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OctaFX Discussion
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[QUOTE="OctaFX, post: 119355, member: 34852"] [CENTER][U][SIZE=5][B]OCTAFX CHAMPION DEMO CONTEST ROUND 58: THREE MAIN SUCCESS FACTORS[/B] [B][img]http://i.imgur.com/pGvb5rC.png[/img][/B][/SIZE][/U][/CENTER] We are ready to announce the happy winners of OctaFX Champion demo contest Round 58! The prize fund of 1000 USD was shared by four traders, and this time they were: [LIST] [*][B]1st place[/B] with the award of [B]500 USD[/B] goes to [B]Mr. Karsono Muslamat[/B] from [B]Indonesia[/B] [*][B]2nd place[/B] with the award of [B]300 USD[/B] goes to [B]Mr. Said Yacouti[/B] from [B]Morocco[/B] [*][B]3rd place[/B] with the award of [B]100 USD[/B] goes to [B]Mr. Muhlish Tri Hidayat[/B] from [B]Indonesia[/B] [*][B]The last runner[/B] in the contest, [B]Mr. Eka Birawan [/B]from [B]Indonesia [/B]is granted [B]100 USD[/B] [/LIST] Do you want to learn the main success factors in trading? Here is what our winners told us: [SIZE=5][B][B]1ST PLACE: MR. KARSONO MUSLAMAT FROM INDONESIA[/B][/B][/SIZE] [I]I am very happy and proud that I have won this contest, this victory is like an award for me.[/I] [I]This contest didn’t really consume all of my daily time, I traded only at certain hours that I considered crucial for trading. I am always open to the opportunities to participate in a real contest, and with this victory it might be a turning point for me to become a successful trader in this field. The key to my success is my discipline and my faith in the trading techniques I use. My strategy is to avoid hasty decisions and to wait for the right time to open a position. The loss I experienced was trivial and I didn’t have any significant profits, but every time I opened a position, I always gained some small profits that helped me to eventually win. I am a self-taught trader, I didn’t get a special education and it took me long enough to learn. After a few failures that I experienced these 2 years, I can humbly say that I am a good trader.[/I] [SIZE=5][B][B]2ND PLACE: MR. SAID YACOUTI FROM MOROCCO[/B][/B][/SIZE] [I]Wow, I feel so good to get at least the second place! I’d been watching the competition closely for a month and then I thought it was a good moment to try it too. And yes, I want to participate in the upcoming rounds as well. I guess the key factor to my success was a close intermediate term analysis during the whole contest. My strategy is described by a simple phrase: buy at low prices and sell at high prices. Isn’t it really simple and perfect? I also got a valuable lesson from this contest: I suffered more losses when I was using a long-time strategy. I’m not sure how long it takes to become a good trader, because I’m still learning. But I think we can become good traders if we control ourselves and try to be as patient as we can.[/I] [SIZE=5][B][B]3RD PLACE: MR. MUHLISH TRI HIDAYAT FROM INDONESIA[/B][/B][/SIZE] [I]Thank God! I’m very happy, I was not expecting it after nearly three years of participating in the demo contest, but I finally became one of the winners! In terms of trading time, I only traded between 5 and 7 am local time. After that I turned off my phone to start my daily routines. Sometimes I also traded in the evening after I came home from work. God’s will, I will participate in the contest again. In my opinion, there are three success factors in trading: 1. mastering the techniques; 2. controlling the emotions; 3. patience. I only used one technique during the contest and I’ve been using it for about 10 months. I use Fibonacci to be exact. I've been trading Forex for 3 years and so far my capital return is around 30%. So far, I’m not the best yet, but I’m trying to be the best.[/I] Join the winners in [URL='https://www.octafx.com/contests/octafx-champion/?utm_source=forum-earnforex&utm_medium=forumpost&utm_campaign=Champion_contest']OctaFX Champion demo contest[/URL] Round 60! Just [URL='https://my.octafx.com/open-account/contest/octafx-champion/?heading=champion&_ga=1.254437320.1169242874.1472130734/?utm_source=forum-earnforex&utm_medium=forumpost&utm_campaign=Champion_contest']open a new account[/URL] and start trading! [CENTER][B]Become one of OctaFX Champions! [img]http://i.imgur.com/WpgLxF7.png[/img][/B][/CENTER] [/QUOTE]
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