Thread: OctaFX - Where people meet profit

CHANGE IN TRADING CONDITIONS
DUE TO FRENCH PRESIDENTIAL ELECTION

We’d like to inform our account holders that our marginal requirements will change on 24 April 2017 due to the presidential election in France. The following changes will apply from 00:00 EEST 24th April 2017 until 00:00 EEST 25th April 2017.

Leverage will be lowered to 1:200 on currency pairs, 1:50 on metals and crude oil and 1:10 on indices.

High volatility is expected after the announcement of the first round results, with gaps on trade opening. Please consider this information when planning your trading.

Be aware that further changes may be made depending on market volatility. We apologise for any inconvenience this may cause. Get in touch with our Customer Support team if you have any questions.

OctaFX takes pride in offering its account holders a safe and stable trading environment. We’re taking these steps to help manage risk and ensure we maintain a service that puts our clients’ needs and satisfaction first.

Thanks for choosing OctaFX as your preferred forex broker!

FXEmpire published a review on OctaFX

"OctaFX is a leading online Forex and CFDs broker that was established in 2011. The brand is owned and managed by Octa Markets Incorporated, a company registered on the islands of Saint Vincent and the Grenadines. Their registered office is located at Cedar Hill Crest, P.O. Box 1825, Villa, St. Vincent and the Grenadines. Using the latest technology, OctaFX is able to provide quality forex brokerage services to clients in more than 100 different countries around the world. Operating with full compliance of international regulatory standards and legislation, OctaFX aims to gain the satisfaction and trust of every client that they serve by fulfilling all their trading needs and requirements."

Read more here or watch the video right now!

CHANGES IN TRADING SCHEDULE FOR UK AND EUROPE PUBLIC HOLIDAYS ON 1ST MAY 2017

OctaFX would like to inform you of the changes in the trading schedule on 1st of May.

Monday 1 May, trading on FRA40, EUSTX50, GER30, ESP35, UK100 instruments is closed.

Remember that any trades that are open at the time trading closes will be rolled into the next day.

You can talk to our Customer Support team 24 hours a day, 5 days a week.

If any failures occur, please report them immediately to [email protected]

Thanks for choosing OctaFX as your preferred forex broker!

CHANGE IN TRADING CONDITIONS DUE TO SECOND ROUND OF FRENCH PRESIDENTIAL ELECTION

We’d like to inform our account holders that our marginal requirements will change due to the second round of the presidential election in France. The following changes will apply from 00:01 EEST Friday 5 May 2017 until 23:59 EEST Monday 8 May 2017.

Leverage will be lowered to 1:200 on currency pairs, 1:50 on metals and crude oil and 1:10 on indices.

High volatility is expected with the announcement of the second round results, with price gaps on order opening. Please take this into account when planning your trading.

Be aware that further changes may be made depending on market volatility. We apologise for any inconvenience this may cause. Get in touch with our Customer Support team if you have any questions.

OctaFX takes pride in offering its account holders a safe and stable trading environment. We’re taking these steps to help manage risk and ensure we maintain a service that puts our clients’ needs and satisfaction first.

Thanks for choosing OctaFX as your preferred forex broker!

OCTAFX CHAMPION DEMO CONTEST, ROUND 62: VALUABLE LESSONS AND PROFITABLE TRADES

The end of April marks the end of Round 62 of the OctaFX Champion Demo Contest. 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 Anggun Dwi Octaviana from Indonesia

2nd place with the award of 300 USD goes to Cok Raka Trisnu Yudhana from Indonesia

3rd place with the award of 100 USD goes to Said Yacouti from Morocco

The last runner in the contest, ChieuD from Vietnam is granted 100 USD

We spoke to our winners to find out how it really feels to be an OctaFX Champion, and what techniques they used to reach the top.

1ST PLACE: ANGGUN DWI OCTAVIANA FROM INDONESIA

I never dreamt I’d be the winner. I focussed on trading well and on being efficient with my time, rather than spending all day trading throughout the contest. This success will definitely motivate me to take part in other contests. I’m not afraid to try new or different things, and I think that contributed to my success on this occasion, as well as keeping a close eye on market conditions and recognising flaws in my own analysis.

My strategy was all about observing candle chart patterns in MT4, and carrying out detailed analysis on historical patterns. My most spectacular gain to date is this win, but I’ve suffered losses in the past when I’ve been defeated in previous rounds of the contest. I think it takes at least a year to learn to become a good trader.

2ND PLACE: COK RAKA TRISNU YUDHANA FROM INDONESIA

I’m very grateful to OctaFX for running this contest and I hope they continue to be successful.

At the beginning of the contest, I spent a lot of time analysing prices to determine when to open a position, but as time went on and I reached 2nd place, I decided not to open any new positions. Part of my strategy is to avoid potential errors in my analysis. I have a lot of patience and don’t believe in rushing to try to be the best. I always use technical and fundamental analysis when trading, but I know that an analysis is just an analysis and I think that works in my favour.

I experienced minus floating several times on some open positions, but I didn’t see any major losses because I implemented a cut loss risk strategy when planning my trades. I earned several significant profits - I believe probability is the key to profiting.

It takes over a year to become a successful trader, and requires focus and dedicated study. For me, using multiple types of analysis doesn’t work - if there are too many analytical concepts to consider, I make too many assumptions and less decisive when opening positions.

3RD PLACE: SAID YACOUTI FROM MOROCCO

Wow, it feels good to be an OctaFX Champion! I watched the competition closely throughout the last month and gave a lot of thought to each trade. I plan to participate in other promotional contests following my success in this round.

