11 February, 2016
The results of Round 47 of OctaFX Champion demo contest are here, so let’s meet and congratulate our recent winners who shared the prize fund of $1000:
Thewinners were glad to share their experience and success stories:
1st place - Mr. Aderio Budaya from Indonesia
I would like to thank OctaFX who has organized this contest so I could hone my trading for the better. With this contest, I could compare my trading skills to the other contestants’. I felt very happy when I learned that I’m the first winner. I saw that many of the contestants were better, but I tried to continue without despairing and did my best. I spent quite a lot of time on this contest: this involvement showed me the level of my own seriousness. However, I was able to do my regular activities as usual, so it didn’t interfere with the other routines. I have become more enthusiastic now and I want to try to participate in other contests and hope to be the best again. As for my key to success, it’s patience and not being greedy. Patience in waiting for the best moment in the opening trade and patience in collecting and waiting for any big Take Profit. My strategy is also to develop a plan using several indicators and technical analysis tools. Using these tips, I experienced a spectacular gain when I got 600 pips in one trade. As for the time frames, it took me a year to learn everything that I know about trading now. I’m sure that a year is quite enough to become a good trader.
2nd place - Mr. Irwan Hadi Widiastono from Indonesia
I’m very happy and grateful to become a runner up in the contest. I think the key to success is to stay calm, stable, focus on every situation and condition at hand. That’s what I did. In addition, myfavouritestrategy is to read the news and to see the limitations of economic support and resistance. In my opinion, it doesn’t take too long to be a good trader, the most significant thing is mental management. Trading is not gambling, and it’s also very important to keep in mind. Now to the contest… I have to say that I didn’t spend all my time participating in this round; I rather enjoyed it and traded with ease. I will surely participate in the future rounds of OctaFX contests and other promotions it offers.
3rd place - Mr. Lukman Penataran Pardede from Indonesia
I’m happy to be one of the winners in this competition,becauseuntil Friday afternoon, I occupied the eighth position. When I opened the final ranking, wow: I was the third! It was also a surprise for me because I open and close positions whenever I have some free time. I don’t spend hours and hours calculating the best chance, I just trade when I can. I don’t use any strategy, I just wait for the right moment to enter the market and afterthatI wait once again. The key factor in Forextrading in my opinionis to be patient and not to be too eager to get a big profit. I will definitely participate in other contests that are organized by OctaFX! It was a great pleasure for me to take part in this round of the Champion demo contest, so why not?
The last runner - Mr. Dedi Dadia Aswata from Indonesia
Although I didn’t take one of the first places, I’m still very excited to get a prize. I learned a lot of lessons while participating in this contest: I realized that I lack precision, and the lot size I use is too large. I can say that Champion demo contest helped me change my viewpoint. The tools that I usually use are LWMA 8, 16, 32, 96, 120 and 480 for 15 minutes time frame, and Bollinger Bands; my new goal is to conduct a thorough market analysis. In my opinion, it takes at least 3 years to become a good trader, so I have some time left until I become the best of the best.
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:
We are glad to inform you that starting from today you can deposit your euro trading accounts with Skrill! OctaFX introduces direct deposits and withdrawals for Skrill in euro currency.
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OctaFX would like to inform you of the changes in the trading schedule for XAU/USD and XAG/USD instruments for Easter Holiday Period. Friday, March 25, trading on XAU/USD and XAG/USD is closed. Trading on metals reopens Monday, March 28, with Market opening (01:00 EET)...
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...
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