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OctaFx - Happy Weekend from OctAFX

Dear traders, In less than a week Round 3 of OctaFX Champion Demo Contest will be officially started! You still have a unique opportunity to take part in this outstanding demo contest! Be the first to win and get amazing prizes from OctaFX ! Register in the contest, trade your demo account like a champion, win and get amazing prizes! Any possible trading techniques are welcome, whether EAs, scalping, hedging, or whatever you want to use! Be a winner and the total prize fund of 1000 USD monthly can become yours! --- Best regards, OctaFX Toll free phones: China: 4001200970 Indonesia: 0018030152039780 Malaysia: 1800815304 Tel.: +17844574224 Email: support@octafx.com Web: Forex trading | Online Forex broker | OctaFX

Dear clients! OctaFX is moving on with its expansion all around the world. Due to the highest demand from our clients we are proud to present you an Indonesian version of our website! You can now use all the amazing OctaFX services in your own language, read the news, promotions, contests, bonuses and many more! This is just the first and the most expected language version of OctaFX.com. In the nearest future more other versions will follow. OctaFX is all about making your trading experience flawless and smooth. You can always contact us for any possible inquiries you might have. Please stay tuned for the news and other languages from OctaFX! [/color]

An Introducing Broker (IB) is a person or a company which refers clients to OctaFX. As long as these clients trade the IB receives money from OctaFX. It is a wide spread model, which is mutually profitable for both broker and IB. You get your commission each time right after your client closes an order. Here is an example: Let's say you have 2 clients, one with micro account and another one with ECN account. Each of them trades for 1 month. Let's see what they can earn you within a month:

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We have seen many ups and down in OctaFX champions contest second round which is still in progress with tight situation. Username "Sani" from Kazakistan leading on the board at the moment. Current round (GMT+2) Registration: Apr 30, 2012 00:00 - Jun 04, 2012 00:00 "Ended" Duration: Jun 04, 2012 00:00 - Jun 30, 2012 00:00 "in Progress"

Dear traders! Another great demo contest is over at OctaFX! It’s been a tough fight, with traders struggling for the prizes for a month. According to our tradition, we have interviewed the winners, asked them to share their success stories for everyone to see and follow. Now, let’s allow our winners speak for themselves: 1st prize, 300 USD, and congratulations to Mr. Mamunur Rasid Q: What would you advise to other traders? A: My advice for every trader is "Learn forex, then earn from forex" Q: Will you go on trading with OctaFX!? A: Yes, I want to use OctaFX! ECN account. 2nd prize, 200 USD, and our huge respect to Mr. Hasan Ul Khoka 3rd prize, 100 USD, and give props to Mr. Nafis Imtiaz Q: What was your trading strategy? How did you manage to show such great results? A: I was trading intraday based on fundamentals for the direction and technical analysis for the timing. The key was controlling my risk and letting my profitable trade run its course and also scaling out of position helped too. Q: What would you advise to other traders? A: I would recommend them not to use too much leverage and not to open too many position at once. Rather concentrate on getting a few good trades and the money will take care of itself Q: Will you go on trading with OctaFX!? A: Yes certainly I will go on trading with OctaFX!. And I would like to personally thank OctaFX! for giving us such a great opportunity. Finally the last, but not the least prize winner, Mr. Md Rabiul Hasan Q: Will you go on trading with OctaFX!? A: Yes, I like OctaFX! because the spread is very low the execution is extremely fast On behalf of OctaFX! we would like to thank each contestant for taking part in OctaFX! demo contests! We are releasing a number of new interesting contests, so don't miss your chance to become a winner!

OctaFx - Happy Weekend from OctAFX

OctaFX Champion Demo Contest:current situation Dear clients! Currently in OctaFx Champion Demo Contest. Many contestants rivalry each other to got a top level and a spectacular competition have seen. Our top contestant Sani has grabbing first place with $16 651.00. So, come and be the part of matchless traders. Click here to watch Contest top trades and Top floating profit Good luck everyone and let the strongest win the contest!

