OctaFX Discussion

[OctaFX]

US Memorial Day Trading Schedule​

OctaFX would like to inform you of the changes in the trading hours of XAU/USD and XAG/USD on US Memorial Day May 30. Trading closes Monday, May 30, 2016 at 20:00 (EET, Server time) and reopens Tuesday, May 31, 2016 at 01:00 (EET, Server time).​

Here is the timetable for your convenience:

Please, consider the fact that any open trades upon closure of trading hours will be rolled into the next day.

We would like to apologize for any inconvenience caused. Please, contact our Customers Support in case you have any questions. If any failures occur, please report immediately to support@octafx.com

Thank you for choosing OctaFX as your top-notch Forex Broker!

 

[OctaFX]

Facebook Non Farm Prediction contest!

US Non-Farm payrolls for May are to be released Friday, June 3! It's high time to offer you Facebook Non Farm Prediction contest! Analysts predict NFP to reach 170k this time.
Here comes your chance to be the greatest predictor and win $50!

To take part in the contest:
1. Leave a comment with your prediction of May NFP figures on OctaFX FB page!
2. Write your real account number beside your prediction in advance
3. Share the task with your friends publicly for us to be able to indicate it
4. Comments are valid up to the indicator announcement at 14:30 EEST (Friday, June 3, 2016).

Please note that we discourage multiple accounts and multiple comments and you can enter only once.

Forex trading involves a high degree of risk and may not be suitable for all investors.

Be the closest and win $50 for your prediction!

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[OctaFX]

OctaFX team are happy to present you the winners announcement for OctaFX Supercharged real contest!

https://www.facebook.com/video.php?v=1032081713505535

After 20 months of trading we congratulate Syed Yazid from Malaysia, Chin Heung of Hong Kong and Budi Santoso from Indonesia on winning these awesome prizes!
Stay with us to read winners interviews later in our company news!

 

[OctaFX]

OctaFX on Google+

OctaFX Official - Google + page is a verified account with official links to our news, as well as market events tracked and sorted out by OctaFX. We invite our traders and newcomers to follow OctaFX Official and stay tuned for the most recent posts and publications.
It is high time to follow OctaFX Official on Google+. Support your reliable and proven forex broker!

We use various social media channels to provide out traders and followers with the latest updates. Google + is growing rapidly and we aim at catching up with the trends!

Follow us on Google + and support us in keeping up with tendency!

Risk notice: your capital is at risk

OctaFX - keep trading, we'll take care of the rest!

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[OctaFX]

Congratulations on Ramadan 2016 from OctaFX

Dear traders!

OctaFX wants to congratulate all Islamic traders with Ramadan – the holiest and long-awaited holiday in the Muslim calendar. Ramadan is a time for spiritual reflection and self-devotion. It is one of the most important days of the year for Muslims.

OctaFX wishes the spirit of Ramadan fills your days with happiness and love.

May Allah, the almighty, enlighten you and bless you with peace and grace. This divine holiday will bring happiness to your home and lead you to the right path. Be respectful and thankful for everything! And may this Ramadan remind you to forgive and forget.

May the Spirit of Ramadan stay in your heart and illuminate your life!

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[OctaFX]

Welcome the new look of our Indonesian website!

Mitra Kukar team are currently competing in Torabika Soccer Championship and stay undefeated after 5 games played!

What makes OctaFX loyal to our Indonesian clients is support of the Indonesian community on the whole, especially through backing up sport and its development! Mitra Kukar Football Club is an Indonesian football club based in Tenggarong, Kutai Kartanegara, East Kalimantan competing in the Indonesia Super League. We confide in Mitra Kukar football team and their desire to win.


Become a champion with OctaFX!

