🚨 MASSIVE OFFER AT SKILLED FUNDED TRADERS 🚨 No time limit evaluation firm + Skilled Challenge with 6% Phase 1 Target! ⬇️ 12.5% OFF ALL CHALLENGES Use Code "RIZ" ⬇️ skilledfundedtraders.com (Lifetime Code) ⬇️ 20% OFF Virtual Accounts With The 10% Virtual Drawdown Option Use Code "WEARESKILLED2" ⬇️ skilledfundedtraders.com (Expires October 17th ) ⬇️Join the Skilled Funded Trader Discord: ⬇️ discord.gg/2MH4ESZ776 - TRADEZELLA: All-in-one trading journal and analytics tool that provides valuable insights, trade replay, in depth reporting, and more to gain clarity, eliminate costly mistakes, and trade smarter. ⬇️Use Code “RIZ10” for 10% off your subscription ⬇️ www.tradezella.com/?via=riz __ DARWINEX: The Route To Becoming a Professional Trader. Aquire Investor Capital For Your Skillset. ⬇️Use Code “RIZDOM20” for €20 off your sign up fee⬇️ www.darwinexzero.com?fpr=rizdom&coupon=RIZDOM20
The trading community won't like me for this But this is where I find weed to help the most. My personal reaction to weed is overall calmness, at this point I don't really get "blasted" like I used to, it's moreso just relaxing my mind, which has naturally always raced Beyond that, stick to the analysis. Don't re-analyze and reposition yourself because there are now 10 more candles which didn't respect the FVG just perfectly, you have to wait for competion or failure in ENTIRETY, this helps you build the patience required
this man Andrew is legit. Firms who banned him knew man was gonna milk them , they used the whole FTMO ban to justify their unfair banning of this guy 🐐🔥😊
Or he just Yolo'd the challenges with 1 buy and 1 sell account which is against most rules... Your too easily coaxed my man. Use a Lil brain power. You got this💪
1.Don't revenge trade 2.Don’t buy one maxi prop account, instead buy multiple accounts to avoid losing the hold purchase capital 3.risk less on your prop account so that you won't loss it fast due to high risk
Bro i didn't get the buying multiple account part....he bought multiple account and traded it all together or traded one account... if lose then next?? How did he trade?
@@Xiao-pi3un If you had $1000 to spend on challenges. Don't buy 200k account. Instead buy 6x 50k accounts and use 4% risk. If you lose the challenge then buy more until you pass. The goal is to get funded then scale
I know a very successful trader who has worked with several top prop firms. And she is just like Andrew, she always shares and helps others without expecting anything in return. Andrew could just live a millionaire's life ignoring everything else, but he "spends" his time helping others. I love seeing how there are more people like him. Love this interview.
Congrats to Andrew‼️‼️ I remember the countless nights we spent a couple years ago in Daniel Savages group chat. Nice to see he’s doing well in his journey. This is a sign to never give up on trading
The secret of financial independence, is about how well you want it, and your ability to make smart passive investments that will yield profits daily, I tell people about forex, there is so much opportunity in forex right now
This is actually one of the reasons why I'm still very skeptical. Traditionally careful and bearish critics are now turning bullish and calling August the final double bottom. I think that the charts mean little if CPI remains high and Fed hawkish. We'll see tomorrow. Even if CPI is at or below the expected rate, I'd need to see a third
*@silviarowe4019* what you are saying is true, you can't predict what will happen 100%, but you can 70% for example. This in the long run gives you a profit.
*@jacksonrobinson4776* That's impressive. Are you giving him your money or the money stays in your trading account? What's really the idea behind copying trades.
*@DanielErvin211* I believe it's possible for most people that buy and hold to win given that most stocks go up over time with the growth of the economy. It is not a zero sum game. For someone to win there doesn't have to be a loser...
Takeaways: ~Discipline and consistency are very important. You need chart time to sharpen your skills. ~Have a different risk plan during your challenge and when you're funded. If possible buy multiple accounts and pass the ones you ones you can.
The first one is very important. The second one is asinine. IF your trading plan works on a demo account it will work on a regular account but you will never trade a regular account in these prop firms, only demos even after the so-called "funding". So if that is an absolute then WHY would you choose to use a "different' risk plan when you get "funded"? Your second statement makes no sense given the reality of how prop firms are run.
