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.

Join OctaFX Champion Demo contest to win!