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Round 55 of OctaFX Champion demo contest: $1000 for the winners!

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OctaFX Champion demo contest is a real challenge for the real champions, so let’s congratulate the traders of the month who were the best in Round 55! The prize fund of $1000 was shared between the following Forex masters:

  • 1st place with the award of 500 USD goes to Mr. Dejan Kostovski from Macedonia.
  • 2nd place with the award of 300 USD goes to Mr. Yuliantono from Indonesia.
  • 3rd place with the award of 100 USD goes to Mr. Adi Putra Nugraha from Indonesia.
  • The last place is Mr. Zainal Efendi from Indonesia who has won 100 USD

What are their secrets of success and trading experiences? Here are a few exciting stories from our champions!

1st place: Mr. Dejan Kostovski from Macedonia
Being an OctaFX Champion feels great. It feels great to know that, for a moment in time, you were the best at something you wanted.

Usually I trade during the London and the US sessions (and sometimes Tokyo too) always looking for a good opportunity to enter the market. Economic calendar is helping a lot, so my trading is somehow scheduled. I pay close attention to the announcements because it’s quite probable that they may affect the direction of the market. There were a few days when I was very active and trading took a lot of my time.

My focus is mostly on the real trading, but I'd like to continue participating in all your contests - they are all very good. Also, I'd like to win again.

When I saw the ranking just 6 days before the end of the contest, I looked at the Economic calendar and decided to trade during the most probable market-moving events.

I had a plan to take the risk on the last day of the contest to become the winner. So it worked.

To be honest, in this Round of OctaFX Champion demo contest I didn't use any specific strategy. I just traded during the most influential events. Also, to climb the ranking list and to make a big profit on the last day of the contest I had to risk. I tried to anticipate how much EURUSD and GBPUSD will move and scalp all the way down. My most spectacular gain was when the non-farm payroll numbers were announced and the Consumer Price Index numbers came out. I had some loss too, but only once. It was just 20%.

If you ask me for a piece of advice, I believe  that there is no particular amount of time needed for a trader to become a real pro. Advanced traders say they learn new things every day as they continue to improve, so continuity and consistency are the most important points here. Good traders are those who are able to adjust their strategies and to learn about themselves.

But if I were to generalize, it takes at least 6 months or up to 2 years of active trading to become quite a skilled trader.

2nd place: Mr. Yuliantono from Indonesia
I’m very happy and proud to take the second prize! I don’t trade too much and too often; only when I have some free time. However, contests have always been appealing to me, I think it’s a great opportunity.
What is my key to success? Patience and discipline, of course. There is nothing more important in trading than patience and discipline. The strategy that I use is based on the shape of the candlestick. I will continue to explore this technique in the future. I also get the greatest profits when the major news are released.
It took me quite a long time to master my trading techniques. I believe one has to practice from 5 to 10 years to become a good trader.

3rd place: Mr. Adi Putra Nugraha from Indonesia
I’m glad to be in the list of winners! I don’t spend a lot of time on trading in general and on contests in particular, it’s some kind of fun for me, so it was a pleasant surprise to get a prize. I’m not sure I will participate in any other promotions in the future, but it was anyway great to take part in this OctaFX Champion round. My favourite strategy is to be able to control emotions. It’s not too easy and it takes some time, but at the end of the day, it’s worth it.

The last place: Mr. Zainal Efendi from Indonesia
Of course, I want to improve my performance! My goal is to beat the other contestants and become the champion in the next round. I got a valuable lesson and I want to try some other techniques next time. Yes, there are some things that I want to repeat again, hopefully they will work better in the future. For me, Buy Limit & Sell Limit are the keys to maintain profits and avoid losses. Talking about time, it takes no less than 3 years to be a good trader, but I guess I have to go on learning and practicing!

OctaFX Champion demo contest offers a $1000 prize fund and an excellent opportunity to test your trading skills without any financial risk. All you have to do is to trade within a month and become the round leader by the finish date! OctaFX Champion demo contest is easy to take part in: just register here and become one of the champions!

OctaFX Champion demo contest: bringing success

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Changes in Trading Schedule for GER30

 

 

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OctaFX would like to inform you of the changes in the trading schedule for GER30 index. Monday, October 3, trading on GER30 (on MetaTrader5) is closed. Trading reopens Tuesday, October 4, 09:00 EET.

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

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

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cTrader Weekly demo contest, Round 53: $400 for five winners!