@@tjjohnson-oj9or Different risk plan most likely means he buys multiple accounts, and overleverages to pass them in less than a week, not all will pass, but the ones that do will pay for what you spent trying to get multiple funded. The whole point is speed, less time on demo, more time and more accounts with money. This combined with having a conservative account, you could choose to overleverage or preserve your extra capital depending on what you want out of it.
I appreciate Andrew NFX and I am still from Romania and I support him with the idea that if you are profitable you are excluded from the game. And that's why I came to this interview to find out more
Note: Treating trading like a business. See ur losses as expenses necessary for any business to incur. Shifts my trading psychology to a whole new level. Lesson learned ✍✅
In forex, one of the most valuable lessons I've learned is the importance of risk management. It's not just about making profits but also protecting your capital. Setting stop-loss orders, diversifying trades, and managing leverage have become essential strategies to safeguard my investments and trade responsibly.
Andrew NFX started with binary options and later transitioned to trading and entrepreneurship after a basketball career-ending injury. Andrew emphasized the importance of discipline, consistency, and replicating the actions of successful individuals. He also mentioned his experiences with prop firms and the challenges he faced in passing their evaluations. Andrew shared his perspective on trading courses, acknowledging that while some can be helpful, others may focus more on marketing rather than providing valuable education. He expressed his future goals, including transitioning to an international audience, building his track record, and potentially becoming a hedge fund manager. Lastly, Andrew mentioned that he had personal experiences of being scammed by influential individuals, which impacted his role model perception and highlighted the need for caution.
I've blown 6 funded accounts because my mindset from passing the challenge doesn't change once I get funded. I make the 6% in 2-3 days to get funded and then on day 1 of my funded account I make 2-4% and then blow it the same day or next day. Total gambling mentality. Just don't know how to shake it. I'll figure it out though. Not giving up. Been trading for 4 years but only started prop firms 3 months ago. Thanks for the insight and lesson on perseverance.
I appreciate the time you took to do this live stream for us. My takeaway from this is to remain calm when you're trading and to see your losses as expenses and part of the journey. I'm new to trading , only 5 months in and have learned from this live stream 😀
Andrew journey has been tough, one that may not be familiar to everyone but traders. Commitment( persistence) and consistency were what brought him here today. Lesson learned ✍
Please, please if you are trying to learn, please spend 6 months learning ICT concepts, start with 2022, then go to 2016 Month 4, then dabble in 2023 once you get it But BACKTEST!!!!! All you can do to make yourself successful is BACKTEST with a system Find or make the system with sound logic, system meaning "when this happens then anticipate this, if THAT happens it should do this, and if all that happens, you're ready to enter" Simply put: Market takes liquidity Market retraces internally for a PD Array Market begins to reject PD Array Market has respected well enough to anticipate entry on next IOFED retracement Good luck my G, and enjoy your journey! This market is deeper than "buying and selling pressure"... Very rarely does all of collective humanity agree on the same thing, at the same time.
Rizdom, Making the guests do a live trade in your videos would be fun. It would be interesting as hell to see how they think and stuff. big fan! would love to see it!!!
I think only real traders should own a prop firm cause only traders can really understand how traders feel and how traders think…a lot of traders would give up if they went through what Andrew has been through…he’s a real fighter #sft 🇳🇬
Summit strike prop firm from Malaysia. The CEO itself is a profitable consistent trader who is funded with multiple prop firms with more than 5mil funded account. He has also been banned and denied payout from various prop firms. Traders must try to look at this Summit Strike prop firm.
😤😤🤦♂🤦♂ Do other people also experience this or am I the only one? Since two years ago, I've been an active participant in this space, but it's been losses, and I'm becoming tired.
I disagree. You are probably doing something wrong. Since 4 years I joined I've been able to retire early, complete my mortgage, and buy my dream car. Though I did it with the help of Lorenza Galvis.
You should consider getting the help of an expert it's really rewarding... It's the only guaranteed way of making money in this space but at the same time finding a good one is hard.
I wouldn't advice you quit because I know how fulfilling it is... Take a break, or still, get a professional account manager and expert. That will greatly help you make money.
