7 August, 2014
Four OctaFX winners of OctaFX Champion Demo contest Round 28 are excited to prolong their successful trading experience and are looking forward to participating in our new promotions! Let us remind you the names of people we interviewed to motivate you!
What is the key factor to your success? Why are you better than everyone else?
1st place – Mr. Drs. Alimuddin M.Si: According to me, the key to success in Forex trading is highly determined by the state of the trader's psychology. Even psychological factors in trading is more important than technical skills.
2nd place – Mr. Madani: Be patient and wait for the right entry and, of course, luck factor also plays its role.
3rd place – Mr. Rahman Afn: The key to success is patience and discipline.
How do you feel about your result?
1st place – Mr. Drs. Alimuddin M.Si: Becoming the winner of the OctaFX Champion contest is the pride and pleasure for me because I was able to outperform all participants.
2nd place – Mr. Madani: Of course I am very happy and did not think I could win this contest.
3rd place – Mr. Rahman Afn: I am happy and proud, finally be able to be one of the winners of OctaFX Champion Demo Contest.
The last runner – Mr. Cecep Mahpud: I will try and strive to improve my trading performance and capabilities, both in the Demo Contest and in the Real account. Although I have several times experienced loss, because I believe forex is suitable for my business, and OctaFX is appropriate broker for me, after I tried trading with several brokers.
Were you greatly involved in the contest? Did it take lots of your time?
1st place – Mr. Drs. Alimuddin M.Si: I did it part-time and it did not take all my time. I still could work at my job.
2nd place – Mr. Madani: I trade a few hours a day and fortunately OctaFX have platform for android so I could monitor the price at any time.
3rd place – Mr. Rahman Afn: I traded in the contest when at home, during the lunch time and if there was free time at my work, I spent a little time to monitor it, so it did not take much time.
The last runner – Mr. Cecep Mahpud: I'm trying to divide my time, because I work as an employee and I tried to focus on forex when trading hours were crowded.
What was your most spectacular gain? Have you encountered considerable loss?
1st place – Mr. Drs. Alimuddin M.Si: Advantages were spectacular when I performed BUY with large volume at the lowest price and TP at highest price, and took SELL order with big volume at the highest price and TP in lowest price.
2nd place – Mr. Madani: Nothing spectacular, everything was standard, but most importantly it was consistent.
3rd place – Mr. Rahman Afn: When the movement of the rising and falling of graph is rapid I encounter considerable profit.
The last runner – Mr. Cecep Mahpud: Yes, I was getting a valuable lesson from this contest and I suffered more losses when I used long-time strategy.
What strategy did you use during the contest?
1st place – Mr. Drs. Alimuddin M.Si: Strategies that I use in trading is a combination of good variety of techniques that I get from various books about Forex as well as from the experience of successful traders.
2nd place – Mr. Madani: My strategy is described by a simple phrase: “Buy at low prices and sell at high prices”.
3rd place – Mr. Rahman Afn: I only use manual analysis strategy with a long-term system.
The last runner – Mr. Cecep Mahpud: Sometimes I use a PC or a gadget for trading and use scalping method, and I am always paying attention to the economic calendar.
How long does it take to become a good trader?
1st place – Mr. Drs. Alimuddin M.Si: It depends on one’sdiligence what time does it take.
2nd place – Mr. Madani: I think more than 2 years.
3rd place – Mr. Rahman Afn: 6 months may be enough time to become a good trader.
The last runner – Mr. Cecep Mahpud: Experience is the most valuable knowledge in forex. To understand the concept it’s needed to learn for 6 months. However to be a good trader it takes a long time as a way to train the tenacity and patience.
Feeling like you can beat and outperform others? Prove yourself a better trader - register in OctaFX Champion Demo Contest Round 30!
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