OctaFX-BDPIPS Demo Contest current update Traders from Bangladesh are fighting for the prizes of the contest, under the details of current round leaders. Contests schedule Current round (GMT+2) Registration: May 06, 2012 02:00 - May 21, 2012 00:00 Duration: May 21, 2012 00:00 - Jun 16, 2012 00:00 . OctaFX would like to sincerely wish good luck to everyone and let the strongest win his/her prize with OctaFX! for more info visit here http://www.octafx.com/company/news/octafx-bdpips-demo-contest-started/

OctaFX.Com -Spain banks borrowed 324.6 billion euros from ECB in May MADRID (Reuters) - Spanish banks borrowed a new record high of 324.6 billion euros from the European Central Bank in May, up from 316.9 billion euros in April, data from the Bank of Spain showed on Thursday. The data reflected that banks remain largely shut of the interbank funding market as banks shy away from lending to each other in a worsening euro zone debt crisis. Total net borrowing was 287.8 billion euros in May compared with 263.5 billion euros in April. The data chime with figures from Portugal, where borrowing in May also hit a new record high of 58.7 billion euros. Jun 14, 2012 08:13 OctaFX.Com News Updates

OctaFX.Com - Merkel firmly behind euro, but will she act?Germany's Merkel stresses commitment to saving euro, but will she act? BERLIN (AP) -- Germany's Chancellor Angela Merkel has insisted repeatedly that "if the euro fails, Europe fails." Now the crisis in the 17 countries that use the euro is coming back to the boil, with Spain admitting it needs help to rescue its banks and voters in Greece deciding whether to back a party that could pull out of the single currency. And all eyes are on economic powerhouse Germany to see what it will do to save Europe's union from collapse. There's no denying Merkel's commitment to keeping the common currency together. But that doesn't mean she's ready to take the politically difficult measures many say are needed to save the day. She appears torn between freeing funds to rescue a wider European dream and pressures from her narrower power base at home. Which way she turns will be critical to Europe's future — and the fate of the global economy. The two sides of the leader who can make or break the common currency have been on prominent display at crucial moments of the crisis. — As Europe's No. 1 budgetary hawk, Merkel was the architect last year with former French President Nicolas Sarkozy of a strict set of fiscal rules designed to put a lid on the chaos of too many governments holding too much debt. — But she also has a pragmatic side. Notably, she has shown flexibility in signing up to rescue packages she initially resisted — starting with the initial bailout deal for Greece in mid-2010. It's certainly in Germany's economic interests to ensure the euro has a future. Of Germany's €276 billion ($346 billion) in exports in this year's first quarter, nearly €110 billion went to other eurozone countries. The full 27-nation EU accounted for more than half of its exports. So Germany desperately needs a stable market close to home. It's also clear that Europe needs Germany: The nation's GDP of €2.6 trillion is 30 percent larger than that of France, the second biggest eurozone economy, meaning Germany alone has the funds to bail out the struggling bloc. Still, absent a threat of immediate disaster, Merkel has shown little sign of budging from her insistence that help comes with strings attached, that thrift is a fundamental virtue and that there's no magic wand to save the euro. At the recent G8 summit of leading economic nations at Camp David, Merkel cut a lonely figure fending off pressure from fellow leaders to ditch austerity and jump-start growth. When the global financial crisis first flared in 2008, Merkel famously invoked the "Swabian housewife" — the traditional personification of Germany's prudent housekeeping named after a region in the southwest of the country. "She would have told us a piece of worldly wisdom," Merkel said: "You cannot live above your means in the long term." The image stuck. Polls consistently show Merkel at or near the top of the list of Germany's most popular politicians. Her hard line on the crisis has a great deal to do with that popularity. Merkel led calls to saddle Greece with tough austerity measures, such as cuts in public sector pay and pensions, as part of its two multibillion-euro rescue packages. Germans see it as just desserts for years of profligate spending, while they kept their finances in order. But the spending cuts have left the Greek economy mired in a deep recession. Angered by the seemingly endless pain, Greeks have turned away from the two traditional parties in elections last month. They