I learnt so much in this podcast that I would have spent years trying to learn when it comes challenges! Moral of the story! Risk to Reward is not just per trade , it can be for the whole prop account , think long term! Risk less!✌️ Thanks for this @Words of Rizdom ✌️🎉💯
Fantastic interview! Brilliant guest, awesome host. The seamless line of questions and the transparency is incredible. A lot of "burst your bubble" moments in there which I think many if not all traders need right now
I learnt so much in this podcast that I would have spent years trying to learn when it comes challenges! Moral of the story! Risk to Reward is not just per trade , it can be for the whole prop account , think long term! Risk less!✌ Thanks for this @Words of Rizdom ✌🎉💯
Man has real goals Improve trading academy Scale up real funding Build a sustainable track record Move to Dubai Become and Hedge Fund manager Then diversify. Real lessons man✍♨️
When the market goes down then it's buying opportunity. If the market goes up then you are making money. If you stay invested and ignore the market's ups and downs, you'll make a lot of money in the long run; however, a severe market correction causes a lot of margin calls and sell-offs, driving the market even lower. currently i'm up 13% in my diversified portfolio. As crazy as it sounds some still make enormous returns from this seemingly unknown market. gotta be greedy when others are fearful
Trade options bro, you can make money when the market goes up and when it goes down. Risky tho if you don’t know what you’re doing but you can papertrade which is a live simulator and you can learn how to make big profits daily
this guy is a beast. he's mastered prop trading. he knows how to make huge profits and he will constantly stay a threat to many firms . keep it up Andrew 🐐🔥
How being profitable be a threat for prop firms? Forex, stocks is a zero sum game, to one to win another need to lost. If you have someone pass challenge you have him in you bucket and if this guy is really good you put him in the “real” bucket, and the prop firm will make money 10, 20, 30% of the profit. Even they can copy his strategy . Weird.
Prop firms have stated that they find it hard to make profit off of him ,because they've tried it before , A booked him ,but said his style was too aggressive for them , which is exactly why they banned him , both parties could make lots of money , as you stated , but for some reason they felt different about it . But yes you're also very correct
Some companies says explicitly in their rules that the challenge account and the funded account should be traded in the same way ie. you should not change your strategy after you got funded.
I would like to use this chance to thank Words of rizdom for the interviews and making us know what is really happening in this industry . Really learning a lot ❤️💯💯
One of the inspirations out there for traders on prop firms, as he was passing the courses and getting denied to to unwritten hidden rules in blue print, that’s a emotional day man most people would give up after getting banned. But he’s still funded 5 mil with different props he’s a true prop firm guru..
There are two types of prop firms, the ones that want you to be profitable, and the ones that doesn't want you to be profitable, the ones that doesn't want you to be profitable are funded by brokers, the other ones are not. So its advicable to buy and verify a lot of prop firms, then use the profit to build a personal account.
New trader here, watched entire podcast in one sitting, really enjoyed it and learnt some things to will could potentially help me with my own journey. Great work and good to hear Andrew's story.
Fun fact Prop firms didnt ban him for being profitable. they banned him for "going around the rules". and they played the same game and banned him "going around the rules aswell"
Basically he over leveraged, becoming a big risk for these companies when trades dont go his way. Probably blew multiple accounts with his risky startegies and now his acting all innocent. Does anyone agree?
Definitely if a trader take many challenges passed few of them and funded him big amount of capital from propfirms trade it in real and profit 5-10%% in just one single trade with 4% risk? Then after that withdrawed the profit and if the next trade breached the over all drawdown in one or 2 trades imagine how much money this propfirm is risking when a funded trader loss 10% on that account. Aiming for shorterm return rather to be a consistently and deciplined trader with proper risk is one of the major key to have both parties put in profitable manner.
No I disagree... The forex prop firms are scamming and shady ... Idk why anyone still messes with them after MFF ... When you have futures funding 1 step 100x cheaper and no Spreads ... Why in the world would you choose forex when futures is there .... Spreads across the forex funding industry are sketch and that's one of the way MFF screwed their customers. Less than 0.010% of traders get a payout with forex funding
Great video!. Well I'm so happy I made the best decisions by having a good investment, Recently I'm able to acquire my third house even at my age and I believe if things keep going well I would retire early
That's nice! But how did you manage to achieve all that even with the current economy that's very bad? Please I'll appreciate your assistance on how to go about it, I'm desperately looking for a way to pay up my debts and also achieve my goals
The best strategy to use in trading is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed, I'll highly recommend Katrina susan
Actually this is not the first time am hearing of katrina susan and her exploits, how she handles investments and generates good profits, she has really made a good name for her self, but i have no idea how to reach her
Not true, they banned him because he "goes around the rules" instead of trade probably.. when you play games with them trying to go around the rules. you get the same in return..
