OctaFX Champion Demo Contest, round 74: everything is possible
Round 74 of the OctaFX Champion Demo Contest has finished.
We sincerely congratulate four more traders who share the prize fund of 1000 USD this month!
- 1st place with the award of 500 USD goes to Mohamed Elhadi from Algeria
- 2nd place with the award of 300 USD goes to Safitri Yusintawati from Indonesia
- 3rd place with the award of 100 USD goes to Anita Sari from Indonesia
- The runner-up Dilawar Khan from Pakistan receives 100 USD
Our new winners expressed their feelings and thoughts on the last round and revealed the key factors in their success. Find out what they think in the interview with the winners of the OctaFX Champion Demo Contest.
1ST PLACE: MOHAMED ELHADI FROM ALGERIA
First of all, I want to thank OctaFX for this great contest! Being the winner of this contest is an honor for me. I would also love to win cTrader contest as it also provides good competition.
I was very involved in the contest and spent hours looking at the chart and trying to make the most of trades but this time I've just been trading like I would do on a real account (with a little bit more leverage of course).
I think that the only thing that helped me to win this contest is the fact that I was realistic, I wasn't looking for the most number of trades I can take but for the trade that could give me the best risk/gain ratio.
My most considerable gain was a short position in EURUSD, but to be the winner of this contest the main trade was the one on USDJPY. I looked for the best chartist signal I could get, and that's what happened with my buying position on USDJPY because once I made more than 1000% profit I gained confidence which I think is the most important. Also I had only one trade in loss.
I think that the most important thing to learn is money management, once you can control it you will be a good trader.
2ND PLACE: SAFITRI YUSINTAWATI FROM INDONESIA
I am very happy to be the winner of this contest, will definitely participate again! I traded only in the last week of the contest, so I did not spend all of the time.
What I do is I follow the trend and I trade on EURUSD only. My most spectacular trade was when I got profit of 10000% in 1 month. In my opinion it takes 5 years to become a good trader.
3D PLACE: ANITA SARI FROM INDONESIA
I am very surprised to be one of the winners and I did not expect to win as I was spending not a lot of time trading in the contest. I also hope to participate in other promos, because I see a lot of interesting promotions OctaFX offers.
My trading strategy involves searching for market trend, it can take a long time, but I always succeed this way. I also install tight stop loss for real trading.
The biggest profit I got during the contest was the trade on GBP/USD and I did not have significant losses in this contest.
I think that it may take from 1 to 2 years to become a good trader, depending on the abilities of a person.
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