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[OctaFX Hanna]

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EUR/GBP spikes on falling prospect of aggressive ECB easing​

The buying interest in EUR spiked, taking the EUR/GBP cross higher to 0.7761 on reports that ECB may not do much next week other than the already priced-in 10 bps deposit rate cut.

Eyes hourly 100-MA

The cross is just a few pips short of the hourly 100-MA located at 0.7767 levels. The common currency recovered from the daily lows after MNI report said the ECB governing council has not consensus beyond a 10 bps rate cut.

Markets have been speculating about more aggressive easing next week – expansion of QE program. Moreover, the German bond markets have already priced-in a 10 bps rate cut. Consequently, MNI report pushed the pair higher.

Still, the gains in the cross are being capped around 0.7760 levels.

EUR/GBP Technical Levels

The immediate hurdle at 0.7767 (hourly 100-MA), above which the cross could make an attempt at 0.7812 (10-DMA). A break higher would expose 0.7845 (Feb 17 high). On the other hand, a break below 0.7730 (hourly 50-MA) could see the pair drift lower to 0.77, under which a major support is seen at 0.7634 (50-DMA).

 

[Ecurrency Experts]

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[Trevor Laughlin]

I don’t know about increase in profits, but it definitely is a way to increase my comfort level. I am trading with this company since last 3 years, I have been part of this broker when there was 30% bonus on offer, I don’t care about the increase that OctaFX has provided us, what I am really proud about is the service, it is something that has never changed right throughout from when they started, it has only got better and I seriously hope this continues!

 

[Ecurrency Experts]

Rate Deposit & Withdrawal Hari ini:

RM 4.1045

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[OctaFX Hanna]

OctaFX Champion demo contest, Round 48: time for the winners

The results of the recent Round 48 of OctaFX Champion demo contest are announced, and it’s high time to welcome the traders who were persistent enough to get the prizes:

• 1st place with the award of 500 USD goes to Mr. Omid Shahni Mandani from Afghanistan
• 2nd place with the award of 300 USD goes to Mr. Fakih Aziz Darojat from Indonesia
• 3rd place with the award of 100 USD goes to Mr. Syudi Prayitno from Indonesia
• The last runner in the contest, Mr. Ipon Kusbandi from Indonesia is granted 100 USD

These traders couldn’t wait to share their experience and feelings about the contest, so here is what they told us:

2nd place - Mr. Fakih Aziz Darojat from Indonesia

I’m delighted that I’ve won a prize in this contest! I consider myself very efficient so I was expecting to become one of the winners as soon as possible. And it happened! My next plan is to participate in all future rounds of this contest. I hope to go on winning. With mental strength and ability to analyze the news, it’s not as hard as one can imagine. My strategy is to stick to the Fundamental path, and I recommend it to all the traders who want to rise high. One year of training and learning - and you are the winner!

3rd place - Mr. Syudi Prayitno from Indonesia

Honestly speaking, I didn’t expect to become the third winner in this round of the Champion contest. It was a big surprise for which I’m grateful to OctaFX and the opportunity that they give by offering such a great way to test trading skills. When I found out that there is such a contest as OctaFX Champion, I was amazed. I didn’t think there are demo contests for those who are not ready to trade on the real accounts. How do I trade? I usually don’t sit in front of my laptop all the time, I just look at the charts once or twice a day to choose my next target. When I lose or win enough, I stop. The trick is to not be too eager to win a million and not to be upset when you are out of luck. Another idea is to maintain physical and mental discipline. That’s the key. I haven’t experienced any spectacular one-time profit, my way of trading is to get small profits, that are more or less regular. Concerning the tools… I only use Bollinger band and moving average. That’s how I trade. And here is my piece of advice for the beginner traders: spend at least 3 months on a demo account. Don’t rush in the real world at once. Take your time and be patient enough to finally win.