@@DaRock-REAL it is true, they are scam sites that have ridiculous crappy rules in place that they change when they feel like it. Their rules are to stop profitable traders. They are Ponzi schemes that thieve from decent traders…
It makes no sense that they would want to ban you for doing well, only for doing something you shouldn't do. They benefit if you do well. A person will only buy so many challenges, but making good money through them and their partners will pay them a commission in return, no doubt.
@@MarcGyverIt why would they do well? They lose money if you are a profitable trader. You do realise they use demo accounts and have to pay out from failed challenge customers. They are a Ponzi scheme
Most traders stories at the beginning is mostly the same. The longer the time in the game some certain things becomes clearer. Hearing traders stories like this give me hope that I will get to be a consistent profitable trader. Just have to follow successful traders experiences coupled with mine
I learnt regarding this prop firm, one just has to follow same risk management before getting live account even thought it will take time. The long term goal being raising enough money to trade personal account
Basically one should focus more on growing a personal account . It also allows you to prove yourself to yourself instead of using prop firms 💯♥️ #SFT #WOR !
How can they risk their money with an aggressive trader like this? Would you allow him to trade your money if he is taking 4% or 5% per trade by knowing that no one can not predict the outcome of a particular trade and how many times any trader would lose until they win a trade? Would you? And this guy said he decided to do that because he was unable to pass with the conditions given. However other traders pass the challenges with the same rules!
how is a win cheating the system..do you think banks go by a "system"? any win is a win however you got it..the market doesn't owe you anything and you owe the market nothing.
whats that problem, ftmo told him very clearly they dont like max size trading... and if he is a good trader like he said, he could trade without prop.
What I don’t understand is how the prop firms are making money if they are banning the profitable traders. Isn’t that their source of revenue? I was thinking that is their only income
Prop firm is a tool to fund you personal account and learn how to be successful trader i think using it as a O.P.M (other people money) , is gonna have experiences like Andrew experiencing, just get the big payout and start trading your own accounts IMO
I’ve been banned from several myself. It’s difficult as there are still some trusted companies out there. To be told you’ve breached trading rules but with no clarification is very frustrating
The biggest take away from this was that you should do proper research on the prop firm you'd want to join and be sure not to try and do high risk trades and big payouts on newer prop firms as to not draw unwanted attention. Buying smaller Accounts instead of one big one is also a great strategy that I'll be implementing to raise my odds of passing. #Andrew #Rizdom #SFT
You shouldn’t do any of that. If they have rules just follow them but three clearly state “trade whatever strategy you want” “however you want” and yet want to play games. These props are just making money from failed traders. You ever get a real market account. Talking from experience.
@@Villaintrader12 He didn't break any rules. He first got banned for making too much money and the prop firm didn't want to pay him all of it. Then he started getting banned for risking 4% on and bunch of small accounts. He was starting to Maxx out the funding accounts because that 4% strategy was working. Then they banned him because they knew he was getting ready to make too much money having his funding account Maxed out. Just like him, you can follow every rule and still get banned. Making too much money is good for you but bad for the prop firms. It`s kind of like being at a casino in Vegas. If you make too much money they will ban you from the casinos even though you did nothing wrong.
Love this guy from now, he couldnt disown that he is romanian, i know its generalisation but in my experiences they have some kind of warrior attitude you cant really teach anywhere, sometimes its a bit more cheeky than it should be, other times its the greatest asset you can have in life. I love his transparency and that he is respectful but saying the truth based on his experiences for example about lamboraul, I really would enjoy seeing him beating up that self inflated guy, and his alikes who are profiting from their image and feel entitled to scam people based on that fake facade. Nice interview with some realness 💪🏻🤝
No brother he is right if you really think they giving you just 10% to lose and 8% if like they are giving you 100$ and expect you to 80$ 🤣🤣🤣 and they call it fair
There is no better prop firm than being in prop firm owns by a trader all because they understand what you are going through, that's where #sft comes in..
