28 July, 2015
OctaFX Supercharged real contest erases all boundaries! Our diverse participants coming from different countries and continents have proved to be more than just good traders. They continue to challenge themselves even after failures and setbacks, they respect other traders and vote only for a fair contest. Round 9 is not an exception. We are glad to greet winners from all over the world. Round 9 winner of OctaFX Supercharged real contest - Peter Lu from Canada has achieved great results and recieved iPhone 6 as a prize for his outstanding trading performance. We believe that success story of Peter Lu will encourage all traders, both experienced and newbies, to take part in the contest and show what they are capable of. Meanwhile, we want to share the success story of the of Round 9 winner.
I like OctaFX Supercharged real contest very much. The contest structure is very engaging, and the prizes are well valued to attract interest. Every month gives somebody a chance to start the game, win the prize, and then go on to fight for the ultimate prize. This is exciting! I am very much involved in this contest. After losing a few times in the past, somehow I was determined to win this round. When my first registered account failed I promptly registered another one. I would not stop fighting if I have a reasonable chance.I think my win came with a little luck and a lot of perseverance. I am not much better than others. Many times I was in danger of being passed over. There are a few very good traders who I sincerely think deserve the win. But it seems the luck has been with me so far.
I mainly use directional trading. This works well when I recognize the trend correctly. However, I may also plunge into a situation of grave danger should I make a wrong judgement. I generally do not have a detailed plan in mind. But I do have some guidelines to place my trades. This is not the time to try out various techniques. This is the time to showcase my already developed skills. I did benefit from a large gain which I attribute to my luck. I had a hunch, from the Euro chart pattern, that the Greek referendum vote should cause Euro to fall. It indeed happened in my favour. I also encountered moderate losses from which I managed to recover. I do not quite remember what happened, but generally it would be my lack of concentration at some point, or I did not stop loss in time. As everybody knows, stop loss is a very important part of trading.
It is hard to say how long it takes to become a good trader. I think it depends on personal circumstances. If you devote more time to study, and study in the right way, then definitely you would speed up the learning process. It might also depend on your personal traits and personalities that are probably more difficult to harness. Overall, I think 3-5 years is a good estimate if you do not have prior trading experiences. My drive is to win Tesla, I always aim for the best. I do have confidence. Sharpen your trading skills by participating in OctaFX Supercharged real contest. Learn from your mistakes. Improve game by game. Nothing is impossible!
We thank Mr Peter Lu for telling his success story. Our winner receives his brand-new iPhone 6, which will soon reach Canada! Every trader is welcomed to take part in OctaFX Supercharged real contest and compete for our 10 top-notch prizes including Tesla Model S, Smart Fortwo and Renault Twizy!
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Time flies, so here are another week's results of OctaFX cTrader Weekly demo contest. Let’s welcome five more winners and five more valuable prizes that were given to the most skillful traders of Round 41 of cTrader Weekly demo contest:
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OctaFX is ready to present our traders with everything they need to know: Education section is now released! Having a question? Want to learn more about Forex? Mastered easy techniques and ready for more...