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Round 49 OctaFX Champion demo contest: how to win on the first try
New OctaFX champions are here with the exciting tips for those who want to become the best of the best in trading! The winners of Round 49 of OctaFX Champion demo contest were happy to share their keys to success and secret techniques. Let’s welcome these traders:
1st place with the award of 500 USD goes to Mr. Calixtus Anak Edmond Edmund Serop from Malaysia
2nd place with the award of 300 USD goes to Mr. Aleksey Shumilovsky from Ukraine
3rd place with the award of 100 USD goes to Mr. Rosli Abdullah from Malaysia
The last runner in the contest, Mr. Artyom Arenin from Spain is granted 100 USD
How to win if you take part in the contest for the first time? Should you follow the news or the instincts? Should you trade during high volatility times? Learn the answers from the success stories of OctaFX champions!
1st place - Mr. Calixtus Anak Edmond Edmund Serop from Malaysia I feel so grateful that I became the winner in this round… I’ve never expected to actually win because it’s the first time I join a Forex competition. Well, maybe it was a beginner’s luck. Anyway, my methods are: following the news announcements, sentiment and trading expectation. I spend 7-8 hours a day to observe and perform my trading. To my mind, this is a winning approach and I hope it will help me build my trading confidence. When I gain enough experience and confidence participating in this contest, I will join the other ones that OctaFX has. May be Supercharged is a good idea since it looks it’s going to end soon. My personal key to success is following the news, using the sentiment tool and watching out for the impact on the market after certain news are released. I never give up and I always keep on trading even when I have “losing” days. That being said, I don’t have a particular strategy, but sometimes I watch at the candlestick development and of course follow my instincts. This is the way I reached my most spectacular gain of 100,000 USD. However, to get to these figures, you have to be training for quite a lot of time. To my mind, you have to spend at least a few years on the trading market to become a pro.
2nd place - Mr. Aleksey Shumilovsky from Ukraine I wish I won the first prize, but being the second is not that bad either. I’m an involved trader, so Forex is a large part of my life, and I spend a lot of time and efforts on it. I will surely try the other contests that OctaFX offers: I like the wide range. I’m not sure what helped me get the award this time: maybe it was pure luck. I didn’t use any special tools or techniques, so I can’t say what was the decisive factor for me this time. There are a lot of strategies that I use and I don’t stick to a single one. However, this time my gain was the best ever. I’ve been trading for 5 years and I believe this period is enough to get the most important trading skills.
3rd place - Mr. Rosli Abdullah from Malaysia I’m on the list of the winners, so it means that my strategy worked well. It’s great to know that! I usually spend a few hours during the London and US market sessions to look for the best trades, and this time I followed my rule. Apart from OctaFX Champion, I participate in cTrader Weekly and Southampton Supreme game. Like other traders, I think that success lies in the ability to identify the right time to enter and exit trades. I used big lots to place my Buy-stop and Sell-stop before the news releases (I like to trade during high impact news releases). With that, I got big profits and pushed my ranking to a better position. I enjoyed trading during these times. I made two big profits of approximately $22,000 and $55,000 respectively on March, 9th of and March,17th. This is quite an astonishing result, but I think I learned hard, so I deserved these gains. I takes quite some time to become a good trader, a person who can understand the reasons of the market movements and who is able to control their emotions when trading. My opinion is that it may take around 3 years to prepare someone to become a good trader.
Round 19 of Supercharged real contest: holding breath before the final straight
There’s only one month left till the very end of OctaFX Supercharged real contest, and soon the ultimate winners will be unveiled. Stay tuned to learn who gets Tesla Model S and a whole lot of other outstanding prizes! Here is the list of prizes you can get competing in the final:
Tesla Model S
Smart Fortwo
Renault Twizy
The latest Apple iMac
The latest Apple MacBook pro
The latest Apple Macbook Air
The latest Apple Mac Mini
The latest Apple iPad
Apple iPhone 6s plus
iPhone 6s
In the meantime, the results of the last but one round are here, so let’s welcome Chin Heung from Hong Kong who was the first trader in Round 19. The winner was excited to share his trading secrets and strategies:
The contest was an excellent drill for me. I’ve been trading for quite a while now, but I’ve never thought I could win in a contest: there are so many people participating... This time I got lucky and my profits were unexpectedly high. I mean, I consider myself an experienced trader but profits always vary and I can’t say I don’t face any losses. So I’m really excited about the recent round of the Supercharged contest.
The contest wasn’t taking a lot of time and effort, I was just trading as usual. At the same time, I was competing with the other contestants which was a good challenge.
My main strategy is no rush. If you are emotional and impatient, you are not a good trader. Forex is all about being calm and relaxed - no matter what happens on the market. Being reserved, you can see the whole picture in objective light. Of course, it took some time for me to develop this strategy and adopt it. The first year or two were full of mistakes and ****** losses. Now I learned to avoid them thanks to being patient and calm. There is one trick to acquire this kind of state: keep your “trading money” separate from your personal funds. Consider trading your job - this will help you bring down the level of nervousness.
My next plan is of course to win Tesla. The last round will be over soon and I stake my hopes on the last run. The prize is really big, so the competition is serious.
My advice for the fellow traders is the following: be strong, calm and be ready to win. Because… why not? OctaFX Supercharged real contest: time to win!
$400 prize for the winners of Round 40 of OctaFX cTrader Weekly demo contest
Round 40 of OctaFX cTrader Weekly demo contest showed the outstanding skills and ample experience of Indonesian traders: this time, all the winners happened to be from Indonesia! Let’s welcome five traders who were the greatest in the latest round of cTrader Weekly demo contest:
1st place with the award of $150 goes to Mr. Ariyanti from Indonesia.
2nd place with the award of $100 goes to Mr. Hafiz Mirsada from Indonesia.
3rd place with the award of $75 goes to Mr. Endang Sudiarto Sudiro from Indonesia.
4th place with the award of $50 goes to Mr. Cucu Hasan Sadikin from Indonesia.
5th place with the award of $25 goes to Mr. Aris Triyono from Indonesia.
Taking your chances in OctaFX cTrader Weekly demo contest is not as hard as you can imagine. Just register a demo account to take part in the next round and join the competition! Participating in cTrader Weekly demo contest is completely risk-free: you don’t have to use your personal funds to trade, but you get a chance to receive real prizes. If your trading week is successful enough, you get as much as $150. Register to try the convenient cTrader platform and get your money prize at no cost!
OctaFX cTrader Weekly demo contest: demo trading, real opportunity!
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