OctaFX_Farid

Round 19 OctaFX Champion Demo contest winners expatiate on their journey to success. Undoubtedly, you love to hear from OctaFX, but it is always fascinating to get advice from the fellow traders. Today we offer you to draw some inspiration from Round 19 OctaFX Champion Demo Contest winners. We present you their short interviews in which you may find a goldmine for self-improvement! This month four luckiest traders became a part of OctaFX Hall of Fame: OctaFX Forex Championship 1st place – Mr. Farhad Kia from Hungary 2nd place – Mr. Yopi Agustian from Indonesia 3rd place – Mr. Hamka Rasufit from Indonesia The last runner – Mr. Kosdara from Indonesia How do you feel being an OctaFX Champion? 1st place – Mr. Farhad Kia: It was an interesting and exciting contest which requires good skills and knowledge of Forex. 2nd place – Mr. Yopi Agustian: I should say I am very happy. 3rd place – Mr. Hamka Rasufit: I feel so great and confident now so I can have a real trade with real account now. How involved in the contest you were – was it taking all of your time? 1st place – Mr. Farhad Kia: Actually I spent few hours a day contesting, but mostly everything was done with my autotrading strategy. 2nd place – Mr. Yopi Agustian: I tried to be the best in the trade, and I tried to trade only in my spare time. 3rd place – Mr. Hamka Rasufit: First two weeks were relaxed, and the next two weeks I took contest more seriously to win. What is the key factor to your success? Why are you better than everyone else? 1st place – Mr. Farhad Kia: AUTO TRADING. 2nd place – Mr. Yopi Agustian: I was patient and did not hurry. My traits which helped me win were probably my patience and courage. 3rd place – Mr. Hamka Rasufit: Being patient and waiting for the best chance to enter the market and open buy/sell position was one of keys to success. What was your strategy? Have you developed a perfect plan or tried various techniques? 1st place – Mr. Farhad Kia: I had my own autotrading strategy and besides I did some manual trading. 2nd place – Mr. Yopi Agustian: I tried a variety of techniques. 3rd place – Mr. Hamka Rasufit: I used long term trading and traded using EUR/JPY in the first two weeks and XAUUSD in the rest of the contest. I also use trailing stop to gain more profit and prevent loses. What was your most spectacular gain? Have you encountered considerable loss? 1st place – Mr. Farhad Kia: I had very bad days on the important news days, so I think I shouldn't trade on those news like NFP. 2nd place – Mr. Yopi Agustian: I only benefited and achieved the expected goals. There were no loss and risks of trading. 3rd place – Mr. Hamka Rasufit: When the contest was in the third week, I opened buy position with high standard lot when the bullish candle went up after analyzing the lower price of the XAUUSD – my most profitable gain. Concerning loss - Yes the last day became a nightmare, because I opened sell position in total 30 standard lot, but the candle went bullish, I was expecting to have more days to wait it to go bearish and gain more points. How long does it take to become a good trader? 1st place – Mr. Farhad Kia: More than 5 years. 2nd place – Mr. Yopi Agustian: From one to two years. 3rd place – Mr. Hamka Rasufit: I started 4 months ago, and I'm ready now to become a more patient trader indeed. As you can see the answers show the uniqueness of each trader’s approach – the tools and techniques may vary, nevertheless they all led to the victory! Do we have you all motivated? Choose your own path towards successful trading now – register in Round 21 OctaFX Champion Demo Contest that starts this December! We wish you profitable trading with OctaFx!

GBP/USD building within a channel FXstreet.com (London) - GBP/USD is climbing despite a stronger dollar and building a wider ascending channel from the lows of 1.6005 and has reached a high of 1.6070. UK housing data continues to surprise on the upside, rising 1.0% m/m in October (vs. expected 0.7%) according to Nationwide. Meanwhile, the pound might look forward to a weaker dollar as markets digest the implications following the FOMC yesterday. Research teams at BBH explained that despite the knee-jerk positive reaction, the FOMC decision to keep policy steady yesterday should eventually bring back into focus the major negative factor for the dollar. “For now however, the dollar has strengthened, yields went lower, and equities pared some of their gains following the decision. Perhaps the FOMC disappointed those expecting a more dovish tone to the statement”. GBP/USD Levels The 20 DMA is 1.6081, the 50 DMA is 1.5924 and the 200 DMA is 1.5484. RSI (14) reads 43.51. Supports are ascending from 1.5869, 1.5894, 1.5940, 1.5980 and 1.6019. Spot is currently 1.6047 while resistances are 1.6079, 1.6110, 1.6124 and 1.6150. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 31,2013 OctaFX.Com News Updates

