How to trade on octafx

Basically, you open a buy order if you expect the price to go up and open a sell order if you expect the price to go down.

Free forex bonuses

How to start trading in 4 easy steps, how to trade on octafx.

It means that you buy a certain amount at a lower price now to sell it back at a higher price later and gain profit from the price difference. Log in to your personal area to make a deposit without any commissions. At octafx, you can start trading with a minimum of $5. The minimum deposit can vary depending on your region and the payment method.

How to start trading in 4 easy steps

1. Open an account with octafx

With an octafx account, you can access the foreign exchange market and start trading. Once you register, you'll receive an email with your personal area login details, trading account credentials, and all the necessary instructions. You'll need to login to your personal area to manage your funds, get bonuses, and take part in our promotions. The trading account credentials are used to access the trading platform itself.

2. Make a deposit

Log in to your personal area to make a deposit without any commissions. At octafx, you can start trading with a minimum of $5. The minimum deposit can vary depending on your region and the payment method.

According to the risk management basics, the more funds you have, the fewer risks you are exposing yourself to.

3. Sign in to the web-based platform

The web-based platform requires no installation and allows you to trade from any device anytime. Alternatively, you can download a desktop version, or the octafx trading app for your android device. You can compare the platforms and choose the best one.

4. Start trading

Open an order

To open an order, you can simply select the volume of your position and press buy or sell.

Basically, you open a buy order if you expect the price to go up and open a sell order if you expect the price to go down. It means that you buy a certain amount at a lower price now to sell it back at a higher price later and gain profit from the price difference.

Set leverage

Leverage reduces marginal requirements, the amount necessary to maintain a certain position, and helps you open orders with a volume larger than your balance would allow otherwise. It is important to note that the higher the volume of your order, the more you gain or lose for each pip.

Let's say, you have a trading account with 500 USD and a 1:500 leverage applied. You decide to open a position for 1 lot (100,000 units) on EUR/USD, when the price is at 1.13415. The required margin for this position is 226.83 USD, almost half of your funds. Each pip movement is then worth 10 USD. Therefore, the price only needs to drop to 1.13145 for you to lose nearly all of the money in your account. If you open a position for 0.5 lots, each pip will cost you only 5 USD. In this case, if the price falls to 1.13145, your loss will amount 135 USD.

This should be taken into account when making a trading decision and evaluating the potential risk of an adverse price fluctuation.

Predict the price movement

As a beginner, you can simply track the general direction of the price on the chart and open buy orders when it goes up or sell orders when it goes down. This may not get you a guaranteed profit every time, however, it is a good start for developing your strategy.

If you have little to no experience, it's better to avoid trading during major news releases, as the market tends to be highly volatile. Two more advanced methods of price prediction are technical analysis and fundamental analysis. Basic risk management techniques may also prove beneficial in reducing losses.

Make a profit

There are many strategies that allow you to profit from currency price fluctuations, for example, scalping, martingale, hedging, news trading, and many others. Read our article to find a detailed description of the most common strategies and choose the best one for you.

Close an order

Your order profit fluctuates depending on the current market price until the moment you close it. If you feel like you’ve gained substantial profit, open the trade tab on your platform, find the open position, press on it to open a context menu, and select close order.

Before you start

There are certain concepts and terms that are essential to get familiar with. We’ve covered them in the how to trade forex article. You can also explore our education section. It'll help you expand your knowledge about the market in general and our services in particular. If you feel like practising with virtual funds before switching to real trading, you can open an octafx demo account.

How to trade forex

Currency pairs and rates

All currencies in forex trading are quoted in pairs, one against another. Their names are given as a three letter abbreviation known as ISO code, where the first two letters represent the country and the third one is the name of the currency.

Depending on how commonly they are traded, currencies can be divided into three categories:

The most traded ones are usually referred as to majors and include the US dollar, the euro, the great britain pound, the japanese yen, the canadian dollar, the swiss franc, the australian dollar and the new zealand dollar. Major pairs involve the US dollar and another currency from the list above, for example: EURUSD, USDJPY, USDCHF

Cross pairs comprise of two major currencies neither of which is the USD dollar, for example: EURGBP, EURCHF, EURJPY, GBPCAD, GBPAUD and CHFJPY.

Exotic pairs consist of a major currency and another less traded one, for instance EURTRY, USDSEK, USDDKK, USDHDK, USDSDG. Exotics tend to be less liquid and to have less tight spreads.

