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OCTAFX CHAMPION DEMO CONTEST, ROUND 66: DISCIPLINE AND NEWS TRADING

Round 66 of the OctaFX Champion Demo Contest has now finished.

Congratulations to four traders who share the prize fund of 1000 USD this month!

  • 1st place with the award of 500 USD goes to Md Abdul Awal Rafsun from Bangladesh

  • 2nd place with the award of 300 USD goes to Afreen Roshan from Pakistan

  • 3rd place with the award of 100 USD goes to Robi Hartono from Indonesia

  • The runner-up, Ayu Rahayu from Indonesia, receives 100 USD

Our new winners have shared their feelings and thoughts on the last round, and revealed the key factors in their success. Read our interview with the best traders in Round 66 of the OctaFX Champion Demo Contest to find out their secrets.

1ST PLACE: MD ABDUL AWAL RAFSUN FROM BANGLADESH

The moment I saw the mail that said I won the contest in the first place, I felt great. That is the first time I came first in a contest. Although it didn't consume all of my time, I frequently checked the prices and contest stats. It was a big patience test for me, as I waited for a good entry each time. I didn’t place a single trade in the last week of the contest, as I couldn't find a good entry for me to place a trade!

My strategy is purely technical analysis, which includes price patterns on the higher timeframe, Fibonacci retracements, Ichimoku cloud, support-resistance and MACD. I kept an eye on the fundamentals, mainly on the economic calendar.

Winning inspired me a lot to attend to future promotional contests. I have been studying and trading in the Forex market for two years, but I believe I have a lot to learn to become a consistently profitable trader. The more you watch the charts, the more your brain grasps. Finally patience is the key. I check the prices frequently, but I only place a trade when it seemed valid to me. Good luck for everyone.

2ND PLACE: AFREEN ROSHAN FROM PAKISTAN

It is amazing for me to win the contest, because I was thinking of becoming an OctaFX Champion for a long time. Unfortunately I didn’t get the first rank, but I will try again next time. I spent time on the contest only trading on the trend and news. First I trade the trend and then trade after the news with medium risk. My last trade USDJPY was lost with the touch of stop loss. But if I had selected a better range for stop loss then I would have been in first place.

I cannot miss any promotion from OctaFX, because they are very good. I have been a trader for two years now and I see myself as a good trader. I don’t have any unique strategy, I go along with the trend.

3RD PLACE: ROBI HARTONO FROM INDONESIA

I am very happy to take the third place in the contest. Although I didn’t spend a lot of time on the contest, the key factor of my success was market analysis and discipline. My best strategy is following candle patterns. In one year anyone can become a good trader. I will definitely participate in more OctaFX promotions.

 

Become an OctaFX champion!

Reach the next level of your trading career. Profits equal cash prizes, so register today to take part in the next round of the OctaFX Champion Demo Contest.



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