29 August, 2014
OctaFX Champion Round 30 starts Monday, September 1, and we are happy to see the new record – more than 3000 people will trade for the opportunity to win $3000!
Traditionally, we asked our Round 29 winners a few questions for your inspiration!
What is the key factor to your success? Why are you better than everyone else?
1st place – Mr. Yuri Ohrimenko: I think the right choice of the currency pair for the contest and the study of the fundamental data for this pair before the contest bring success. And of course a bit of luck.
2nd place – Mrs. Svetlana Goroshevskaya:The most important oints of success are the analysis and accurate calculation, trading experience and knowledge of the behavior of the financial tools, long observation of them.
3rd place – Mr. Syamsul Hadi Fitri Amd: The main factor of my success is growing confidence in myself that someday I will definitely be able to become a successful Forex trader.
What was your strategy? Have you developed a perfect plan or tried various techniques?
1st place – Mr. Yuri Ohrimenko: In this contest, I relied on the currency pair NZDUSD. When I occupied the first place I tried not to let participants ahead.
2nd place – Mrs. Svetlana Goroshevskaya:The simpler the better! I usually use graphic analysis, MACD indicator, strong levels, and of course the news that give an overall picture of the market.
3rd place – Mr. Syamsul Hadi Fitri Amd: As long as I trade Forex, I learned to follow the strategy, which is used by traders, who succeed in the Forex Market. Then I made innovation by combining indicators, which are user friendly for me so that I can read the direction of movement of the currency in the Forex market.
How long does it take to become a good trader?
1st place – Mr. Yuri Ohrimenko: It all depends on hard work and talent. Also, the faster you are able to tame emotions, the sooner you will be a good trader.
2nd place – Mrs. Svetlana Goroshevskaya:I think one should learn at least a year, and to trade, including in the real accounts, making small deposits to start trading in profit, the main thing after all is captured currency pairs, not dollars.
3rd place – Mr. Syamsul Hadi Fitri Amd: I think it is quite long for me. I have been learning to understand the Forex market from 2008 to 2014. It took approximately 6 years because my background is not an economic expert, and I think I still have a lot of flaws and I guess I have not gotten the achievement, which I expected.
The last runner – Mrs. Mehwish Raheel is not discouraged and fully optimistic concerning next rounds: “I will improve my trading in near future and you will see me again trading in the next round number 30, and I will use my other strategies in that contest.
I have learned a lot of things, and I learned one main thing, that is do proper analysis, then proper calculation of lots, actually I did some mistakes in trading volume, but I will try not do it again in next round”.
The new Round 30 starts over a weekend! Register in the special Round of OctaFX Champion Demo contest to win $3000!
With 2019 right around the corner, OctaFX presents you with a yearly digest of the most incredible company innovations launched during 2018! Our team...
Since 2011, we've collected a lot of knowledge about financial markets, money management, long-term and short-term investments, trading...
We've introduced a new type of commission for copy trading - revenue share. It's denominated as a percentage of the income on your investment...
Round 80 of the OctaFX Champion Demo Contest has finished. Congratulations to four more traders who share the prize fund of 1,000 USD this month...
For everyone who participates or is interested in our affiliate program, we're pleased to announce that we've now officially launched a Master IB program...
We've released a new service that expands your options for making a profit in both active and passive ways - OctaFX Copytrading. Novice traders...
OctaFX is introducing an early upgrade for Copytrading mobile app. To make your investing experience even more convenient, we added...
We've created a standalone app supplying all your needs as an investor. It duplicates all the functionality available to Copiers in the OctaFX Copytrading...
We just went mobile, launching a free app for all Android devices. Our app allows you to access your Personal Area and manage your trading...