EUR/JPY down 1.2% on days trading FXstreet.com (Barcelona) - Having posted an early Tokyo high at 135.39, EUR/JPY has tumbled today over 1.2%, to post a low at 1.33.66, where spot is currently trading. EUR/JPY technical strength Looking to the FXstreet.com propriatary Indicators, the OB/OS Index and the Trend Index, we can see that the pair is looking oversold and slightly bearish respectively. Hourly RSI is at 17 and the ADX is at 43. The 200-period SMA is right now at 134.5697 and flat. The exponential average closing price for the last 20 days is 133.8873 and is trending sideways. How volatile has the EUR/JPY been? 2-Standard Deviation Volatility Bandwidth is 184 pips and expanding in the hourly chart, while the ATR(14) prints 14 pips. The average movement for this session has been of 11 pips per hour in the last 4 weeks. What are todays key levels? The central pivot point is located at 135.1893. Pivot supports for this pair are to be found at 134.9037 (S1), 134.4808 (S2) and 134.1952 (S3). Conversely, daily pivot resistances for this pair are to be found at 135.6122 (R1), 135.8978 (R2) and 136.3207 (R3). Special attention should be paid to the price range 134.22-134.56 where several technical levels are confluent today. Key Events EUR/USD extends losses on strong Chicago PMI Session Recap: USD holds gains, EUR weighed by data EU October Consumer Price Index (YoY) up 0.7%; Core CPI rises 0.8% EMU: Unemployment Rate unchanged at 12.2% in September, against forecasts OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 31,2013 OctaFX.Com News Updates

USD/CHF a fade or hold, wait and see? FXstreet.com (London) - USD/CHF is a benefactor of the long dollar trade from yesterday and month end could be a supporting factor also. The pair is much higher and has broken key levels. USD/CHF has breached 0.9020 and 0.9050 marking a high of 0.9067 and RSI is now above 70, signifying the momentum has slowed down ahead of the weekend and a new month next week. Derek Halpenny at The Bank of Tokyo-Mitsubishi UFJ said FOMC caution helped to lift the dollar as the FOMC chose to be cautious in its statement after its meeting yesterday with the content avoiding any signal of a downgrade to the outlook for the economy. “Indeed, one would have to conclude that the FOMC is more upbeat having removed the segment on tightening financial market conditions potentially slowing the economy and jobs market going forward. So, essentially, the FOMC is telling us that the easing in financial market conditions (lower yields) is far more important for the outlook of the economy than the 16-day government shutdown and the debt-ceiling brinkmanship. That makes a lot of sense from the perspective that the FOMC always prefers to attach economic fundamental reasons to its decision-making rather than developments in Congress”. USD/CHF Levels The 20 DMA is 0.9027, the 50 DMA is 0.9143 and the 200 DMA is 0.9321. RSI (14) reads 70.39. Supports are ascending from 0.8971, 0.8987, 0.9011, 0.9024 and 0.9050. Spot is currently 0.9054 while resistances are 0.9064 and 0.9098. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 31,2013 OctaFX.Com News Updates

EUR/USD extends losses on strong Chicago PMI The EUR/USD fell to a fresh low as the greenback strengthened on a surprisingly strong US Chicago PMI. EUR/USD nears 1.3600 The Chicago PMI jumped to 65.9 in October from 55.7 the previous month, exceeding expectations (55.9) by more than 10 points. The employment component also rose to 57.7 from 53.2. The EUR/USD took another step lower and printed a low of 1.3602, last seen Oct 17. EUR/USD technical outlook From a technical view, the BBH analyst team noted earlier that only a break below 1.3600 (62% retracement of the October 16-25 rise) would suggest that this is anything more than a corrective dollar bounce. Meanwhile, Valeria Bednarik, chief analyst at FXstreet.com commented that EUR/USD holds a strong bearish tone in short-term charts, suggesting a continuation to 1.3580 next strong support. Bednarik locates next supports at 1.3580 and 1.3540, while she places resistances at 1.3650, 1.3710 and 1.3750. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 31,2013 OctaFX.Com News Updates

Euro continues to slide on sharp inflation drop FXstreet.com (London) - The euro has continued to slide, with a surprise drop in inflation fuelling expectations of a rate cut from the European Central Bank. EUR/USD has fallen 0.80 percent following inflation numbers showing a near four-year low in October. A flash estimate from the European Union's Statistics Office showed that inflation fell to 0.7 percent year-on-year, the first time that it has dropped below 1 percent since February 2010. The flash estimate was a sharp fall from consensus expectations of 1.1 percent. With Eurozone unemployment rates still eye-wateringly high, the drop in inflation has raised expectations of an ECB rate cut, already at 0.5 percent. Spanish unemployment is currently 26.6 percent, with the Eurozone at 12.2 percent. EUR/USD is currently USD1.3617. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 31,2013 OctaFX.Com News Updates