The key factor of my success was close mid-term analysis for the duration of the contest. My strategy can be described in one simple phrase: buy at low prices and sell at high prices. I learn a valuable lesson during this contest and noticed that I suffered more losses when I used a long-term strategy.

I’m still learning how to trade so I couldn’t tell you how long it really takes to become successful. I think everyone has the potential to be a good trader by demonstrating patience and control.

Thanks for choosing OctaFX as your preferred forex broker!

OCTAFX LAUNCHES DAILY MARKET FORECAST WEBINARS

OctaFX now delivers ready-made trading tips direct to your door, every weekday morning

We’re excited to announce the launch of our brand new Daily Market Forecast webinars, covering the most relevant news about global events and economic releases, chart patterns, the hottest technical analysis and new trading ideas for major pairs. You’ll also learn how to use the AutoChartist plugin to identify actionable trading opportunities.

Dan Blystone, Market Strategy Expert, will host this series of daily webinars. Dan worked in the futures industry in Chicago as a floor clerk, trader and broker. Dan’s also contributed to FXStreet.com.

OctaFX is committed to providing customers with meaningful trading insights, education, risk parameters and explaining trading ideas, on a daily basis. We invite everyone to register and join these webinars to energise your trading strategy and start the European session with fresh trading insights every day.

The Autochartist plugin provides chart patterns and trends enabling traders to make informed trading decisions and achieve a higher percentage of profitable trades. If you'd like to know more about Autochartist, get in touch with our Customer Support team.

We also welcome your feedback. Get in touch with [email protected] and tell us which topics you want to see in these webinars.

Register today, move to the next level in your trading tomorrow.

OCTAFX CHAMPION DEMO CONTEST, ROUND 63: INDICATORS OF SUCCESS

Round 63 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 Boery Waluyo from Indonesia
2nd place with the award of 300 USD goes to Giana Winda Putri from Indonesia
3rd place with the award of 100 USD goes to Tan Wai Chew from Malaysia
The last runner in the contest, Seregey Kuchmenko from Uzbekistan is granted 100 USD

Patience, analysis and perseverance. Have you got what it takes to become a champion? May’s winners do. Read on to learn how they trade to succeed.

1ST PLACE: BOERY WALUYO FROM INDONESIA

I’m very happy to have won first place in this month’s OctaFX Champion Demo Contest and I’d love to take part in future contests after this success. My technique involved simple analysis to define whether the market was bullish or bearish before opening a trade. Once I’d placed a trade, I used the Fibonacci indicator to identify key levels of support and resistance. The Fibonacci level was my profit target. I tried to avoid the scalping technique and stick to my own analysis of technical movements in the market. As well as using the Fibonacci indicator, I also used EMA 34, EMA 5, EMA 7 and RSI (Relative Strength Index) indicators to understand the direction of the market.

All of my trades during the contest achieved profits - this was totally unexpected. I always calculate my profit based on the amount of points or pips that could be reached; in my opnion, the more pips we achieve, the better our trading strategy.

I can’t put a time on how long it takes to become a good trader because market conditions are so dynamic. The more a trader observes and understands market conditions, the better chance they have of becoming a good trader. I believe we can learn from each other in order to improve our individual trading strategies.

2ND PLACE: GIANA WINDA PUTRI FROM INDONESIA

It feels great to be one of this month’s winners! I really enjoyed taking part in the contest, but I only traded occasionally. It’s true that you don’t need to dedicate all of your time to trading in order to succeed! I’ll definitely participate in the next round in June.

My strategy is all about fundamental analysis and plenty of patience. I opened trades to coincide with important news releases and analysed the nature of the news stories due to be released each day according to the economic calendar. Using this technique I earned 250 pips as a result of a news release affecting NZD. I think you can expect to become a good trader after one year of continuous learning - that’s the part that requires dedication.

3RD PLACE: TAN WAI CHEW FROM MALAYSIA

I was so surprised when I found out I’d achieved 3rd place in this month’s OctaFX Champion Demo contest. I’ve been trading forex for over three years now but I don’t use a specific strategy, I rely on my experience and gut instinct. I use H4 charts because this is the most time-efficient technique for me. I don’t think I’m an outstanding trader, but I believe I have the right mentality (and perhaps some luck! I didn’t suffer any significant losses during the contest). In my opinion it takes at least a year to become a good trader, as long as you have the right attitude.

In the retail market place there are thousands of brokers to select. Each and every broker offers several trading special facilities to the traders which differ from broker to broker. But regulation is a big fact. With the increased number of traders brokers are also increasing at an alarming rate. But by checking the regulation I have chosen Trade12 broker for me. It is the best broker to the both long timers and scalpers.

NEW SCOOTER PROMO BY OCTAFX:

Win a scooter every week with Octafx!
Learn more here!

MAKE SMARTER TRADING DECISIONS WITH OCTAFX MARKET INSIGHTS

We’re excited to announce the recent launch of all new Market Insights from OctaFX, your go-to source for real-time trading insights every day Monday to Friday.

See more success with the help of our daily and weekly forecasts and reviews, plus many actionable trading ideas updated live throughout the day. Don’t miss an opportunity to profit, follow every update @OctaMarket on Twitter.

Our team of experienced forex analysts delivers the latest technical and fundamental insights direct to you, the trader, to inform your trading and success. OctaFX Market Insights includes charts patterns, channels and major levels. Plus, traders can benefit from easy to understand commentary on the fundamental factors that make the markets, making it simple to plan how you could profit from the outcomes of global news events.

Take these insights, combine them with our weekly webinars, build on your forex education and apply these learnings to your trading. We wish you a successful day in the market, every day.

Thank you for choosing OctaFX as your preferred broker!

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