Currency rate always represents the value of the base (first) currency expressed in the quote (second) currency. In forex there are two prices given - bid and ask- the former shows how much of the quote currency is required to sell 1 unit of the base currency and the later represents how much will be required to buy it. Ask price is higher than bid. The difference between two prices is referred as to spread, which is usually measured in pips or points.

Previously, when only 4 digit precision was available, pip, or percentage in point, was the smallest unit to measure price fluctuations. With the introduction of more accurate 5 digit precision pricing the smallest unit of price change is called point, however 1 pip is still calculated by 4th digit.

For example, if bid price is 1.11443 and ask price equals 1.11449, spread is 0.6 pips or 6 points.

Orders

Direction wise, there are two types of trades:

Buy or long positions are opened at ask price and closed at bid price;

Sell or short positions are opened at bid and closed at ask.

Each of those can be opened either as a market or as a pending order:

Opened at current ask price

Opened at a predefined ask price, which is above the current one

Opened when the ask price reaches the order level; the current ask is below this price

Closed at current bid price

Opened at a predefined bid price, which is higher than the current one.

Opened at a predefined bid price, which is below the current one

Closing order is always opposite to the opening one, that is, by closing a long (buy) position you sell the amount back and vise versa - when you close a short (sell) position, you buy the amount you previously sold.

A position can either be closed manually at the current market rate or when a certain price level is reached, through stop loss and take profit orders.

Stop loss is intended to limit the losses and is set above the open price for short positions and below the open price for long positions.

Take profit allows you to close a position when a certain profit is gained. Take profit level is below current ask price for a short position and above current bid price for a long position.

In order to gain profit you need to close long positions when the price goes up and close short position when the price goes down.

Leverage, volume, required margin

To open a position you need to have a certain amount in your balance, which is commonly referred as to required margin or just margin. The amount depends on the trading tool, volume and leverage.

Trading tool is basically anything you can trade with, including currency pairs, spot metals, oil or indices.

Volume is the amount you buy or sell measured in lots. 1 standard lot equals 100 000 units of the base currency. Depending on your balance and account type you can also trade mini lots (0.1) and micro lots (0.01). Volume defines the pip price, that is, the higher your volume is, the more significant each price movement will be. For example, pip price for EURUSD 1 lot is 10 USD, for EURUSD 0.5 lot is 5 USD. You can use this tool to calculate pip price for any position.

Leverage is a virtual credit provided by the company. The higher your leverage is, the lower marginal requirements will be. For example, when you use no leverage (ratio 1:1), you will need 100 000 EUR to open 1 lot of EURUSD; if your account leverage is 1:200, only 500 EUR will be required. The maximum leverage octafx offers is 1:500, that is, you will need only 200 EUR to open 1 lot.

Note that if you have a USD account, the required margin will be calculated as follows:

(current price × volume in lots × 100 000 units) / leverage

For example, if your leverage is 1:200 and you open 0.5 lot EURUSD order at 1.12931, required margin is

(1.12931 × 0.5 lots × 100 000 units) / 200 = 282.33 USD

Required margin is always calculated automatically by the platform. To check how much approximately will be required to open a certain position, you can use our forex calculator.

Balance, equity, free margin, margin level

When you open a position, note that your balance remains intact. In fact, it only includes deposits, withdrawals and closed trades.

The amount of required margin will be deducted from “free margin” field, which also comprises of your floating profit or loss and deposit bonus if you claimed one. Free margin is the funds you can open positions with. Note that when you open a hedge order with the same volume, no margin will be required; however, if your free margin is negative, you will not be able to open an opposite position.

Free margin = balance - required margin + floating profit / loss (+bonus)

Another value affected by your profit or loss is equity, which is calculated is follows:

Equity = balance + floating profit / loss (+bonus)

Equity is important because it, along with the required margin, determines your margin level:

Margin level = equity / required margin × 100%

If you margin level falls under 15%, your open positions will be mandatory closed starting with the trade that has the highest floating loss.

Balance, equity, free margin and margin level are calculated automatically by the platform and available anytime in the “trade tab”.

How to start trading

Basically, all you need to do to start trading forex is to open an account and download and install trading platform or sign in to the MT4 or ctrader web based terminal.

