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Winners of 28th Round cTrader Weekly demo contest announced!

The new round of the long running cTrader weekly demo contest is over, now we will announce the winners’ names. The best traders of the round are awarded with our $400 prize fund. While we congratulate five newly emerged winners, we welcome all the traders to register for the next round. Now let´s meet the distinguished winners of Round 28 cTrader Weekly demo contest:

1st place with the award of $150 goes to Mr. Asel from Indonesia.
2nd place with the award of $100 goes to Mr. Raheel Ameer from Pakistan.
3rd place with the award of $75 goes to Mr. Wali Muhammad Bhatti from Pakistan.
4th place with the award of $50 goes to Mr. Crescencio Florento from Philippines.
5th place with the award of $25 goes to Mr. Karim Said from United Kingdom.

We would like to cheer up all the traders who participated but couldn’t get to the top 5. We believe that you will improve yourself in the coming rounds. Register now, and explore all the advantages of cTrader Weekly demo contest. cTrader Weekly demo contest is devised specifically for upgrading your trading skills!

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EUR/USD ready to resume the downside?

FXStreet (Edinburgh) - After hitting multi-month peaks just above 1.1700 the figure following Chinese events, EUR/USD has been retreating since then and is currently about to close its second consecutive week in red figures.

Fed’s lift-off in September?

Positive readings from the US labour market during August have teamed with previous auspicious results in the US economy, particularly the better-than-expected GDP revision for the second quarter.

All adds to increasing market expectations of the Fed resuming its normalization of the monetary policy this month after almost a decade, giving at the same time fresh oxygen to the greenback and opening the door to a resumption of the broader bearish prospect for the pair, that is, the divergence in monetary policy by the ECB and the Fed.

Hence, the possibility of the Fed hiking rates this month plus the return of the activity in the Chinese markets on Monday emerge as the main drivers for the global sentiment in the upcoming sessions.

OctaFX is happy to announce the winners of
Round 44 OctaFX Champion demo contest!

Round 44 of OctaFX Champion demo contest is over, and we are happy to announce the winners! The battle was fierce, so three lucky traders can be called the real champions. They share the $1000 prize fund. If you want to follow their example and test your trading abilities, register for the demo contest here. Try your luck and test your trading skills to get an amazing opportunity to win the next Round of OctaFX Champion demo contest. Now let’s congratulate four champions of Round 44 who will be mentioned in the lists of OctaFX Hall of Fame:

● 1st place with the award of 500 USD goes to Mr. Alexey Melnikov from Kazakhstan
● 2nd place with the award of 300 USD goes to Mr. Supriadi SH from Indonesia
● 3rd place with the award of 100 USD goes to Mr. Alfi Hendri from Indonesia
● The last runner in the contest, Mr. Srini Vasa from India is granted 100 USD

This contest is created specifically for those traders, who want to test their trading skills on a demo platform and gain more trading experience. However, we welcome all participants: even the experienced traders are welcome to take part in OctaFX Champion demo contest. The prizes are real, which makes the contest even more challenging! We inspire the new traders with the success stories about our champions who share their strategies, tactics and useful tips. Stay tuned: we will publish the new success story soon for you to know more about the winners of Round 44 and their strategies! We want to thank all the traders who took part in Round 44. Registration for the new Round has already started, so don’t miss your chance to try all the benefits of OctaFX Champion demo contest and win a valuable prize!

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OctaFX congratulates
Round 29 cTrader weekly demo contest
winners!

We are delighted to let you know that the results of Round 29 cTrader weekly demo contest have already arrived and newly-awarded winners celebrate their victory! Round 29 participants who showed their best trading performance share $400 prize fund. While we congratulate five lucky winners, we encourage all traders to register for the next round and compete for the real prize!

We are glad to award prizes to the distinguished winners of Round 29 cTrader weekly demo contest:

● 1st place with the award of $150 goes to Mr. Dedi Monalianto Saputra from Indonesia
● 2nd place with the award of $100 goes to Mr. Imam Sugiono from Indonesia
● 3rd place with the award of $75 goes to Mr. Asel Asel from Indonesia
● 4th place with the award of $50 goes to Mr. Santhoshkumar Latchathipathi from India
● 5th place with the award of $25 goes to Ms. Lia Listiawati from Indonesia

We thank all traders for participating in our advanced cTrader Weekly demo contest, and we hope that you have enjoyed it. You still have a chance to make your trading even more entertaining and show your abilities by joining the next round of this outstanding contest that will start just in several days. It’s high time to discover cTrader advantages and win OctaFX prizes!

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GBP/USD deflates to 1.5130 on UK data

FXStreet (Edinburgh) - The sterling is losing its shine during the European morning, now dragging GBP/USD to the 1.5140/30 area.