The last runner - Mr. Ipon Kusbandi from Indonesia

I’m the last runner this time, but it doesn’t make me too sad. Now I feel challenged to be the best in the upcoming round. This contest taught me a lot, especially how to control the emotions. The strategy that I failed is the candle pattern that I try to develop myself. All in all, my involvement in the contest doesn’t take too much time because I’m an intraday trader and every day I spend a tiny bit of my time on Forex. For this kind of trading, 1 year is enough to learn quite a lot. The largest profit that I’ve ever got was at pair EUR/GBP. Perhaps in the future I’ll explore more.

Take part in the next round of OctaFX Champion demo contest – register in the contest now!

 

[OctaFX]

OctaFX Champion demo contest, Round 48: time for the winners ​

OctaFX Champion demo contest, Round 48: time for the winners​

​

The results of the recent Round 48 of OctaFX Champion demo contest are announced, and it’s high time to welcome the traders who were persistent enough to get the prizes:

• 1st place with the award of 500 USD goes to Mr. Omid Shahni Mandani from Afghanistan
• 2nd place with the award of 300 USD goes to Mr. Fakih Aziz Darojat from Indonesia
• 3rd place with the award of 100 USD goes to Mr. Syudi Prayitno from Indonesia
• The last runner in the contest, Mr. Ipon Kusbandi from Indonesia is granted 100 USD

These traders couldn’t wait to share their experience and feelings about the contest, so here is what they told us:


2nd place - Mr. Fakih Aziz Darojat from Indonesia

I’m delighted that I’ve won a prize in this contest! I consider myself very efficient so I was expecting to become one of the winners as soon as possible. And it happened! My next plan is to participate in all future rounds of this contest. I hope to go on winning. With mental strength and ability to analyze the news, it’s not as hard as one can imagine. My strategy is to stick to the Fundamental path, and I recommend it to all the traders who want to rise high. One year of training and learning - and you are the winner!



3rd place - Mr. Syudi Prayitno from Indonesia

Honestly speaking, I didn’t expect to become the third winner in this round of the Champion contest. It was a big surprise for which I’m grateful to OctaFX and the opportunity that they give by offering such a great way to test trading skills. When I found out that there is such a contest as OctaFX Champion, I was amazed. I didn’t think there are demo contests for those who are not ready to trade on the real accounts. How do I trade? I usually don’t sit in front of my laptop all the time, I just look at the charts once or twice a day to choose my next target. When I lose or win enough, I stop. The trick is to not be too eager to win a million and not to be upset when you are out of luck. Another idea is to maintain physical and mental discipline. That’s the key. I haven’t experienced any spectacular one-time profit, my way of trading is to get small profits, that are more or less regular. Concerning the tools… I only use Bollinger band and moving average. That’s how I trade. And here is my piece of advice for the beginner traders: spend at least 3 months on a demo account. Don’t rush in the real world at once. Take your time and be patient enough to finally win.



The last runner - Mr. Ipon Kusbandi from Indonesia

I’m the last runner this time, but it doesn’t make me too sad. Now I feel challenged to be the best in the upcoming round. This contest taught me a lot, especially how to control the emotions. The strategy that I failed is the candle pattern that I try to develop myself. All in all, my involvement in the contest doesn’t take too much time because I’m an intraday trader and every day I spend a tiny bit of my time on Forex. For this kind of trading, 1 year is enough to learn quite a lot. The largest profit that I’ve ever got was at pair EUR/GBP. Perhaps in the future I’ll explore more.

Take part in the next round of OctaFX Champion demo contest – register in the contest now!​

 

[OctaFX Hanna]

Winner of Round 18 of Supercharged real contest: keep on trying

Round 18 of Supercharged real contest is finished, and our recent round winner is Faidol Barokah from Indonesia. He was ready to give a few tips and to share his ideas on trading with those who are thinking of registering and joining our Supercharged contest. Here they are:

I feel valued and supported by winning this round of Supercharged contest: it proves that I trade well enough. I have to say that I really like the idea of the contests that OctaFX runs, it shows that they are concerned about traders’ motivation which can’t be found everywhere.

