OctaFX Champion Demo Contest winners announced!
Today we congratulate the winners of the 14th round OctaFX Champion Demo Contest. It was a special round! As you know, OctaFX cancelled the unlucky numbers! We skipped the round 13 and went straight to the 14th round. Perhaps that made a contribution to our winners’ performance.
We interviewed our winners. We publish their answers here and hope that you’ll find them useful.
What is the key factor of your success? Why are you better than everyone else?
Didi Purwoko, 1st prize: Patience and discipline. I always wait until the market reaches its daily maximum volume (usually after the price is the highest) and take my opportunity to enter the market.
Arif Hossain, 2nd prize: Patience is the key of my success. I just followed the trend and placed my trades accordingly. And I suggest all Bangladeshi traders to trade with patience.
Ammar Alnumairi, 3rd prize: The key of my success is hard work. I learn from my mistakes and the mistakes of others.
Cut Aminah, last place: Discipline. I believe in myself more than in anyone else.
Which is better, EA or manual trading?
Didi Purwoko, 1st prize: Manual trading. You need to work on patience and discipline.
Ammar Alnumairi, 3rd prize: I prefer EAs to manual trading.
Cut Aminah, last place: Manual trading is more profitable for me. I have my own trading strategies. I think that EAs are only useful for those who don’t have much experience.
What trading tools are most preferred by you? Majors or exotic, and why?
Didi Purwoko, 1st prize: Majors. Analysis is easier to do.
Arif Hossain, 2nd prize: Majors, because they quite easy to predict.
Ammar Alnumairi, 3rd prize: I prefer majors, because I can get a good profit in a short time.
How long does it take to become a good trader?
Didi Purwoko, 1st prize: It took me half a year to develop my trading style.
Arif Hossain, 2nd prize: I think it take minimum 4 years to become proficient enough. Every day I learn something new about forex trading and I learn from my mistakes.
Ammar Alnumairi, 3rd prize: It takes about six months.
Cut Aminah, last place: 7-10 years
We thank our winners for sharing their experience! We would like to remind you that the 15th round of OctaFX Champion contest is in progress. Round 16 starts on the 1st of July, don’t miss a chance to register! Participate and win your share of the prize pool!