Do you want to use OctaFX broker to start learning forex trading? Then you should read this article about learning to trade OctaFX below.
About OctaFX Broker
OctaFx is an STP forex broker that channels client orders to a larger broker, which is usually an ECN type broker, then links directly to the interbank market.
Octa FX is superior to Octa Investama in terms of service and minimum deposit, while Octa Investama as a local Indonesian broker is superior in terms of security of funds because it has received an operational permit from BAPPEBTI.
OctaFX as an outside broker has not yet obtained an official operating license in Indonesia. Instruments The instruments served by OctaFx broker are 28 foreign currency pairs for forex trading, and 2 precious metals, as well as 2 energies, and 10 indices. Forex trading provides high profit potential, liquidity and flexibility. Each type of currency provides different profit margins, as well as other types of instruments.
Learn OctaFX Trading
To learn to trade OctaFX, you should know the following information:
OctaFx App
Trading activities through OctaFx Indonesia can be done on a PC (Personal Computer), namely a desktop or laptop, or on a smartphone based on iOS or Android.
Fitur Copytrading OctaFx
OctaFX provides a time-saving Copytrading feature as traders don't have to create their own strategies. Can directly copy the best featured Forex Master strategies to dissolve trading portfolio.
OctaFx Indonesia Account Type
The next thing to learn to trade OctaFX is to get to know the types of OctaFX accounts. The OctaFx Indonesia platform provides three types of accounts with different fees, as follows. OctaFx Indonesia Account Types The OctaFx Indonesia platform provides three types of accounts with different fees, as follows:
· MetaTrader 4
Suitable for beginners. The appearance is simple and easy to operate. Equipped with interactive chart technology to monitor price fluctuations, predict market conditions, and manage buying and selling activities.
· MetaTrader 5
Suitable for more experienced traders. It is a sophisticated trading tool for traders to customize their trading needs. With the advantage of higher backtesting speed, it also offers simultaneous multi-pair testing functionality.
· cTrader
Suitable for progressive traders, who have worked professionally in the world of forex trading. Equipped with a more complex graphical display to perform comprehensive analysis and strategy determination.
OctaFX Sharia Account
There is also a swap-free forex trading service that complies with sharia provisions. Two Account Types Available Account Type Options There are two types of accounts to choose from, namely fixed rate and floating rate. Both can be used at the same time or choose one.
Deposit Requirements at OctaFX
Deposit Minimum deposit at OctaFx Indonesia is :100 USD (minimum) and 100,000 USD (maximum). Deposits can be made through local banks (BRI, BCA, BNI, etc.) and e-payments.
Terms of Withdraw or Withdraw Funds at OctaFX
Minimum withdrawal of US$5. You do this by going to the Withdraw menu. Processing time is about 1 day to 3 days.
Leverage Broker OctaFx
provides leverage up to a maximum of 1:500. So with a capital of 100 USD, you can make transactions up to 50,000 USD.
Spread OctaFX
The smaller the spread, the smaller the transaction fees. OctaFx broker, offering floating spreads from 1 pip (Percentage in Points).
Volume Trading OctaFX
The minimum trading volume starts from 0.1 lots (1000 units of the base currency). Flexible, able to open positions in more variety of currencies to diversify risk.
5-Digit Price Quotation OctaFX
OctaFx broker applies a 5-digit price quota. So there will be up to 5 digits after the comma of the price of the exchange rate pair.
How to Trade at OctaFX
Learning OctaFX trading next is knowing how to trade on OctaFx, here's how:
· Open Account or download OctaFX App from Play Store or App Store.
· Install on device Open and register account.
· Fill in your name and email. Email confirmation. Fill in the requested data.
· Upload the required files, such as eKTP, savings accounts and so on.
· Wait for Verification.
· You can try a demo account while waiting for verification.
· If it has been verified, it will be sent via email the agreement document for opening a forex account via email.
· Deposit After getting the ID and Pin, then login to the Personal Area menu to manage funds, make deposits and claim bonuses, as well as to the trading account details menu to access the trading platform.
· The lowest balance to be able to trade is 25 USD.
How to Start Trading at OcataFX
Learning to trade OctaFX is the next way to start trading on Octafx. Buy when the price is low or down or at least the price is stable and the price is expected to go up by clicking the Buy menu. Then sell by clicking the Sell menu, when there is a price increase from the purchase price according to the target and it is estimated that the price will decrease, or when the price continues to fall for cut loss. At OctaFX trading can be made easier with the copytrading feature, which can choose 1x or 2x to reproduce the transaction copy up to 2 times, or it can be up to 3 times.
So, that was the information about how to learn to trade OctaFX. You can start by following the references above, but it should be noted, especially for beginners, it is better to use the demo account provided by OctaFX before using a real account. Or use a small or minimal deposit if you want to jump right in after learning forex trading at OctaFX.