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US: CPI rose 1.2% in September FXstreet.com (Edinburgh) -The Department of Labour has informed that US consumer prices rose 1.2% on a yearly basis during September, in line with expectations although lower than August’s 1.5%. On a monthly basis, prices advanced 0.2% vs. 0.1% previous. Core CPI, which strips food and energy costs, rose 1.7% over the last twelve months and 0.1% MoM, both prints missed the median at 1.8% and 0.2%, respectively. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 30,2013 OctaFX.Com News Updates

Flash: USD/JPY rebounds from the 4 month uptrend - Commerzbank FXstreet.com (Athens) – Karen Jones Head Technical Analyst of Commerzbank, mentions that the USD/JPY continues to rebound from its 4 month support line at 97.04. Key Quotes “This guards the current October low at 96.55 and the six month support line at 96.00. The market has been contained in a large contracting range for the past 6 months and currently we have no real indication that the market is ready to break down through 96.00, but there is scope to test this level and the downside risk remains.” “Rallies will find minor resistance at 98.48 ahead of 99.01/06 last weeks high.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 30,2013 OctaFX.Com News Updates

EUR/USD glued to 1.3760 on US CPI FXstreet.com (Edinburgh) -The EUR/USD is returning to the comfort zone around 1.3765/70 on Wednesday, after the inflation figures in the US economy came in mixed in September. EUR/USD range intact The pair keeps the intraday range so far, fading the post-ADP attempt to the 1.3780 region, after the US headline CPI banged on estimates advancing 1.2% YoY and 0.2% inter-month. The Core reading, however, advanced 1.7% over the last twelve months, missing the median at 1.8%. In light of today’s FOMC gathering, analysts at Investec commented, “The current policy stance is expected to be maintained, although markets will watch for any changes in the tone of the statement, particularly any dovish comments on the recent downturn in labour market data and disruption caused by the government shutdown, which would lend support to the current risk positive mood”. EUR/USD key levels The pair is now advancing 0.15% at 1.3765 with the next resistance at 1.3818 (high Oct.28) ahead of 1.3833 (2013 high Oct.25) and finally 1.3859 (high Nov.11 2011). On the flip side, a break below 1.3727 (MA10d) would expose the psychological level at 1.3700 followed by 1.3662 (low Oct.22). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 30,2013 OctaFX.Com News Updates

US ADP Employment Change down to 130K in October from 145K Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 30,2013 OctaFX.Com News Updates

US: Redbook Index fell 1.3% MoM FXstreet.com (Edinburgh) -The Redbook index contracted 1.3% on a monthly basis and expanded 3.6% over the last twelve months in the week ended on May 26, against previous prints at 1.5% and 2.9%, respectively. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 29,2013 OctaFX.Com News Updates

US: S&P/Case-Shiller Home Price Indices grow more than expected in August FXstreet.com (Barcelona) - On an annual basis the US S&P/Case-Shiller Home Price Indices increased 12.8% in August, up from the 12.4% growth in July, Standard & Poor's informed on Tuesday. Analysts expected less rise of 12.4%. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 29,2013 OctaFX.Com News Updates

US October 20 Redbook index (MoM) falls 1.3%; (YoY) grows 3.6% Read more in Forex News. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 29,2013 OctaFX.Com News Updates

US September Producer Price Index: MoM -0.1% ; 0.3% YoY Read more in Forex News. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 29,2013 OctaFX.Com News Updates

Thank you very much for your kind compliments, we wish you profitable trading with OctaFx.

Time flies and today we congratulate our Round 19 OctaFX Champion Demo Contest winners. Look how far we've come – Round 20 is running now and we highly anticipate it to be as spectacular and useful for our traders as all previous rounds. For now, let’s get back to the main cause of today’s news. We've gathered 2196 traders and watched them sailing to OctaFX victory island, looking directly at the shore regardless of chill wind. The amount of trades performed was tremendous - 111 455 executed orders in total! The contest made OctaFX traders stronger with each day and now we are proud to present you our most experienced monthly winners: 1st place with the award of 500 USD goes to Mr. Farhad Kia from Hungary 2nd place with the award of 300 USD goes to Mr. Yopi Agustian from Indonesia 3rd place with the award of 100 USD goes to Mr. Hamka Rasufit from Indonesia The last runner in the contest Mr. Kosdara from Indonesia is granted 100 USD. We at OctaFX especially like the idea of healthy competition with each participant challenged to develop one’s own trading strategy – the contest itself proves to be as useful and applicable as the reward promised. Don’t miss first-hand success stories from Round 19 winners – visit our Company News page to hear from them this week – we have already asked them to share the experience and give you some advice on how to finish this race successfully. OctaFX would like to thank all the participant and remind everyone else that next time you can be one of OctaFX Champion Demo Contest winners! Though Round 20 has already started, don't let anything stop you from getting into the next Round of OctaFX Champion Demo Contest – prove yourself to be a successful and thoughtful trader, reach new heights, and get a reward you deserve – register in Round 21 OctaFX Champion Demo Contest! Spend your luckiest days with OctaFX! Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today!