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[OctaFX]

The first prize in Round 51 of OctaFX Champion demo contest became an anniversary gift

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Another Round of OctaFX Champion demo contest is over and we are happy to announce the winners! Here they are:

• 1st place with the award of 500 USD goes to Mr. Alexander Lukyanchikov from Ukraine
• 2nd place with the award of 300 USD goes to Mr. Zainal Abidin from Indonesia
• 3rd place with the award of 100 USD goes to Ms. Zunairoh Zunairoh from Indonesia
• The last runner in the contest, Mr. Alfredo Martinez Martinez from Spain is granted 100 USD

What strategy to choose? Is it a bad idea to put all eggs in one basket? Should you choose a single currency pair or to trade with a few of them? Can an old dog learn new tricks? Is the risk inevitable in Forex? If you are ready to get the answers to these questions, read the success stories of our winners:

1st place - Mr. Alexander Lukyanchikov from Ukraine
Thank you for congratulations! I’m happy to share my contest experience. Have you seen my avatar? I’ve been using it for a few years. It shows the goal that I was pursuing: at the beginning, I was looking in the mirror; now I’m looking out of it. I achieved one of my life goals and I’m happy. On July, 2nd, I’ll turn 65. Thanks to OctaFX, I made myself an anniversary gift. Judge for yourself: my Ukrainian pension equals to $51 a month. It’s a bit more than $600 a year.

I’ve been trading for 8 years and now I’m sure that choosing one currency pair is much better than watching a few pairs’ trends. If you work with just one currency pair, all your funds are localized, it’s easier to manage and control them. However, it may conflict with the idea not to put all eggs in one basket. My strategy is not that good with the sideways trend, but it was perfect with the May AUDUSD trend. In the second part of the contest I started making mistakes, so I tried hedging, and when I realized what my mistake were and I got profits.

I don’t spend all my time using this strategy: when I can’t predict the further movement, I wait for a couple of days to see the trend clearer.

The key factor of my success can be perfectly described by a quote by Mark Douglas:

“When asked for their secrets of success, they categorically state that they didn't achieve any measure of consistency in accumulating wealth from trading until they learned self-discipline, emotional control, and the ability to change their minds to flow with the markets. First, I want to point out that self-discipline, emotional control, and learning to change one's mind after making a commitment are all psychological issues that have nothing to do with news services, advisory services, new exchanges, or technical or fundamental trading systems - computerized or not. Second, from my trading experiences, observations, and research, I have discovered that all traders - both winners and losers - seem to share some very common experiences. Either in the beginning or at some point early in their trading career, all traders experience confusion, frustration, anxiety, and the pain of failure. The few-traders who pass through this phase to accumulate wealth are those who eventually confront and work through some very difficult psychological issues about what it means to be a trader, and this process of realization and change normally takes several years, even for the best of them. … There is some element of truth to the saying that you can't teach an old dog new tricks, except that it should really read "An old dog won't learn new tricks". It's not that it is impossible for someone regardless of their age to learn something new; the issue isn't ability.”

2nd place - Mr. Zainal Abidin from Indonesia
I am very glad to get second place this time, all my efforts paid off! Time that I use to trade is around 3-4 hours per day. I try to be as disciplined as I can without to much greed. That's the key to my success. And the strategy that I use is SR and MM. I've been trading for about 2-3 years and I am determined to improve my ability to be better. Thank you, OctaFX, for already appreciating my trading skills!

3rd place - Ms. Zunairoh Zunairoh from Indonesia
I’m happy like never before! It’s great to become one of the winners. I didn’t spend too much time trading but, anyway, I was deeply involved. Now I’ll take a short break and won’t trade for some time not to dull the edge of the winner’s pleasure. Then, I will surely go on competing again. I firmly believe that it’s experience that teaches us to be better and to do better. Preferably, 3 years or more - that’s enough to become quite a pro in trading. Experience and patience are the key elements in successful trading. As far as my experience says, the existing Forex data doesn’t necessarily affect the chart, so my advice is not to believe the data blindly. This strategy has always helped me, especially when I got 100 pips in a single transaction.