 

 

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Ready to hear the results of OctaFX cTrader Weekly demo contest Round 53? Five outstanding traders shared the well-deserved prize fund of $400, and here they are:

  • 1st place with the award of $150 goes to Mr. Puji Harno from Indonesia.
  • 2nd place with the award of $100 goes to Ms. Sutini from Indonesia.
  • 3rd place with the award of $75 goes to Mr. Misran Marbawi from Indonesia.
  • 4th place with the award of $50 goes to  Mr. Mahmoud Ahmed Abed Alaziz from Egypt.
  • 5th place with the award of $25 goes to  Mr. Prabhulal Rugnathbhai Rupala from India.


OctaFX cTrader Weekly demo contest is quick and easy to participate in. Every new round takes just a week, so if you don’t like to trade and wait for the long time, this contest is a right choice for you! All you have to do is open a cTrader demo account and trade. No deposit is required and no financial risks are involved. If you are not yet familiar with cTrader platform, here are some of its advantages:

  • Direct Market Access brokerage capabilities;
  • Mobile trading;
  • Level II market depth;
  • Full-size tick chart;
  • Reverse position in one click;
  • Double position in one click;
  • Scale out positions;
  • Close all open positions in a single click;
  • ...and many more!


Don’t miss your chance and open a demo account to participate in the next round of cTrader Weekly demo contest!

OctaFX cTrader Weekly demo contest: try to win!

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  • 2 weeks later...

 

Welcome cTrader weekly demo contest Round 54 winners!

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One more round of cTrader weekly demo contest is over, and the results of the contest are announced. While our Round 54 winners celebrate their victory, all traders who want to test their trading abilities can join the contest. We are glad to award prizes to the distinguished winners:

  • 1st place with the award of $150 goes to Mr. Czeslaw Socha from Poland.
  • 2nd place with the award of $100 goes to Mr. Olexandr Korobkin from Ukraine.
  • 3rd place with the award of $75 goes to Mr. Moh. Hanafi from Indonesia.
  • 4th place with the award of $50 goes to  Mr. Gang Chen from China.
  • 5th place with the award of $25 goes to  Mr. Yasunori Nakatsuta from Japan.


If you are still wondering if cTrader Weekly demo contest is a good fit for you, here are a few advantages for you to consider:

  • Free of charge. No registration fee or other expenses. Get a demo account and trade - for free.
  • A chance to win real prizes. The prize fund comprises $400 and is divided among five winners.
  • Fast. The duration of cTrader Weekly demo contest is 1 week, so it won’t take you long to get your prize.
  • Learn and improve. cTrader Weekly is a demo contest which makes it an ideal place to test your skills and develop your abilities with no risk.


It is very easy to take part in our contest, just open a demo account to participate in the next cTrader Weekly demo contest round!

OctaFX cTrader Weekly demo contest: demo trading, real experience!

 

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OctaFX: changes in trading conditions for US30, NAS100, SPX500

 

 

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OctaFX updates trading conditions for US indices. We would like to inform you that starting from 31.10 leverage for US30, NAS100, SPX500 indices will be lowered from 1:50 to 1:10 on Metatrader 5 trading platform. Leverage will be lowered from October 31 till November 14 due to the probable high volatility that can occur during US president elections.

We would like you to be aware that further changes can be made depending on market volatility.

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]

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OctaFX trading schedule changes due to the end of Daylight Saving Time

 

OctaFX team would like to notify you that on Sunday, October 30, Daylight Saving Time ends in Europe. Please, note that Forex market and our servers convert from EEST to EET on this date. Our server time will be EET (Eastern European Time) starting Sunday, October 30. Don't forget to consider this fact while planning your trading.

Please note, that on Friday, November 4th, 2016, trading on all available instruments will be closed at 23:00 EET (Server Time), due to the fact that the USA converts to Standard time a week later.

 

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Trading hours will return to normal from Sunday, November 6th, 2016.

Moreover, starting from October 31st to November 4th, 2016, trading on metals, oil and indices will be opened and closed 1 hour earlier than usual (server time). Don't forget to consider this fact while planning your trading.

Here is the timetable for your convenience (October 31st - November 4th):

 

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*Please mind that blackout for some indices shifts accordingly:

For AUS 200 blackout time is 08:30-09:10 EET (instead of 09:30-10:10)
For US30, NAS100, SPX500 blackout time is 22:15-22-30 EET (instead of 23:15-23:30)

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!

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Changes in trading conditions due to US President election

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Dear customers, in addition to the update of trading conditions for US indices due to the coming US President elections we would like to inform you about the following changes in trading conditions taking place from November 7 till November 9th across all platforms and accounts.