Demo account allows you to practice risk free, while with a real account you will be able to experience real market with minimum deposit as low as 5 USD.

If you are not familiar with the trading platform, make sure to check our manuals section for detailed instructions.

More information on how the forex market works, what tools and techniques you can employ to predict the direction of the prices or strategies you can apply is available in the forex basics section.

If you have any questions regarding the market, octafx website or trading conditions you can check our elaborate and comprehensive FAQ.

Whenever you encounter an unfamiliar term, word or market phenomena, you can check its definition and description in the forex glossary.

Our award-winning customer service is always glad to answer any questions you have and is available 24/5.

Octafx review

Used by 300,000+ traders

Established in 2011

Regulated by FSA

Min. Deposit from €5

To open a live account, you’ll need a minimum deposit of at least €5. Alternatively, octafx offers a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by . Octafx puts all client funds in a segregated bank account and uses tier-1 banks for this. Octafx has been established since 2011, and have a head office in st. Vincent and the grenadines.

Before we dive into some of the more detailed aspects of octafx’s spreads, fees, platforms and trading features, you may want to open octafx’s website in a new tab by clicking the button below in order to see the latest information directly from octafx.

Full disclosure: we may receive a commission if you sign up with a broker using one of our links.

Losses can exceed deposits

What are octafx's spreads & fees?

Like most brokers, octafx takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

The commisions and spreads displayed below are based on the minimum spreads listed on octafx’s website. The colour bars show how competitive octafx's spreads are in comparison to other popular brokers featured on brokernotes.

Octafx
EUR/USD (average: 0.7 pips)	0.4 pips + $0.00	0.7 pips	0.1 pips
GBP/USD (average: 1.1 pips)	0.5 pips + $0.00	1.7 pips	0.1 pips
USD/JPY (average: 1.1 pips)	0.4 pips + $0.00	0.6 pips	0.1 pips
AUD/USD (average: 0.8 pips)	0.6 pips + $0.00	0.6 pips	0.2 pips
USD/CHF (average: 2.3 pips)	0.4 pips + $0.00	2.3 pips	0.2 pips
USD/CAD (average: 2.9 pips)	0.6 pips + $0.00	0.5 pips	0.3 pips
NZD/USD (average: 3.6 pips)	0.8 pips + $0.00	2.8 pips	0.3 pips
EUR/GBP (average: 2.4 pips)	0.6 pips + $0.00	0.5 pips	0.1 pips

Spreads are dynamic and are for informational purposes only.

As you can see, octafx’s minimum spread for trading EUR/USD is 0.4 pips - which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with octafx vs. Similar brokers.

How much does octafx charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with octafx at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $0. Here’s a rough breakdown of the fees and how this compares against IG & XTB .

Octafx	IG	XTB
spread from :	$ 0.00	$ 6.00	$ 2.00
commission :	$0.00	$0.00	$0.00
total cost of a 100k trade:	$ 0.00	$ 6.00	$ 2.00
$6 more	$2 more
visit octafx	visit IG	visit XTB

All fees/prices are for informational purposes and are subject to change.

What can you trade with octafx?

Octafx offers over 40 different instruments to trade, including over 28 currency pairs. We’ve summarised all of the different types of instruments offered by octafx below, along with the instruments offered by IG and XTB for comparison.

FX / currency cfds	octafx	IG	XTB
# of forex pairs offered	28	90	48
major forex pairs	yes	yes	yes
minor forex pairs	yes	yes	yes
exotic forex pairs	yes	yes
cryptocurrencies	yes	yes	yes

commodity cfds	octafx	IG	XTB
# of commodities offered	2	34	21
metals	yes	yes	yes
energies	yes	yes	yes
agricultural	no	yes	yes

index & stock cfds	octafx	IG	XTB
# of stocks offered	0	8000	1606
UK shares	no	yes	yes
US shares	no	yes	yes
german shares	yes	yes	yes
japanese shares	yes	yes	yes
see octafx's instruments	see IG's instruments	see XTB's instruments

What’s the octafx trading experience like?

1) platforms and apps

Octafx is one of the few brokers that offer both of the metatrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. Octafx is one of a handful of brokers that offer the ctrader platform developed for traders looking for a STP/ECN solution. For a list of forex brokers that offer the ctrader platform, check out our comparison of ctrader brokers.

Octafx also offer mobile apps for android and ios, making it easier to keep an eye on and execute your trades while you are on the move.