The last runner in the contest - Mr. Alfredo Martinez Martinez from Spain
I plan to considerably improve my performance in the next round of the contest. I learn a lot when I trade, so this time I learned that it’s rather dangerous to trade with the high leverage, especially if it’s all about the highly volatile assets. Anyways, to win the contest, you have to accept this risk, and risk means losses but also higher gain. Very large gains are needed to qualify for any prize position in the contest.

I didn’t use stop loss this time in hope that the asset would spin in my favor, but the trend was the opposite. As the leverage was very high, it was really quick. This is a contest, so I didn’t lose any real money; I became the last runner which is not so bad considering the prize. So this contest, is anyway, worth accepting the risk. No risk - no gain.

During the contest, I was continuously monitoring the market with periodic checks (every 3-4 hours). At first I got very good yields, but at the end of the first week my balance turned negative. However, my most successful operation was Buy with EURCAD. My favorite tools were Crossing Moving Averages and Awesome Oscillator.

I guess time is different for each person and their circumstances, but I’ve been trading for two and a half years trying many things, and I think I'm close to being a good trader. Now what I need to do is to trade for some time on a demo account just for the sake of practice.

Feeling inspired? Register in the upcoming round and become one of OctaFX Champions!

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[OctaFX]

Saints Foundation score at Saint Mary's stadium with the help of OctaFX​

Football is a big part of our society and is world-recognised as a universal sport in many countries. It educates and inspires people of all ages, brings people and communities together.

OctaFX, in conjunction with the Saints Foundation, Southampton FC kindly donated pitch playing time for a lucky group from the Fustal programme. We are helping to enable young people to gain an education while playing the sport.

The Saints Foundation’s Futsal and Education Scholarship was created in 2011 and started with 16 scholars. The course now has 76 full-time scholars, including the club’s first ever girls’ team who are currently fourth in the league.

OctaFX has recently helped facilitate the opportunity for a group of young people to play within Saint Mary's stadium. An experience such as this has given these young people a much deserved reward and morale boost for all their hard work, during their past 2-years of study. On the day, a great game was played by both teams and the players enjoyed the event immensely.

This combination of studying and playing sport has proved incredibly successful, with former students now undertaking football scholarships in the US, university study in the UK, and work opportunities with the Saints Foundation itself.

Many students from the group that played have been accepted to universities. The group who play at Saint Mary's stadium on this day were also crowned FLT Fustal League 3 and League 4 National Champions as well as League 2 runners up.

As the scholars come to the end of the year they will be working hard to complete their studies before they go to compete in the FLT Futsal National Finals for the last time.

OctaFX is proud to be associated with the Saints Foundation as they are encouraging the youth of today to aspire through sports education, ensuring a brighter future.

 

[OctaFX]

OctaFX: changes in trading conditions for the June 23rd Brexit vote

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The “Brexit” vote, taking place on the 23rd of June this year, on whether or not there should be a British exit from the EU, is an important day to be aware of for OctaFX customers.

OctaFX is responding to the increasing probability that there could be some changes in the currency markets, therefore, OctaFX will update its trading conditions.

Due to the Brexit vote, OctaFX will increase margin requirements on all pairs, that include British pound (GBP) and the Euro (EUR), starting from June 23rd until June 27th. The margin requirements are going to be increased to 1 per cent on the GBP pairs (1:100) and to 0.5 per cent on the EUR pairs (1:200). On the day of the referendum, June 23rd, margin requirements on the British pound pairs can be increased to 2% (1:50).

This vote is something that traders and markets cannot ignore.

Also, please be aware that there are always potential risks, OctaFX would like you to make you aware that the requirements can be changed depending on market volatility.

 

[OctaFX]

Technical Analysis quiz

Take a technical analysis quiz at our website and find out how well you know Forex trading basics!
You can now check if you are proficient in Technical Analysis by answering a quiz from OctaFX!


Leave your score here!

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[OctaFX]

OctaFX demonstrates reliability during Brexit vote market turmoil
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OctaFX would like to let you know that company’s financial position has not been negatively affected due to today’s market volatility caused by Britain’s decision to leave the EU.