voted instead for more radical parties that have vowed to pull the country out of its bailout and austerity agreements. This weekend Greece faces another election. And if it backs a radical left party that promises to ditch its bailout terms, it's hard to see Merkel allowing Greek aid payments to keep flowing. That could lead Greece to default and force it out of the euro, a move into uncharted territory that could undermine the entire global financial system. The threat has held little sway in Germany. A poll by the Forsa agency released last week found that 62 percent of Germans want Merkel to stick to her tough line on Greece. And they favor — by 49 percent against 39 — a Greek exit from the common currency. "I think her commitment to keep the euro alive is very strong, but I think it's not that strong to keep Greece within (it)," said Carsten Brzeski, senior economist at ING in Brussels. "They would like to keep Greece in but ... if Greece wants to go out as a result of the elections, then so be it." The fact is, the direct effect of a Greek exit on the German economy would be small. Germany's €1.2 billion of first quarter exports to Greece amount to only a tiny fraction of what it sold to Europe as a whole. But Brzeski argues that there are broader risks: there would be a probability of losing billions of euros in German-guaranteed loans for Greece and the heightened danger of bailouts to other troubled countries such as Spain and Italy if Greece pulled out, neither likely to go down well with Germans. And Merkel faces increasing criticism abroad for over-emphasizing austerity, notably from her longtime partner in fighting the economic crisis: France, which has a new Socialist president. Francois Hollande has rapidly become one of the strongest voices among European leaders pushing measures to boost growth. One of these measures has been "eurobonds"— jointly issued debt that could be used to fund anything and could eventually replace an individual country's debt. Eurobonds would protect weaker countries by insulating them from the high interest rates they now face when they raise money on bond markets. Those high interest rates are ground zero of the crisis: They forced Greece, Ireland and Portugal to seek bailouts. In the face of such pressure, Merkel has already shown signs of her other notable trait: pragmatism. She has started to soften her tone lately on promoting growth, hinting she'd be willing to do more as long as it means deeper European integration in the long run. And there is a possibility that she will make further concessions. Ahead of elections due in Germany next year, the center-left opposition — from which Merkel needs support for her cherished European fiscal pact to be approved by Parliament — has begun demanding pro-growth measures. Merkel's coalition recently proposed fostering growth by increasing the capital of the European Investment Bank, a development bank that lends money for public projects, using existing EU funds more efficiently and implementing structural reforms — but no more stimulus money. Concessions aren't likely to include Eurobonds any time soon. They're politically toxic to Merkel's center-right coalition, unloved by other prosperous countries and could run into trouble with Germany's highest court, which has guarded parliament's control over the German budget. More feasible may be a so-called debt redemption fund along lines proposed last November by the German government's panel of independent economic advisers. That would see a country's debts above 60 percent of GDP transferred to a common redemption fund with joint liability. They would be obliged to pay them off over 20-25 years and would have to pledge part of their foreign exchange or gold reserves as security. Germany's opposition backs the idea. Merkel's spokesman, Steffen Seibert, said last week that "significant constitutional and legal concerns" need to be discussed. Merkel herself cautioned last week against expecting a revolutionary "big design" to emerge from an EU leaders' summit at the end of this month. She made clear that she is still playing a long-term game to strengthen the eurozone through more centralized control of how governments run their economies. That will provide little comfort to Greeks hoping for a quick resolution as they head to the polls. "We need not just a currency union; we also need a so-called fiscal union, more common budget policies. And we need above all a political union," she said. "That means that we must, step by step as things go forward, give up powers to Europe as well." Jun 14, 2012 06:42 OctaFX.Com News Updates

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OctaFx - Happy Weekend from OctAFX