Still not sure?

2) executing trades

Octafx allows you to execute a minimum trade of 0.01 lot. This may vary depending on the account you open. Octafx allows you to execute a maximum trade of 10 lot. As octafx offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As a market maker, octafx may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

Finally, we’ve listed some of the popular funding methods that octafx offers its traders below.

Trading features:

Accounts offered:

Demo account

Micro account

Mini account

Standard account

Zero spread account

Islamic account

Funding methods:

3) client support

Octafx support a limited number including english.

Octafx has a brokernotes triple AAA support rating because they offer a wide range of languages and support options.

4) what you’ll need to open an account with octafx

As octafx is regulated by FSA , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

A scanned colour copy of your passport, driving license or national ID

A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore octafx’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with octafx you can visit their website here.

Marcus founded brokernotes in 2014 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like. You can find more about brokernotes & marcus here.

Cfds are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.Octafx.Co.Uk/ on 01/02/2021.

Octafx not quite right?

Compare these octafx alternatives or find your next broker using our free interactive tool.

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How prize lots are calculated

* prize lots are calculated for closed orders only

Terms & conditions

This document sets out the rules for this promotion. Make sure you read them carefully and understand them all before you enter the promotion.

Introduction

Octafx is giving you the chance to win a (" the gift "). By entering, you agree to be bound by these terms and conditions.

The promotion name is octafx trade&win, hereinafter referred to as the promotion.

The promotion is organized and run by octa markets incorporated, hereinafter referred to as the promoter.

"the promoter" "we", "us" and "ours" means octafx which is a trading name of octa markets incorporated.

Who may enter?

The promotion is open to octafx customers in malaysia, indonesia, india, pakistan and thailand aged 18 or over at the time of entry. You are not eligible for the promotion if you are materially connected to the administration of the promotion.

How to enter

You can join trade&win any time by opening a real account with octafx.

Clients can claim gifts any time depending on their ‘prize lots’ balance.

To be entered into the promotion, users must trade on their real accounts using any trading instrument we provide.

Trades on demo accounts do not qualify users to enter the promotion.

Order duration is not limited, unless it is stated in the customer agreement.

Only closed trades participate in volume counts.

The gift

The gifts are: t-shirt, baseball cap, USB drive, portable powerbank, bluetooth speaker, android dual SIM 4.5in smartphone, android smartwatch, android dual SIM 6in smartphone, windows 8 tablet, windows 10 laptop.

Prize lots are calculated as follows:

MT4, MT5 and ctrader: 1 traded lot = 1 prize lot

Gifts can be claimed at any time providing the client has enough prize lots to redeem.

Gifts are limited to one of each type of gift per person.

The gifts and participation in the promotion cannot be exchanged or transferred. However, in the event that the gifts offered are unavailable due to circumstances beyond our control, we reserve the right to offer alternative gifts of equal or greater value.

Images used in marketing materials are not necessarily representative of actual gifts. Actual gifts may vary.

Your gift will be dispatched to your chosen delivery address within 30 days of claiming your gift.

Each participant agrees to provide real data. Providing fake data may result in disqualification from the promotion.

By participating in this promotion, you automatically give permission for octafx to use your full name and country of residence in future octafx marketing activity including www.Octafx.Com and octafx company news.

General

ANY KIND of IP match will be subject to disqualification.

Any kind of arbitrage trading or any other abuse with pricing and/or quotes will be subject to disqualification from the promotion.

The promoter reserves the right to reject or disqualify any participant without explaining the reason. Reasons for disqualification may include opening big volume opposite orders with the same currency pairs in different trading accounts at approximately the same time, as well as the usage of failures in the quote flow for getting guaranteed profit, or any other kinds of cheating.

All trading techniques or eas are allowed. The promoter reserves the right to declare any gift already given invalid and subject to cancellation upon direct or indirect evidence of attempted fraudulent operations with the prize funds.

Any situation not described in these rules shall be subject to the promoter's decision.

Octafx reserves the right to change, update or cancel this promotion with notification in octafx company news.

The promoter is octafx, suite 305, griffith corporate centre, beachmont, kingstown, st. Vincent and the grenadines.

Free forex demo account

Learn forex completely risk-free

The forex market offers attractive opportunities for traders, but also involves risk. That’s why before diving into forex trading with a live account, it’s best to open a risk-free forex demo account. The octafx demo account provides the same forex trading experience as real accounts. The only difference is that the funds on the forex demo account are simulated. You don’t trade with real money, so it is completely risk-free.

