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