Both outcomes of the referendum were carefully studied by our experts, therefore high volatility came as expected. In order to prevent any additional risks occurrence we have taken measures to protect our clients’ interests in advance, increasing margin requirements.

OctaFX remains fully reliable and solvent facing significant market moves caused by Brexit. Thanks to the advanced risk management procedures and extensive experience in operating under volatile market conditions OctaFX has managed to minimise the risks associated with the event.

In case you have any questions, don’t hesitate to contact our award-winning Customer Support:support@octafx.com.

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[OctaFX]

How to start trading in 4 easy steps

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1. Register with OctaFX by opening an account.
   Having an account allows you to access your personal area on our website and to trade with OctaFX. Once registered, please check your email to find out your personal area login details and trading account credentials.
   Personal area login details will allow you to manage your funds, get bonuses and take part in our promotions, while trading account credentials are used to access trading platform.
2. Make a deposit.
   Login to your Personal area to make a deposit. At OctaFX you can start trading with a minimum of $5 although the initial deposit can be higher. According to Risk Management strategy, the more funds you have, the less risks you are exposing yourself to on a particular trade.
   We don’t charge any commissions on your deposit and our withdrawal systems work efficiently to help you withdraw your profits.
3. Sign in to the web based platform.
   The web based platform requires no installation and allows you trade from any device anytime. To sign in, click File->Login, enter your account number into “Login” box, along with your trader password that was sent to your email address into the “Password” box and select OctaFX-Real, if you sign in with a real account. Alternatively, you can trade from your desktop, iOS or Android device.
4. Click “Buy” or “Sell”
   The web based platform requires no installation and allows you trade from any device anytime. To sign in, click File->Login, enter your account number into “Login” box, along with your trader password that was sent to your email address into the “Password” box and select OctaFX-Real, if you sign in with a real account. Alternatively, you can trade from your desktop, iOS or Android device.

Want to know more? Visit our education section!

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[OctaFX]

Independence Day Trading Schedule Update

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OctaFX would like to inform you of the changes in the trading hours of XAU/USD and XAG/USD pairs only, on Independence Day, July 4th.

Trading closes Monday, July 4th, 2016 at 20:00 (EET, Server time) and re-opens Tuesday, July 5th, 2016 at 01:00 (EET, Server time). Below is the timetable for your convenience:

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Please, consider the fact that any open trades upon closure of trading hours will be rolled into the next day.

We would like to apologize for any inconvenience caused. Please, contact our Customers Support in case you have any questions. If any failures occur, please report immediately to support@octafx.com

Thank you for choosing OctaFX as your top-notch Forex Broker!

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[OctaFX]

Round 52 of OctaFX Champion demo contest: time to know the winners!

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The results of Round 52 of OctaFX Champion demo contest are here, so let’s meet some and congratulate our recent winners who shared the prize fund of $1000. They 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 Ms. Nur Maid from Indonesia.
• 2nd place with the award of 300 USD goes to Ms. Nur Hasyim from Indonesia.

Do you want to learn how to trade so that you keep winning? Just read these success tips from our best traders!

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: Ms. Nur Maid from Indonesia
Thank you for your kind wishes! I am very happy to be in the first position this time, because of the efforts that I've done so far, finally bearing fruit! I trade every day and also will try another contests.

The key to my success is patience and the strategy that I used is SnD and good MM. I have been trading for the past 6 years and I am determined to improve my ability to be better. Thanks to OctaFX who have appreciated my trading skill!


2nd place: Ms. Nur Hasyim from Indonesia
I´m very proud and happy. I didn't spend a lot of time doing this. I will participate in future contests and other promotions while continuing to learn and how to trade, probably because I've been using MM wisely.

The strategy I used is reading the area of supply and demand, therefore I could predict where the market will move. Could I win the contest - no, because I only use the little money I have, to learn about trading. Traders need to learn to be patient.

Are you ready to try the OctaFX Champion demo contest yourself? It just takes a few moments to join our fantastic contest. Just register here and accept the challenge!

Join the OctaFX Champion Demo contest to have a chance to win!