Access the demo account without deposit

The octafx forex demo account is essentially a practice account. You just need to sign up and create one in a couple of clicks to get started. With it, you can get accustomed to a variety of features of the forex trading platform and get familiar with the dynamics of the forex market before committing any real funds. Practicing with unlimited demo dollars helps you better understand how to execute trades, as well as your risk exposure. While being equipped with all the real account features, it allows you to:

Use it completely free of charge: test your trading strategies and bots for scalping, and execute trades completely risk free as many times as necessary

Trade with virtual money: even though it’s a trading simulation, we still provide you with real trading signals that are also free of charge

Discover all the features of the trading platform: learn to read charts and use graphic objects, levels, fibonacci retracements, and more

Experiment with different order types.

Practicing at your own pace

We understand that new traders need time to get familiar with tools and market specifics, and we consider it very important to provide learners with demo accounts; the performance of inexperienced, new traders might be far from their expectations without prior learning or practicing. For experienced traders who wish to forward test or back test their strategies and practice their trading skills, our demo accounts offer even more, providing an unlimited balance and full support of various trading robots. Test trend following, breakout, momentum, and other strategies on your way to create the best trading plan.

Real market conditions

Although the octafx demo account does not involve real money, trading takes place in real market environment with actual trading and quoting data, as it is viewed in the real accounts. You’ll see live trading signals, charts, and trading assets absolutely free!

Access to MT4 and MT5

Metatrader 4 web-platform

MT4 web platform allows you to trade from any browser on any operating system with a well-known interface of a desktop platform. All major tools are available including one click trading and chart trading.

Metatrader 4 desktop

Metatrader 4 is highly customisable. It includes charting tools, market indicators, scripts and eas, advanced risk management, real time market execution and more.

Metatrader 4 android

Enjoy a complete set of trade orders, trading history, interactive charts and the widest variety of supported devices - all that is metatrader 4 for android. Wherever you are and whatever you do, forex will always be with you!

Metatrader 4 ios

Widespread trading software is now available for your iphone/ipad. Login to your account and have the opportunity to trade on metatrader 4 from anywhere in the world via your ios device.

Metatrader 5 web-platform

Trade with the metatrader 5 web platform without installing or downloading any software application. You can trade on the forex market with any browser and operating system with an internet connection. Access your trading account with metatrader 5 web platform right now.

Metatrader 5 desktop

Download metatrader 5 and start trading with amazing functionality, technical and fundamental market analysis, copy trading and automated trading features incorporated into this platform. This version offers a diversity of order types and execution modes. Metatrader 5 features an unlimited amount of charts with 21 timeframes and one-minute history of quotes along with analytical tools not to mention 80 built-in technical indicators plus much more.

Metatrader 5 android

Download metatrader 5 on your android phone or tablet and trade currencies with cfds. Metatrader 5 is available for android allowing you to trade and check your account from wherever you are. Using your smartphone or tablet you can access the main features of the platform.

Metatrader 5 ios

The new metatrader 5 platform offers mobile online trading on the forexmarket.Trade forex directly from your iphone and ipad! This new application allows you to connect to octafx servers, receive currency quotes, analyze financial markets using charts and technical indicators, trade and view the history of your trading operations.

Perfect for testing trading strategies

Forex demo accounts are not just there to learn the basics. They help experienced traders test highly intensive strategies. For example, a trader can practice trading on indicators—the technique involves sorting out different indicators in search of a perfect set, which trend forecasts will confirm across all indicators in the set and correctly predict real market behaviour. Automated trading strategies using advanced eas are needed to continuously monitor fluctuations across different currencies. Even strategies requiring extensive use of tools and a high level of trading discipline can be practiced on a demo account.

Learn with demo contests and win prizes

In order to turn your learning steps into a more rewarding process, we’ve developed several demo contests that will allow you to earn real money. You can practice reversal trading, use automated trading, or show your newly built skills to get the first prize.

Champion demo contest

Ctrader weekly
demo contest

Moving forward to real trading

The retail part of the forex market is all about making profit. When you feel like you have enough experience in trading on demo accounts, and when you make steady profits from session to session, we recommend you move on to making real money on real trading accounts.