My own trading process is quite simple: I’m always focused on every transaction, but I’m able to manage my time properly so that trading doesn’t interfere with my other work tasks. My success key is patience and being calm when facing the market under any circumstances, or, in other words, no greed and no fear. I call my strategy “Slowly but surely”, and it includes taking advantage of some indicators available in MT4 and observing the market news closely.

Considering time issues, I believe you don’t have to acquire experience and skills for years; 3 or 4 months are enough if you manage your actions properly and consistently.

As long as the contest goes on, I plan to stick to my strategy and to try to win the ultimate prize. That’s my piece of advice to fellow contestants: don’t be discouraged before the contest ends, anyone has a chance to win, and you only have to keep on trying.

The registration in the Supercharged real contest is open up to May, 6th, so it’s high time to test your trading skills and to fight in the final battle for Tesla Model S!

 

[OctaFX Hanna]

How to trade Forex? You can now find the answer in our Education section!

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? We’ve been carefully studying every enquiry to our Customer Support as well as the latest tendencies in online trading and gathered all the knowledge you may need while conquering the world of Forex.

Our Education section now has 3 major sub-sections:

• Our FAQ or Frequently Asked Questions is a sub-section where all vital questions about trading are all sorted into groups, so you will know where to go searching for information about our services.
• Glossary contains every term you need to know practicing online trading: all the items are sorted in alphabetical order to enhance usability.
• Manuals are all about two major trading platforms – MT4 and cTrader. Find a part you are interested in and the link will take you to the developers’ manual.

Still want more? Articles from the leading OctaFX analysts are soon to be released as well as a top-secret innovative tool to help you advance in trading: keep your eyes peeled!

We are trying our hardest to enhance learning process for every client, whether a newbie or a professional trader. Haven’t found what you’ve been looking for – address our award-winning Customer Support for qualified help.

While you are reading this, others are already learning something new – check out our Education section now!

 

[OctaFX]

How to trade Forex? You can now find the answer in our Education section!

How to trade Forex? You can now find the answer in our Education section! ​

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? We’ve been carefully studying every enquiry to our Customer Support as well as the latest tendencies in online trading and gathered all the knowledge you may need while conquering the world of Forex. Our Education section now has 3 major sub-sections:

• FAQ or Frequently Asked Questions is a sub-section where all vital questions about trading are all sorted into groups, so you will know where to go searching for information about our services.
• Glossary contains every term you need to know practicing online trading: all the items are sorted in alphabetical order to enhance usability.
• Manuals are all about two major trading platforms – MT4 and cTrader. Find a part you are interested in and the link will take you to the developers’ manual.

Still want more? Articles from the leading OctaFX analysts are soon to be released as well as a top-secret innovative tool to help you advance in trading: keep your eyes peeled! We are trying our hardest to enhance learning process for every client, whether a newbie or a professional trader. Haven’t found what you’ve been looking for – address our award-winning Customer Support for qualified help.

While you are reading this, others are already learning something new – check out our Education section now!​

 

[OctaFX Hanna]

Trading schedule changes due to summer time shift​

OctaFX would like to inform you of the changes in the trading schedule.

From March 13, 2016 the USA moves to summer time. European countries change to summer time 2 weeks later, March 27, 2016. In this connection, we alter trading schedule on Fridays: the trading closes at 23:00 EET (Server time).

Here is the timetable for your convenience:

Friday, March 18, 2016 and Friday, March 25, 2016
All instruments
Opening: 00:00
Closing: 23:00

Please, consider the fact that any open trades upon closure of trading hours will be rolled into the next day.

We would like to apologize for any inconvenience caused. Please, contact our Customers Support in case you have any questions. If any failures occur, please report immediately to [email protected]

Thank you for choosing OctaFX as your top-notch Forex Broker.