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[OctaFX]

Introduction of Metatrader 5 Trading platform demo mode

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The new MetaTrader 5 trading platform is designed to offer practice at brokerage services to customers in Forex, CFDs and Futures, along with equity markets. That's why we would like to announce that we are offering this version of demo trading along with our established demo accounts, for our customers.

Demo accounts allow the opportunity to work in a training mode without real money, allowing users to test a trading strategy. They offer all the same functionality as the live ones. The difference is that demo accounts can be opened without any investment and, therefore, a user does not profit from them.

It is a powerful demo platform for Forex and Exchange markets. With this platform, it offers the best demo trading platform, thus enabling you to practice execution of trades.

The MetaTrader 5 application features netting and hedging systems, 31 technical indicators, 23 analytical objects, one-click-trading and the entire set of trading orders. The program interface has been translated into 41 languages making it a truly international platform for web traders around the world!

Millions of users from around the world have chosen MetaTrader 5 demo trading as it allows you to enjoy the independence of practice without any risks.

The application is a mixture of the key advantages of the desktop platform with the handiness of the cross-platform nature of the web terminal. MetaTrader 5 can be applied to the following:

● MetaTrader 5 demo for PCs, smartphones, and tablets or launch the web platform - Rich trading functionality with fundamental and technical market analysis.

● MetaTrader 5 demo for iPhone and iPad - Over a million users of Apple devices have already downloaded MT5 demo mobile to practice trading Forex, Stock and other securities.

● MetaTrader 5 for Web Trading - Allows you to practice trading on the Forex and exchange markets from any browser and operating system.

● MetaTrader 5 for Android - Download MetaTrader 5 demo on your Android OS smartphone or tablet.

Successful practice trading on financial markets begins with a comfortable and multi-functional demo trading platform.

 

[OctaFX]

Local banks deposits are now available for our Indian clients​

We are happy to announce a deposit option that has been highly requested by our Indian customers. We’ve recently launched Indian local bank deposits and you are free to deposit and withdraw your funds easily using the following banks:

● AXIS
● HDFC

Here is a detailed instruction how to deposit to your account:

1. Open a real OctaFX account or Log in to your personal area.
2. Choose Indian banks in the “Deposit my account” section.
3. Choose “Wire the funds” and find OctaFX bank details.
4. Make a transfer to OctaFX bank account. The minimum deposit amount is 500 Indian rupees
5. Press the “Notice after transfer” button.
6. Create the “Notice” and specify the amount of the deposit, your payment method, time of payment and your bank name.
7. Press the blue “Request” button.
8. Wait until the request is processed.
9. Done, your account is credited!

We offer the best exchange rates as per central bank. We would like to remind you that we charge no commissions! The minimum deposit amount is only 500 Indian rupees.

In case you have any questions, please don’t hesitate to contact us.

Thank you for trading with OctaFX!

 

[OctaFX]

Round 53 of OctaFX Champion demo contest: time to know the winners!

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The results of Round 53 of the OctaFX Champion demo contest are out, so let's meet and congratulate our recent winners who shared the prize fund of $1000. They were happy to give us their insights into their trading methods and successes.

● 1st place with the award of 500 USD goes to Mr. Indra Sakti Laksana from Indonesia.
● 2nd place with the award of 300 USD goes to Mr. Ibnu Hajar from Indonesia.
● 3rd place with the award of 100 USD goes to Mr. Budiman from Indonesia
● The last place is Ms. Insana from Indonesia who has won 100 USD

To gain some more insight and tips - just read the following interviews from our successful traders!

1st place: Mr. Indra Sakti Laksana from Indonesia
I am very happy to be a winner with OctaFX. I do not spend a lot of time trading, but it takes a lot of concentration to keep up with all the participants. I will take part in every contest whenever possible to practice and focus more. Within trading I use a combination of various analyses of the current price conditions. I have not experienced anything spectacular but it depends on the individual trader.