Forex trading app – by octafx – earn money online

Forex trading app – by octafx – earn money online install now | octafx trading app – club smart investors
install now | octafx copytrading – fast and easy copy trading
download octafx app,

What is octafx and all its information!

What is octafx – how to earn money from octafx

Here I would like to tell you that I will explain the two country methods of depositing in octafx.
If you live in india, you will be able to make a deposit through paytm.
If you do not have an ATM card or VISA card.
If you are from pakistan, you can deposit from your easypaisa or jazzcash –
also I will tell you how you can make money in octafx.
Also, I want to tell you a story of my own.

Octafx? How to download

First you have to download it.
Then you have to create an account on it and make a deposit again.
Before creating an account you are also given a demo from which you can also check.
Five thousand dollars and you get it as a demo.

Fx trading in octafx
deposit and withdraw!

Octafx deposit methods

First we will check deposit and withdraw.
How can we deposit in it and what are the special ways.
The best part is that if you make a deposit, you will not be charged any commission.
And another feature is that you can deposit in it from any local bank.
Which, of course, made the video an overnight sensation.
Many people nowadays have problems with skrill.
You can now use any bank other than skrill.

Payment options octafx
bitcoins, skrill, local banks, visa, neteller

Deposit:
bitcoins: 0.005
visa: 5USD
local banks: 2000 PKR
skrill: 50USD
nereller: 50USD

So first let’s talk about what is octafx application?

This is usually a trading application.
In which you guys on different currencies. On different indices. On different stocks. You have to trade on different communities.
And when your trade is moving towards profit. So you have to collect your profile after closing your trade.
Now friends, what you have here is that you people have to invest first to earn.
That is, the deposit inside is 10 10.
And you can start investing with just a dollar.

Now I want to tell you another thing here that in octafx you can make money in two ways.

One gets that if you want to get it yourself, one gets to get it through someone.

If you want to earn money, you can trade on anything.

That means you have to trade on gold. You think that the rate of gold will increase in the future.
So all you have to do is start trading one dollar and the gold rate will go up in the near future.
Now friends, if it grows or works, then it has done you harm and benefit.

But friends, if you want to treat someone.

That means you get professional traders in it.
All you have to do is go to their profile if you have friends through them.
You ask them to trade for us.
Friends, what you have to do is give them your dollars.
Now they will trade for you.
And as soon as the trade goes to profit, they will put their commission in it and give you all the profit.

Now friends, you will think that they will run away with our money.

This is not the case here friends.
The money you have cannot be withdrawn.
There is something that you can use to trade as much money as you have.
Also, they will deduct money from your account as soon as it is used for treatment.
And as soon as he stops trading.
Their profits are totally added to your account.
And the little commission that you have talked to him automatically goes to his account.
And he can withdraw this money.
Cannot withdraw total balance

What is octafx? And how it works?

What is octafx? | india | demo | sign up: hello folks….In this article I will talk about one of the most famous and trending trading brokers i.E octafx.

In this article, I will cover.

What is octafx

How octafx works?

How to get started with octafx?

What is octafx?

If you are an instagram or a facebook user. I bet you must have seen octafx ad. Where a former cricket suresh raina used to come and talk about how to make money via octafx very easily?

But the real question that arises is is it that easy to make money via octafx?

Well, don’t worry I am 2 old experienced trader and I am surely going to cover all your doubt’s in this and upcoming articles.

Let’s get started with what is octafx?

Octafx is forex trading platform. Which allows you to trade i.E BUY or SELL commodities, gold, silver & more.

In case you don’t know:

Foreign exchange market or forex or currency market is a global decentralized or over the counter market for the trading of currencies.

This market determines the foreign exchange rates for every currency. It includes all the aspects of buying, selling and exchanging currencies at current or determined prices.

To be honest, this is by far the largest market in the world then, followed by the credit market.

The main participants in the forex market are the larger international banks & more.

How to get started with octafx?

Getting started with octafx is damn very easy.

Now, you need to confirm your mail.

Secondly, enter your address details like given below.

Now, select your account and click on continue.

Now, enter your profile avatar. Download from google or just upload your image and click on open account.

That’s it. You are done with opening your account. Now it’s time to start trading journey with octafx.

How octafx works?

As said above the forex market is run by global networks of banks spread over four major trading centres in different time zones: london, new york, sydney tokyo.

