for technical analysis. If you’re serious about trading, this is the best chart type to learn.

3. Understanding Candlesticks

Each candlestick on the chart represents price movement during a specific time interval, like 1 minute or 5 minutes.

Candle parts:

• Body: Shows the opening and closing price.
• Wick (or shadow): Shows the highest and lowest prices during the candle’s life.
• Color:
  • Green candle = price closed higher than it opened.
  • Red candle = price closed lower than it opened.

By reading candles in patterns, traders can identify possible market direction — uptrend, downtrend, or sideways.

4. Selecting Timeframes

On Quotex, you can choose different timeframes, such as:

• 5s (5 seconds)
• 1m (1 minute)
• 5m (5 minutes)
• 1h (1 hour)

The timeframe controls how long each candle represents. For example:

• In the 1-minute timeframe, each candle shows one minute of price movement.
• In the 5-minute timeframe, each candle shows five minutes of data.

Beginners often start with shorter timeframes like 1m or 5m for faster learning, but longer timeframes (like 15m or 1h) give more reliable signals.

5. Using Zoom and Navigation Tools

You can zoom in or out on the chart to see more candles or focus on recent movements. This helps you spot trends and important price levels.

• Scroll left to review past price behavior.
• Scroll right to come back to the current live price.

Practicing with zoom and scroll helps you develop awareness of the bigger picture, not just the latest candle.

6. Drawing Tools for Support and Resistance

On the left side of the Quotex chart, you’ll find drawing tools. These allow you to mark important levels like:

• Support: A level where the price tends to stop falling.
• Resistance: A level where the price tends to stop rising.

You can use horizontal lines to mark these levels and observe how the price reacts to them. Support and resistance play a key role in building strategies.

7. Applying Indicators to the Chart

In addition to the chart itself, Quotex lets you add indicators like:

• Moving Average
• RSI (Relative Strength Index)
• Bollinger Bands

These tools appear directly on your chart and help you make better-informed predictions.

Tip: Don’t overuse indicators. Start with one or two until you feel confident.

8. Spotting Trends on the Chart

One of the most important skills is trend recognition. There are three basic trends:

• Uptrend: Price forms higher highs and higher lows.
• Downtrend: Price forms lower highs and lower lows.
• Sideways trend: Price moves within a range with no clear direction.

As a beginner, it’s usually safer to trade with the trend, not against it.

9. Practice Makes Perfect

Reading charts gets easier the more you practice. Start by:

• Watching the live chart for 10–15 minutes each day.
• Noting how the price reacts to different levels and indicators.
• Practicing with demo trades to test your understanding.

Over time, you’ll start to recognize patterns and signals naturally.

Final Thoughts

The Quotex chart is your window into the market. It may seem complex at first, but once you learn to read candlesticks, recognize trends, and use tools like support/resistance, you’ll gain real trading confidence.

Don’t rush the learning process. Start slow, observe carefully, and use your demo account as much as possible. Mastering the basics of the chart is a powerful first step toward becoming a successful trader.