OctaFX Champion Demo Contest, Round 65: Indonesia leads the way

Round 65 of the OctaFX Champion Demo Contest is complete.

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

• 1st place with the award of 500 USD goes to Endi Wahyudi from Indonesia

• 2nd place with the award of 300 USD goes to Sukiyatno from Indonesia

• 3rd place with the award of 100 USD goes to Hansen Yosa from Indonesia

• The last runner in the contest, Hasan Sajali from Indonesia is awarded 100 USD

This month our traders learned the importance of experiencing losses, as well as profits. Focus, fundamental analysis, and sticking to their favourite individual trading strategies were the keys to success for this month’s Champion Demo Contest winners.

1st PLACE: ENDI WAHYUDI FROM INDONESIA

My strategy used fundamental analysis, so I spent the most time trading when big news events were happening. I opened trades when I was confident that the fundamental market analysis accurately corresponded with the economic calendar and news headlines. So far, I haven’t experienced any huge losses and I hope I never do. I’m very happy to be this month’s winner!

2nd PLACE: SUKIYATNO FROM INDONESIA

I’m so pleased to have achieved 2nd place in this month’s contest! At first, I thought I had no chance of success because so many others were taking part too, but I was excited and stayed focussed on my trading strategy. I’m thankful that everything went smoothly, although I did put a significant amount of time into participating. My ability to focus and be consistent was the key to my success. My strategy combines the supply and demand technique with candlesticks, and I stick with this approach. It turns out I made a good choice to trade GBPJPY and USDJPY, experiencing some loss early on in the contest, but recovering later.

I will definitely trade on a real account with my prize funds, hopefully I’ll make a profit.

3rd PLACE: HANSEN YOSA FROM INDONESIA

I’m feeling grateful for achieving 3rd place in the contest, and I’m excited to try trading on real accounts with my prize funds. My advice is to be patient and wait for the right moment to place a trade - I only trade during certain conditions using fundamental analysis, so I didn’t need to place trades every single day and I didn’t experience huge losses.

AND CONGRATULATIONS TO OUR LAST RUNNER HASAN SAJALI FROM INDONESIA

I’m very pleased with my position, but I did make a few mistakes because I had a strong ambition to win first place. I learned a lot from taking part in the OctaFX Champion Demo Contest, with a mix of big profits and also some significant losses during the first week. My preferred strategy is to use Fibonacci. I think it really depends on who a trader learns from and how they interpret market analysis, but I believe it’s possible to become a good trader within one year.

Become an OctaFX champion

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