There are basically three types of forex markets:

Spot forex market: the physical pair of a currency pair. Which takes place at the exact point the trade is settled – on the spot” within a spot of time”.

2. Foreward forex market: it means a contract is agreed to buy or sell a set amount of currency to be settled at a set date in the future or within a range of future dates.

3. Future forex market: it means a contract is agreed to buy or sell a set amount of currency at a set price and date in future. Unlike forward, a future contract is legally binding.

If you are newbie and wanna learn forex market properly, I highly suggest you to complete octafx classes which is completely FREE.

You just need to click this link and you land to the homepage octafx trading academy.

Winding up:

I hope you have found this article helpful. This article was all about what is octafx?, octafx india, octafx demo, octafx sign up, how to get started with octafx?, how octafx works?.

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How to trade forex on news releases

Prices of financial securities move up and down every day. These movements are caused by a number of factors. For example, a stock of a company can move up when it announces a special dividend, when it releases better-than-expected earnings, or when an underperforming CEO steps down. The price of a commodity like crude oil can move up when a major producer experiences any kind of disruption.

These reactions happen because of the forward-looking nature of traders. For example, when there is news of a major crude oil refinery shutting down, traders anticipate that the supply will be interrupted. According to the demand and supply theory, the price of an asset moves up when the supply is constrained.

Every day, the goal of news traders is to find the news, interpret it, and apply it to their trading.

Types of news

Broadly, there are two types of news:

Unexpected financial news

Expected financial news

Unexpected financial news

As the name suggests, these are political, financial, or economic news that break without traders expecting them. For example, in the stock market, when an influential CEO of a company dies, the respective stock tends to fall as traders wait for the direction from the board of governor. In july 2018, the CEO of fiat chrysler died and in response, the stock fell by more than 5%.

Another example is what happened in 2016 when the swiss national bank (SNB) decided to unpeg the franc from the euro. No one expected the bank to do so. In response, the franc rose sharply, creating opportunities for traders bullish on the franc.

A third example happened in january 2018, when bloomberg reported that china had talked about stopping purchases of US treasuries. This was major news because china is the biggest purchaser of US treasuries. In response, world markets fell sharply.

There are different types of unexpected news:

Unexpected decision by central banks

Expected financial news

These are news that traders expect. The three most common types of expected news are economic data, earnings data, political, and speeches.

Economic news

Every day, economic data of different countries is released by government agencies and private sector companies. This data is important because it provides traders with an assessment of the economy. The most common types of economic data are:

Purchasers management index (PMI)

Traders pay close attention to the economic data because it tells them a lot about the economy of a country. For example, an economy whose GDP is growing, inflation rising, and the labour market tightening leads to the need for interest rates increase. With interest rates rising, traders tend to buy the yielding currency.

The economic calendar is an important tool that provides the timeline of when the economic data is released. To use it well, you should do a few things. First, convert the time on the calendar to your local time. Second, clear the calendar by removing events from countries you don’t follow. Finally, remove economic events that don’t move the market a lot.

Trading the economic data in the calendar requires skills. Most new traders fail because they tend to trade in the direction of the economic release. For example, when the federal reserve system raises interest rates, the traders tend to buy the dollar without factoring the information in the monetary policy statement (MPS). Experienced traders use the information in the MPS to assess the dovishness or hawkishness of the monetary policy committee members.

Earnings news

The earnings calendar is mostly used by stocks traders. This calendar shows the time when companies will release their quarterly results. In the filing, traders look at the quarterly performance and the guidance from the company. When a company releases better-than-expected quarterly results and boosts its guidance, the stock tends to move up. On the other hand, when the company reports better-than-expected revenues and EPS (earnings per share) but lowers the guidance, the stock tends to fall.

Political news

The most common expected political news are mostly elections and major political meetings. In elections, candidates campaign on different political issues. Traders assess these issues and assess the performance of the stock or local currency before the election. They then use the publicly available polling data to assess how they will place the trades. For example, if traders believe that the popular candidate has better economic policies, they will buy the local currencies.

A good example of this was in the brexit referendum in 2016. Before the vote, polling data showed that the remaining team would win the election. When the results came, the leave campaign had won, which led to a massive sell-off in the sterling. Other examples that year were the elections of donald trump and emmanuel macron.