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OctaFX.Com -Canadian Dollar Forecast Turns Bullish on USD Weakness Forex retail trading crowds are now their least short US Dollar (ticker: USDOLLAR) versus the Canadian Dollar since the USDCAD first crossed above the CS$1.00 mark. We unabashedly called for important USDCAD gains as crowds sold into rallies. Yet short positions are down 22 percent since last week while longs have risen 19 percent. As with other US Dollar pairs, we believe that the Canadian Dollar stands to benefit as the USD itself looks likely to correct lower through short-term trading. (USDCAD losses)]. Jun 07, 2012 14:43 OctaFX.Com News Updates

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OctaFX Champion Demo Contest:current situation Dear clients! Currently in OctaFx Champion Demo Contest. Many contestants rivalry each other to got a top level and a spectacular competition have seen. Our top contestant regoza has grabbing first place with $113 856.53. So, come and be the part of matchless traders. Click here to watch Contest top trades and Top floating profit Good luck everyone and let the strongest win the contest!

OctaFX.Com -UK's Cameron, Obama urge action on eurozone crisis UK's Cameron, Obama agree 'immediate plan' needed to tackle eurozone crisis LONDON (AP) -- British Prime Minister David Cameron and US President Barack Obama have agreed on the need for immediate action to resolve the eurozone crisis. Downing Street says the two leaders spoke on the phone late Tuesday ahead of the G20 summit in Mexico later this month, when world leaders will discuss Europe's financial woes. A spokesman for Cameron said he and Obama agreed on the need for an immediate plan to tackle the crisis, as well as a longer-term strategy to secure a strong single currency. Cameron is visiting Berlin Thursday for a student conference with Chancellor Angela Merkel and Norwegian Premier Jens Stoltenberg, where the eurozone crisis is likely to be discussed. Cameron is pressing for eurozone countries to protect their currency with measures including greater fiscal burden-sharing among member countries. Jun 06, 2012 17:46 OctaFX.Com News Updates

OctaFx - Euro rises after ECB decision Euro rises vs dollar after ECB decision; Atlanta Fed president says stimulus may be considered The euro is rising against the dollar after the European Central Bank left its benchmark lending rate unchanged. Some economists expected the ECB to cut rates to help ease Europe's debt crisis, but bank President Mario Draghi said it's also up to governments to come up with a solution. Traders also sold the dollar on rising speculation that the Federal Reserve might launch another round of bond-buying to help the U.S. economy. Atlanta's Fed president said in a speech that monetary actions need to be considered. Bond buying lowers interest rates, and lower rates can weigh on a currency by reducing the returns investors get from holding it. With a third round of bond-buying mentioned, investors sold dollars. Jun 06, 2012 16:47 OctaFX.Com News Updates