Leverage will be lowered to 1:200 for currency pairs and to 1:50 for metals and oil.

Margin requirements will be increased 5 times for accounts with the balance higher than $10000 (or equivalent).
 
This is all due to the fact that higher volatility, low liquidity and spreads widening are expected during US President election period. Trading conditions are expected to get back to normal on 00:00 EET (Server time) November 10.

We would like to remind you that starting from 31.10 leverage for US30, NAS100, SPX500 indices will be lowered from 1:50 to 1:10 on Metatrader 5 trading platform. Leverage will be lowered from October 31 till November 14.

Please consider this information while planning your trading.

We would like you to be aware that further changes can be made depending on market volatility.

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

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Trading conditions will be reverted back to normal November 10

 

 

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Dear customers!

OctaFX would like to let you know that company’s financial position has not been negatively affected during US Presidential election period.

We would like you to be aware that changes that took place during US President election period will be reverted back to normal tonight, November 10th. In order to make this happen we will perform a 10 minute scheduled technical maintenance. Trading won’t be available November 10 from 00:00 EET (Server time) till 00:10 EET (Server time).

Please consider this information while planning your trading.

In case you have any questions, don’t hesitate to contact our award-winning Customer Support: [email protected]

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SERVER MAINTENANCE – SATURDAY NOVEMBER 19, 2016

 

We would like to inform you that we will be performing a scheduled server maintenance this Saturday, November 19 from 15:00 till 15:00 Server time (EET). Our website will be temporarily unavailable during the maintenance.

The planned maintenance is aimed at technical improvements and will help us provide you with a faster, more reliable and stable services.

We would like to apologize for any inconvenience caused. In case of any failures, please report immediately to [email protected]

Thank you for your patience!

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OctaFX US Thanksgiving Day trading schedule

 

 

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OctaFX Technical Department would like you to be informed that due to the coming US Thanksgiving we have altered a trading schedule for several trading instruments. Starting from November 24th to November 25th, 2016, trading schedule for some instruments and indices will be changed. Please, consider the following schedule while planning your trading.

For your convenience, we provide you with the timetable (EET, server time):

 

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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!

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OctaFX cTrader Weekly demo contest, Round 56: new winners

 

 

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Another week has passed which means we have a new bunch of winners! The greatest traders of cTrader weekly demo contest Round 56 were:

1st place with the award of $150 goes to Mr. Misran Marbawi from Indonesia.
2nd place with the award of $100 goes to Mr. Eka Budi Setyawan from Indonesia.
3rd place with the award of $75 goes to Mr. Rajinder Singh from India.
4th place with the award of $50 goes to Mr. Junming Zhang from China.
5th place with the award of $25 goes to Mr. Ruwanta Srinath from Sri Lanka.

What are the benefits of the contest?

No deposits required. No registration fees or other payments! Just trade and compete!
Demo trading, real prizes. Every week the prize fund comprises $400!
Quick results. Get the contest results at the end of each week!
Learn on the go. OctaFX cTrader Weekly demo contest is a good chance to learn while trading with no risk. All you need is to trade and learn.

Are you feeling lucky and skilled enough to do your best and win in the next Round of OctaFX cTrader Weekly demo contest? It’s as easy as that: just open a new demo account and enter the competition!

OctaFX cTrader Weekly demo contest: the new level of trading experience!

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  • 2 weeks later...

OCTAFX IS NOMINATED FOR 4 PRESTIGIOUS TITLES IN FOREX AWARDS 2016!

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OctaFX is happy to be appreciated by the customers and trading experts, and we are proud to announce the exciting news: OctaFX has been chosen to represent 4 nominations in Forex Awards 2016!

You can register at the Forex Awards website and vote for us following the links below:

Forex Awards, a Forex-Ratings branch, gives recognition of the Forex brokerage companies by thousands of customers.

Introduction by Forex-Awards.com means acknowledgment of the highest quality level of services offered by the nominees and winners, and OctaFX company is glad to be represented in four nominations this year!

We appreciate your support! Choose OctaFX as your Best Forex Broker 2016!

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CHRISTMAS AND NEW YEAR HOLIDAYS SCHEDULE CHANGE

 

 

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Dear clients!

OctaFX Technical Department would like to inform you that due to the coming Christmas and New Year holidays we have altered the trading schedule for several trading instruments.