Speeches, interviews or testimonies

It is possible to trade when key policymakers are scheduled to deliver a speech. These policymakers could be presidents, central bank officials, or senior parliamentary officials. For example, in a testimony, a central bank governor can sound hawkish, which can lead the local currency to jump. For example, in early 2018, BOJ governor haruhiko kuroda told a parliamentary committee that the bank was considering starting to tighten in 2019. This led to the japanese yen to jump against its peer currencies.

Another example was a speech by fed governor, jerome powel at the jackson hole summit. In his speech, he said that the fed was likely to continue tightening because of the strength of the economy. During his speech, the dollar index rose by more than 50 basis points.

Effective news trading strategy approach

Firstly, to trade the news effectively, you should know how to interpret the news. Secondly, for the expected news, you should know when the data or the news will be released. This makes the economic and earnings calendar very important. Thirdly, you should know the securities that will be affected by particular news. Finally, you should have good mobile applications that will give you notifications when important news breaks.

Octafx trade and win promotion

Trade, earn prize lots and exchange them for gorgeous gifts.

Only for malaysia, indonesia, india, pakistan and thailand, octafx runs “trade and win” loyalty program.

Promotion details

Just trade on any of your real accounts and start receiving prize lots for every closed order.

You are only eligible to take part in this promotion if you are a resident of in malaysia, indonesia, india, pakistan and thailand .

List of gifts – free delivery

There is a number of gifts you can claim by exchanging your “prize lot”.

The list of prizes and the required prize lots for each gift are as follows:

prize	required “prize lot” amount
baseball cap	5
octafx T-shirt	5
USB drive	10
essential powerbank	25
bluetooth speaker	40
android smartwatch	50
android dual SIM 4.5in smartphone	150
android dual SIM 6in smartphone	250
windows 8 tablet	750
OCTAFX LAPTOP windows 10 laptop	2500

How to participate in “trade and win” promotion?

The promotion is open to octafx customers in malaysia, indonesia, india, pakistan and thailand aged 18 or over at the time of entry.

Follow the steps below to participate in this promotion today.

You can join trade & win any time by opening a real account with octafx.

Open octafx real account
trades on demo accounts do not qualify users to enter the promotion.

Make a deposit and start trading with octafx
to be entered into the promotion, users must trade on their real accounts using any trading instrument octafx provides.

Accumulate your “prize lots”
order duration is not limited, unless it is stated in the customer agreement. Only closed trades participate in volume counts.

Login to the client portal and claim your prize
you can order prizes any time depending on their ‘prize lots’ balance.

You can use your current address that you wish prizes should be delivered to.

It can be your home or office address. Either way, octafx covers all the delivery costs.

*prizes can be ordered at any time providing the client has enough prize lots to redeem.

How much “prize lots” you can earn by trading?

Prize lots are calculated as follows:

For MT4 and ctrader accounts 1 traded lot equals 1 prize lot.

For MT5 account 1 traded lot equals 0.5 prize lots.

All trading techniques or eas are allowed.

Your “status program” decides what “trade and win” gifts you can claim

Octafx runs “status program” which is a separate promotion available for all traders of octafx.

The list of the gifts you can claim by exchanging your “prize lots” depend on your status within the program.

Silver status holders can additionally claim airpods and apple watch.

Gold status holders can additionally claim macbook air and iphone XR, as well as the silver status gifts.

Platinum status holders can claim macbook pro and ipad pro, as well as the gold and silver status gifts.

You cannot order the same gift twice , however you can collect prize lots and order another gift of your choice.

Each delivery usually takes from 1 to 3 weeks for gift to arrive.

You can also track your order status in “order history” tab in trade & win shop in octafx’s official website.

Higher rate of “prize lots” for higher statuses

You get more prize lots for trading one lot depending on your status as below:

your status	prize lots you can earn
silver	1.25 prize lots for one lot traded
gold	1.5 prize lots for one lot traded
platinum	2 prize lots for one lot traded.

You can check it in your personal area under prize lots icon.

There is no expiration date for prize lots.

You can only use prize lots to exchange them for gadgets and merchandise.

Octafx

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Foreign exchange and contracts for difference ("cfds") are complex financial products that are traded on margin. Trading forex & cfds carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, forex & cfds may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Past performance of forex & cfds is not a reliable indicator of future results. All information on hercules is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Please note the spreads displayed in the website are all included extra trading commissions, as it shows the whole commissions charged by each broker. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.

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