It's your job to fix crisis, ECB tells governments FRANKFURT (Reuters) - The European Central Bank on Wednesday put the onus firmly on euro zone governments to solve the bloc's debt crisis, dashing expectations it could take near-term action despite saying the currency area's economy was under increasing threat. After the ECB left interest rates at 1 percent, President Mario Draghi said the bank was not open to trading with governments on the policy response to the crisis. Increasingly alarmed by signs Spain's banking crisis is opening a new front in the debt crisis, some in financial markets had hoped Draghi would signal a readiness for the ECB to take fresh action if euro zone governments take bolder action. Instead, Draghi said it was wrong for the ECB to fill a policy vacuum created by others and that there would be no quid pro quo between the central bank and governments. "There is no sort of horse trading here," he told a news conference. "Some of these problems in the euro area have nothing to do with monetary policy ... and I don't think it would be right for monetary policy to fill other institutions' lack of action." The respite the ECB bought the euro zone early this year by injecting over 1 trillion euros into its banking system with twin 3-year loan operations (LTROs) has faded, with borrowing costs for troubled countries such as Spain soaring again. Draghi played down prospects of any imminent third round of long-term money creation, saying LTROs and the ECB's dormant bond-buying program were instruments that are in place but temporary and "not infinite". "The issue now is whether these LTROs would actually be effective," he said when asked about another round. Draghi said the decision to leave rates unchanged was taken by "broad consensus". He said a few members, but not many, of the bank had wanted a rate cut. The ECB has never before lowered its main refinancing rate below 1 percent. Berenberg Bank economist Holger Schmieding said it was an open question whether the ECB would cut rates in July. "In addition, the ECB offered no hint today that it may re-activate its two most important non-standard measures, that is the 3-year long-term refinancing operations (LTROs) and the purchases of sovereign bonds," Schmieding said. "This suggests that it would take a major further escalation of financial tensions for the ECB to go beyond a possible rate cut in July," he added. Draghi said markets tensions had not returned to the levels of late last year, when the ECB offered the 3-year LTROs, and stressed the euro zone was far from facing a situation like the one after the collapse of Lehman Brothers in September 2008. Although flagging the increasing threat to the currency area's economy, new ECB growth forecasts for 2012 were unchanged -- in a -0.5 to +0.3 percent range. The prediction for the following year was barely changed either. "The economic outlook for the euro area is subject to increased downside risks relating in particular to a further increase in the tensions in several euro area financial markets and their potential spillover to the euro area real economy," Draghi said. Markets were unsure how the ECB would react to a recent wave of weak economic data, knowing that the bank also wants to keep the pressure on euro zone leaders to tackle the crisis more effectively. The euro was steady at $1.25 after the decision, Europe's benchmark stock market (.FTEU3) was up 2 percent after a recent steep fall. DILEMMA Jolted into action by Spain's banking crisis, EU leaders have started considering the form of economic union needed to make the bloc durable as well as more immediate measures to help Madrid. But that end-game is still months or years away and in the meantime investors view the ECB as the institution with the firepower to keep the crisis in check. "For the time being, the ECB is sitting on its hands as the bloc's economy and financial markets deteriorate further," said Nicholas Spiro, managing director of Spiro Sovereign Strategy. "The message from today's ECB meeting is a worrying one: any mutualization of euro zone debt is a long way off yet credible interim measures to shore up confidence will not be forthcoming for the time being," Spiro added. In the run up to Wednesday's meeting, International Monetary Find chief Christine Lagarde said the bank had room to cut rates [iD:nL5E8H50YO]. Spain and other hard hit parts of the euro zone would also like the ECB to revive its bond buying program to provide them with cover while they undertake planned repairs to their economies. Euro zone unemployment stood at a record 11 percent in April, business confidence has slumped and surveys of manufacturing have hit three-year lows, adding to conviction that the bloc's economy is set to drop back into recession. The bank's dilemma is that if does too much, pressure for government action falls. Yet if it does nothing, troubled sovereign debtors could find it harder and harder to finance themselves or maintain confidence in the banks that have bought much of their debt. Draghi said the ECB would continue to supply euro zone banks with all the liquidity they ask for at least until January 15 next year. It had said in October it would give euro zone bank unlimited access to central bank funding at least until July 10. Before the crisis, the ECB allotted a certain amount in its refinancing operations for which banks had to put in bids. Since the crisis began, the ECB has extended the maturity of such operations to as long as 3 years and has lifted funding limits. Most ECB watchers had expected it would keep its powder dry until after June 17 Greek elections and a crunch summit of EU leaders at the end of June, which Draghi and his colleagues hope will dispel any doubts about Europe's commitment to the euro. There are also growing signs that a decision on a bailout for Spain's debt-laden banks will have been taken by the end of the month. Jun 06, 2012 15:26 OctaFX.Com News Updates

OctaFX-BDPIPS Demo Contest current update Traders from Bangladesh are fighting for the prizes of the contest, under the details of current round leaders/participants ranking. The results and winners will be announced after Jun 16, 2012 00:00 (GMT+2). Click here to watch Contest top trades and Top floating profit OctaFX would like to sincerely wish good luck to everyone and let the strongest win his/her prize with OctaFX! for more info visit here http://www.octafx.com/company/news/octafx-bdpips-demo-contest-started/