Here are the schedule changes:

XAG/USD, XAU/USD, XPT/USD, XPD/USD, XBR/USD, XTI/USD: trading is closed December 26 and January 2.
XBR/USD: trading closes early December 23 and December 30 (at 19:30 EET, server time).
AUS200: trading is closed December 23, 26, 27, 30 and January 2.
JPN225, US30, NAS100, SPX500: trading is closed December 26 and January 2.
EUSTX50, FRA40, GER30, ESP35: trading is closed December 26.
UK100: December 23 and 30 trading is open from 09:00 till 14:30 EET (server time). Trading is closed December 26, 27 and January 2.
Please note that there are no changes in currency pairs trading schedule.

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

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Stay updated with OctaFX and the latest Forex news!

 

 

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EUR/USD spikes to 3-day high ahead of US economic releases

 

The EUR/USD pair's has gained further traction in the past hour, assisting the pair to accelerate through 1.0450-55 resistance area.

Currently trading at three-day peak, around 1.0470 region, the pair was seen building on Wednesday's tepid recovery gains as the US Dollar extended its profit taking slide from 14-year highs. Meanwhile, looking at the pair's sharp up-tick of around 25-pips in the past hour, the pair seems to have taken out some stops and hence, it would be interesting to see if the up-move is sustainable or is just a stop-run.

Next in focus would be US economic docket, featuring the release of final GDP print, durable goods orders, weekly jobless claims, personal income / spending data and the Fed's preferred inflation gauge - core PCE price index.

Technical levels to watch

A follow through buying interest has the potential to lift the pair towards 1.0500 psychological mark above which the recovery could get extended towards 1.0530-35 resistance area. On the flip side, 1.0450 level now seems to protect immediate downside below which the pair is likely to drift back towards 1.0400 round figure mark.

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  • 4 weeks later...

 

OCTAFX CHAMPION DEMO CONTEST ROUND 58: THREE MAIN SUCCESS FACTORS

 

 

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We are ready to announce the happy winners of OctaFX Champion demo contest Round 58! The prize fund of 1000 USD was shared by four traders, and this time they were:

 

1st place with the award of 500 USD goes to Mr. Karsono Muslamat from Indonesia


2nd place with the award of 300 USD goes to Mr. Said Yacouti from Morocco
3rd place with the award of 100 USD goes to Mr. Muhlish Tri Hidayat from Indonesia
The last runner in the contest, Mr. Eka Birawan from Indonesia is granted 100 USD

 

Do you want to learn the main success factors in trading? Here is what our winners told us:

1ST PLACE: MR. KARSONO MUSLAMAT FROM INDONESIA

I am very happy and proud that I have won this contest, this victory is like an award for me.
This contest didn’t really consume all of my daily time, I traded only at certain hours that I considered crucial for trading. I am always open to the opportunities to participate in a real contest, and with this victory it might be a turning point for me to become a successful trader in this field. The key to my success is my discipline and my faith in the trading techniques I use. My strategy is to avoid hasty decisions and to wait for the right time to open a position. The loss I experienced was trivial and I didn’t have any significant profits, but every time I opened a position, I always gained some small profits that helped me to eventually win. I am a self-taught trader, I didn’t get a special education and it took me long enough to learn. After a few failures that I experienced these 2 years, I can humbly say that I am a good trader.

2ND PLACE: MR. SAID YACOUTI FROM MOROCCO

Wow, I feel so good to get at least the second place! I’d been watching the competition closely for a month and then I thought it was a good moment to try it too. And yes, I want to participate in the upcoming rounds as well. I guess the key factor to my success was a close intermediate term analysis during the whole contest. My strategy is described by a simple phrase: buy at low prices and sell at high prices. Isn’t it really simple and perfect? I also got a valuable lesson from this contest: I suffered more losses when I was using a long-time strategy. I’m not sure how long it takes to become a good trader, because I’m still learning. But I think we can become good traders if we control ourselves and try to be as patient as we can.

3RD PLACE: MR. MUHLISH TRI HIDAYAT FROM INDONESIA

Thank God! I’m very happy, I was not expecting it after nearly three years of participating in the demo contest, but I finally became one of the winners! In terms of trading time, I only traded between 5 and 7 am local time. After that I turned off my phone to start my daily routines. Sometimes I also traded in the evening after I came home from work. God’s will, I will participate in the contest again. In my opinion, there are three success factors in trading: 1.mastering the techniques; 2. controlling the emotions; 3. patience. I only used one technique during the contest and I’ve been using it for about 10 months. I use Fibonacci to be exact. I've been trading Forex for 3 years and so far my capital return is around 30%. So far, I’m not the best yet, but I’m trying to be the best.

Join the winners in OctaFX Champion demo contest Round 60! Just open a new account and start trading!

Become one of OctaFX Champions!

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