2nd place: Mr. Ibnu Hajar from Indonesia
I am very happy to be involved in the contest although I did not spend much time trading.
In the coming months I want to improve my trading knowledge and experience. My plan is to take part in the contest more often after my recent success to improve my chances of winning. Being disciplined in money management is important to trade well. My advice to help you trade better is that you need to see the bigger trading picture. I did not use many techniques, just the Bollinger Bands (BB). It has taken me approximately two years to develop a good understanding of the best strategies.

Bollinger Bands - this is a member of the “Trend” family of technical indicators within Forex trading. Traders use the bands to anticipate increases or decreases in volatility that can signal trend changes.

Last place: Ms. Insana from Indonesia
My plan is to do better in order to achieve better results. This experience has been a lesson for my trading skills. I normally do not spend a lot of time trading as I do it in my spare time. My most successful trade has been a profit of $1159.20. I used BBMA or Bollinger Bands (BB) when I traded recently. To be a good trader and knowledgeable, takes approximately two years I think.

It just takes a few moments to join our fantastic contest. Just register here and accept the challenge to be in with a chance to win!

Join the OctaFX Champion Demo contest today!

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[OctaFX]

Industry's best Islamic accounts
OctaFX Islamic account is a unique offer designed exclusively for Muslim traders!

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Islamic account has no swap applied during a rollover but a fixed fee instead. This fee is not an interest and primarily depends on the direction of your position.

You can calculate the commission of your particular trade using the special OctaFX tool here.

We care about our customers and we do our best to make their trading experience easy and convenient.​

Open an award-winning Islamic account with OctaFX today!

 

[OctaFX]

Round 50 of cTrader Weekly Demo Contest with OctaFX

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https://www.octafx.com/contests/ctrader/
Round 50 of cTrader Weekly demo contest is finally over, and it's our pleasure to announce the brand new winners of the contest!

Five skillful traders share the weekly prize fund of $400, and here they are:

• 1st place with the award of $150 goes to Mr. Dony Fitrah from Indonesia.
• 2nd place with the award of $100 goes to Mr. Rizwan Ahmed from Pakistan.
• 3rd place with the award of $75 goes to Mr. Grigoriy Danilov from Uzbekistan.
• 4th place with the award of $50 goes to Mr. Kirit Rupala from India.
• 5th place with the award of $25 goes to Ms. Sri Wahyuni from Indonesia.

The cTrader Weekly demo contest offers the ideal chance to win one of our valuable prizes while offering a risk-free option in demo trading. If you’ve never traded on cTrader platform before, it’s now your time to test its unique features such as:

• Mobile trading (mobile browser or iOS/Android app)
• Direct Market Access brokerage capabilities
• Creating and sharing screenshots automatically
• Algorithmic trading with cAlgo
• Full-size tick chart
• Reversing/doubling position in one click
• Closing all open positions in one click

This contest is an ideal option both for those who are testing their skills or starting out in the Forex market.

Are you ready to test your trading skills and win one of the prizes? Don't miss out! Then open a demo account to participate in the next cTrader Weekly demo contest round!

Don't forget to check our website for more great offers!

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[OctaFX]

50% deposit bonus for cTrader real accounts is now available

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Dear traders!

With the success and popularity of our promotion for users of MT4, we are now introducing it to cTrader users. OctaFX is all about driving Forex trading to new levels and we are proud to announce a 50% deposit bonus for cTrader users!

Enjoy trading and add half of your deposit as a bonus! Simply deposit funds to your account and you can choose what bonus you want to have - between 10% to 50% of your deposit. It is the perfect chance to increase your account free margin and potentially gain more profit.
Any user, whether new or existing, can enjoy the benefits of the offer. You can also choose to receive bonuses automatically via your Personal Area, every time you deposit to your account.

To receive this exclusive offer simply:

1. Register an account with OctaFX
2. Deposit funds to your account with no commissions
3. Get bonus

You can get bonus upon each of your deposits and it is withdrawable, please see rules.

OctaFX reserves the right to change, update or cancel this promotion with notification in the Company news.