Flash: EUR/USD short term technical look bullish – Scotiabank FXstreet.com (Barcelona) - Scotiabank strategists believe that EUR/USD looks bullish in the short term, based on a technical outlook. Key Quotes “Near term momentum and trend indicators are bullish. Key resistance level for EUR lies at the 61.8% Fibonacci retracement level of the 2011-12 decline in EUR, which lies at 1.3833.” “A meaningful break of this level would likely spur continued gains. Meanwhile, a near term pull back would be expected to find support at 1.3681 followed by 1.3550.” OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 28,2013 OctaFX.Com News Updates

US 3-Month Bill Auction increase to 0.046% from 0.035% Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 28,2013 OctaFX.Com News Updates

US October Dallas Fed Manufacturing Business Index down to 3.6 vs 12.8 (September) Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 28,2013 OctaFX.Com News Updates

Flash: No one in at the ECB but plenty of data FXstreet.com (London) - Research teams at BBH noted the ECB will not meet until next Thursday, November 7 but ahead of that, the euro zone will report a host of data this week. Key Quotes: “Spain and Ireland report September retail sales on Tuesday”. “German October CPI and jobs, Spain Q3 GDP and September CPI all come out on Wednesday”. “On Thursday, Germany reports September retail sales and November GfK consumer confidence”. “… while Friday sees the start of the October PMI readings with Greece and Spain reporting”. “The bulk of the final PMI readings from the euro zone will be seen next Monday”. “More concrete talks about the shape of the new German coalition start on Wednesday. Control of the finance ministry is one of the areas at stakes. This is not just what party would get to appoint the minister, but there is also some talk of changing ministry’s responsibilities including European policy”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 28,2013 OctaFX.Com News Updates

Dear Traders, Round 20 of OctaFX Champion Demo Contest starts in a few days – you still have time to register and achieve an incredible result! 1st place winner will be awarded 500 USD 2nd place winner will be awarded 300 USD 3rd place winner will be awarded 100 USD Last runner in the contest will be given 100 USD Contests schedule Next round (GMT+2) Registration: Sep 30, 2013 00:00 - Oct 28, 2013 00:00 Duration: Oct 28, 2013 00:00 - Nov 22, 2013 00:00 Moreover, you can easily withdraw the prize you get. Participation in the contest requires 3 simple steps: you should register in the contest with a demo account, trade it skillfully and competently, get the highest balance and that’s it – accept our congratulations! We encourage you to use any possible trading techniques – whether it is EAs, scalping, hedging, or some other plausible ones. The contest itself helps you improve your trading! Become a winner of our monthly contest with total prize fund of 1000 USD and make it into OctaFX Hall of Fame. Do not hesitate - it is only a few days left till the official start of this exceptional demo contest. Wishing you luck and profitable trading!

Dear customers, We would like to inform you that we will be performing a scheduled server maintenance this Saturday, October 26 from 8:00 till 15:00 Server time (GMT+2). Our website may be temporarily unavailable during the maintenance. The planned maintenance is aimed at improvements and it will help us provide you with a faster, more reliable and more stable services. We would like to apologize for any inconvenience caused. In case of any failures, please report immediately to support@octafx.com. Thank you for your patience.

European Council to focus on US spying allegations at the summit FXstreet.com (Barcelona) - The European Council begins a two-day meeting in Brussels today and most likely the main topic of discussion will be the latest revelations in the US spying scandal, which will push the economic and social issues expected to be dealt with into the background. Over the week both French President Francois Hollande and German Chancellor Angela Merkel spoke to Barack Obama, asking about the spying allegations. On Monday the French leader demanded explanations on the reports of the US monitoring millions of phone calls in France. On Wednesday Merkel called the US President to ask about evidence of her phone being tapped by the American intelligence. European Union leaders, who initially planned to focus on ways of boosting employment in the area and dealing with the immigration crisis, will now most probably shift their attention to the issue of EU-wide data privacy rules. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 24,2013 OctaFX.Com News Updates