30 July, 2014
Three most successful traders point out the difference OctaFX made on the scene of MyFXbook contests:
Mr. Vadim Rybalko: I liked this promotion and your terminal works without lockups and requotes, which is perfect for testing different strategies. I hope my experience trading real account would be similar.
Mr. Bloni Dedi Fanri Simarmata: I can mention one OctaFX feature that really helped me win – it is the One Click Trading feature. I can quickly make transactions only with one click. This contest has also helped me to train my discipline in trading.
Mr. Claudio Pietroni: This contest on myfxbook is the best because it was managed by OctaFX low spreads. OctaFX features that helped me were minimal spreads and fast execution.
Mr. Vadim Rybalko from Russia, occupying the first place:
I am a recent user of MyFXbook, and I would like to thank OctaFX for the contest – I enjoyed it. It also gave me some experience with OctaFX and results are fine!
It was unexpected, that I won the competition. I traded only in my free time, and I felt lucky, as my first desire was to enter top 10 rankings. I also tested your system trading on indicators. My trading balance shot up and I did not encounter significant losses.
If you ask me for an advice for beginners, I can only say that I’ve been trading for 5 years and still, I am learning. I would advise them to seek their own Holy Grail.
Mr. Bloni Dedi Fanri Simarmata from Indonesia – the second best trader:
Of course, I am very happy to be among the winners. However I did not spend too much time, it can be seen from the number of my transactions during the contest.
My strategy was to use technical analysis using the trend line indicator and to trade manually. Occasionally I use support and resistant levels. During the contest I was able to apply discipline to my trading system. In the previous contests, I have not been able to do it.
During the contest I gained the most spectacular profit trading GBP/USD pair, it could reach 69 pips and the most important were moments when prices moved according to my analysis, that’s the most spectacular. Also during the contest, I have only experienced onetime loss and it was not considerable. Major factor that leads to my success is discipline with techniques I applied in trading.
I’ve known about Forex since 2007. I think, only discipline can make you become a good trader. And for beginners, I suggest to train discipline in trading, and if you can be disciplined within 3 months, you can become a good trader.
Mr. Claudio Pietroni from Italy, coming third:
Being a winner is always exciting however, it was expected. If I put a plan to achieve a goal in my mind – I reach it later on. During the contest, I spent only few hours trading, as being a dedicated father I am deeply involved in raising my children. The key factor of my success? I was confident and had a lot of patience because trading is not just opening positions every now and then.
My strategy was based on time-frame techniques developed by myself and all trades were executed manually. My spectacular gain was during the last order when I thought I’d loose everything but I remained confident up to the finish line. I did not make losses as my positions were always in gain.
To become good trader I think you have to take considerable loss to see if your brain could go forward.
I am trading for more 10 years now and I had several problems in the past because some people did not believe in my trading work! I have lost a lot of money but despite all I have continued to work hard and now I see the results! I did this especially for my two children and I hope in the future they'll see their father as a winner!
Stay tuned to participate in new OctaFX promotions and Contests!
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