OctaFX Champions on how they mastered Round 30!
Exciting comments from Round 30 participants arrived, but first, let us remind you the names of four winners!
How do you feel being an OctaFX Champion?
1st place – Mr. Edi Santoso: I feel very happy, and hopefully in the future I can be even better.
2nd place – Mr. Ranesh Thenuwara: Wow I feel good.
3rd place – Mrs. Annisa Nurul Koesmarini: I really did not expect to win, totally unpredictable and beyond my expectations. Frankly, I was very happy when on Friday, September 26, I realized that my ranking jumping up into the big 3. After I close all positions on that day, I just hope no one was overtaking my position. And, as it turns out, it actually happened, when I got an email notification from OctaFX.
What is the key factor to your success? Why are you better than everyone else?
1st place – Mr. Edi Santoso: Patience is, and ability of not being hasty when doing open position, and being careful while analyzing.
2nd place – Mr. Ranesh Thenuwara: Market trend influences my success.
3rd place – Mrs. Annisa Nurul Koesmarini: My success factors, may be practically just a little analysis and a little luck. I am very confident when I open position on that pair. Then, I open a position with improved margins, which I guess is enough to be able to withstand the brunt of the storm so, I make sure not to be exposed to margin call, even if I do not open the chart for a week. That's it.
What was your strategy? Have you developed a perfect plan or tried
1st place – Mr. Edi Santoso: Strategies that I use quite simple, just using the default MT4 indicators. That's it.
2nd place – Mr. Ranesh Thenuwara: My strategy is candlestick pattern.
3rd place – Mrs. Annisa Nurul Koesmarini: I used to try Scalping and Intraday techniques in my real account, but the results are less effective and less efficient. Now, I try not to always look at the chart, and I combine it with some cliché but important techniques, which may have been known by traders, such as money management and position sizing, and the result is quite good and not disappointing for people who only see the chart only 3 times during the contest.
How long does it take to become a good trader?
1st place – Mr. Edi Santoso: It depends on our perseverance in learning about the market.
2nd place – Mr. Ranesh Thenuwara: Two years.
3rd place – Mrs. Annisa Nurul Koesmarini: To be a good trader, I think it requires 3 to 6 months, if every day, you diligently read the success tips from successful traders of the world, often practicing, brainstorming, discussing with people whose lives rely on trading only. Then, try different weapons and try out various styles and eventually find a suitable and convenient for you. Clearly, when the factor of 10,000 hours of process you have taken, I'm sure you're familiar with youself, and can become a good trader. If you do not take the time every day, the exact time it takes to become a good trader could be much longer, could be 1-5 years. All depends on your willingness and commitment. Simple.
OctaFX thanks all the contestants for participation and our interviewees for sharing their success stories!