GBP/USD weaker on UK job figures

The pair has surrendered part of the initial strength after UK’s Claimant Count Change has increased by 3.3K during October vs. 1.5K expected and 0.5K previous. Further data saw the unemployment rate ticking lower to 5.3% in September while Average Earnings have come in below expectations.

Ahead in the session, the pound will remain under pressure in light of the speech by Governor M.Carney, while the renewed dovish stance from the BoE at its meeting last week still lingers over the markets.

GBP/USD levels to watch

At the moment, the pair is advancing 0.17% at 1.5143 facing the next resistance at 1.5204 (38.2% of 1.5496-1.5023) followed by 1.5233 (7-month uptrend prev. support now resistance) and then 1.5314 (55-day sma). On the other hand, a break below 1.5023 (low Nov.6) would aim for 1.4948 (low Jan.23) and finally 1.4563 (2015 low Apr.13).

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Our Round 44 OctaFX Champions talk about their key to success!

The winners of our Round 44 OctaFX Champion demo contest have already shared their stories of success with us! It’s always inspiring to get the view of the contest from the leaders themselves, so, we can’t wait to offer you to enjoy the experience and impressions of our champions. Read, learn, show your best trading strategies and next success story might be about you! Let us remind you the names of the winners of round 44:6

1st place with the award of 500 USD goes to Mr. Alexey Melnikov from Kazakhstan
2nd place with the award of 300 USD goes to Mr. Supriadi SH from Indonesia
3rd place with the award of 100 USD goes to Mr. Alfi Hendri from Indonesia
The last runner in the contest, Mr. Srini Vasa from India is granted 100 USD

1st place – Mr. Alexey Melnikov from Kazakhstan

Thank you very much OctaFX, I'm very happy to win this contest. I tried my best, firstly, I was on the 3rd place, but then the other two participants were disqualified...so, never give up, I'm very happy now. I didn’t spend too much time to succeed in this competition, only the last day was rather involving. I haven’t decided yet about my participation in other OctaFX contests, probably, I will try. My recipe to success is be risky! I wasn't better than other traders, but I was risky, my last deal was perfect, big volume - big profit. Practically, these factors determined my victory! My main strategy was to predict reverses and follow a trend. To tell the truth, my biggest profit is winning in this competition, because I am only doing my first steps, I’m just learning. So, my win could become a great inspiration to newcomers!

2nd place – to Mr. Supriadi SH from Indonesia

I am very happy to stand second on the list of the OctaFX Champion demo contest. I have never thought that I would become a winner! Talking about my involvement in the contest I can’t say that I spent too much time - only a few minutes and not even every day. Moreover, I think that the time has come and I will definitely participate in the other contests and promotions of OctaFX. Frankly, the key to my success is very simple - observe market movements and when the current market situation is good, enter the market! I used no particular strategy, my advice is just to learn and learn to trade Forex on a regular basis. I want to repeat that I am satisfied enough to be the second in this race, which I have never imagined! What I like most is that I have never experienced substantial losses. I believe, it might require more than a year to become a good trader.

3rd place – to Mr. Alfi Hendri from Indonesia

I was very thrilled during this round of the contest and I would like to thank OctaFX for providing us with such a competition! I devoted only some time to the contest, actually, I traded when I was not busy. I am very excited about the OctaFX promotions and I will continue to participate in any of them. My successful trading is based on three elements: patience, discipline and time management. I developed and followed my own plan and used the existing techniques. Honestly speaking, I made quite a big profit, my loss is small compared to my gain. I believe that it takes about 5 years to become a good trader. To my mind, if you want to gain success, improve yourself every day!

We would like to thank the traders for sharing their success stories, as well as all traders who have participated in the competition. We hope that these stories got you inspired! Join our next round registration for the contest to become a champion and find your story in our news! Next round is yet to come and open for all participants!

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Trading season is on!
OctaFX announces new demo contest!

OctaFX Southampton Supreme Game demo contest is here!
We’ve developed a new trading demo contest dedicated to our partnership with Southampton FC!
It lasts for 90 minutes and brings you unlimited prize fund! Exciting? See for yourself:

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GBP/USD remains vulnerable – Commerzbank

FXStreet (Edinburgh) - In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair remains vulnerable after being rejected from the 1.5340 area.

Key Quotes

“GBP/USD’s burst higher has been thwarted by the 200 day ma at 1.5341and is back under pressure. We look for the correction higher to have terminated at 1.5337. Resistance above here intensifies we have the 1.5397 resistance line then the 1.5515 October high”.

“Below 1.5107 (October low) is needed to refocus attention on the downside towards 1.5020/00 and below 1.5000 will target initially the 1.4860/78.6% retracement of the move up from April. This is regarded as the last defence for the 1.4568 April low”.