I am there where I only focus on my self, just like him, cut everyone off, all fake people and just being alone, I also still struggle with trading but still grinding
According to Andrew's idea, you can't apply it everyone. Some people don't have thst money to buy 4 or more challenges but one at a time is what most people can afford
😀🐐Riz is the Lebron James of trading podcast industry I’ve been listening to him since daily Telegram Audio days.. man’s been dropping Gem back to back Fr! #WordsofRizdom
Success is a deeply personal and evolving concept, and it can take on different meanings at different stages of life. It's about setting and working toward meaningful goals, continually learning and growing, and finding fulfillment and happiness in the process.
I think you should be fully aware of Social Media prop firm Marketing because we only see the Final product , we never see what is happening at the back end , but with someone like Word of Rizdom you can trust you should be safe with Skilled funded traders
🚨 MASSIVE OFFER AT SKILLED FUNDED TRADERS 🚨
No time limit evaluation firm + Skilled Challenge with 6% Phase 1 Target!
⬇️ 12.5% OFF ALL CHALLENGES Use Code "RIZ" ⬇️
skilledfundedtraders.com (Lifetime Code)
⬇️ 20% OFF Virtual Accounts With The 10% Virtual Drawdown Option Use Code "WEARESKILLED2" ⬇️
skilledfundedtraders.com (Expires October 17th )
⬇️Join the Skilled Funded Trader Discord: ⬇️
discord.gg/2MH4ESZ776
-
TRADEZELLA: All-in-one trading journal and analytics tool that provides valuable insights, trade replay, in depth reporting, and more to gain clarity, eliminate costly mistakes, and trade smarter.
⬇️Use Code “RIZ10” for 10% off your subscription ⬇️
www.tradezella.com/?via=riz
__
DARWINEX: The Route To Becoming a Professional Trader. Aquire Investor Capital For Your Skillset.
⬇️Use Code “RIZDOM20” for €20 off your sign up fee⬇️
www.darwinexzero.com?fpr=rizdom&coupon=RIZDOM20
👐👐👐
First time here. Just subscribed
❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤
Max withdrawal is 10K on cryptocurrency, why so small?
He put that massive lot size on. FTMO was like oh hell broski. We ain't paying you for that fk sht 😂😂😂
What I learned from this Live Stream is " A calm mind is the trader's sharpest tool; it cuts through the noise of the market."
Indeed, you can see he controls his emotions. Even when he's going back to bad memories, he still keeps his composure. Congrats Andrew!
Now make a list of fundamentals that keep your mind calm and I will say you are there.
words of wisdom right there
1) discipline and consistency! 2) think deeply about the system and use it to your advantage
The trading community won't like me for this
But this is where I find weed to help the most. My personal reaction to weed is overall calmness, at this point I don't really get "blasted" like I used to, it's moreso just relaxing my mind, which has naturally always raced
Beyond that, stick to the analysis. Don't re-analyze and reposition yourself because there are now 10 more candles which didn't respect the FVG just perfectly, you have to wait for competion or failure in ENTIRETY, this helps you build the patience required
this man Andrew is legit. Firms who banned him knew man was gonna milk them , they used the whole FTMO ban to justify their unfair banning of this guy 🐐🔥😊
do you know what firms banned him?
@@koolkrieg so far I only know of Bespoke and FTMO
Why they don't just A-book him?
@@harrisonwekesa5406A Book ??
Or he just Yolo'd the challenges with 1 buy and 1 sell account which is against most rules...
Your too easily coaxed my man. Use a Lil brain power. You got this💪
1.Don't revenge trade
2.Don’t buy one maxi prop account, instead buy multiple accounts to avoid losing the hold purchase capital
3.risk less on your prop account so that you won't loss it fast due to high risk
Bro i didn't get the buying multiple account part....he bought multiple account and traded it all together or traded one account... if lose then next?? How did he trade?
@@Xiao-pi3un I think trade multiple accounts at the same time, but lower risk. For example instead of 1 $NQ, maybe 5 $MNQ
@@Xiao-pi3un If you had $1000 to spend on challenges. Don't buy 200k account. Instead buy 6x 50k accounts and use 4% risk. If you lose the challenge then buy more until you pass. The goal is to get funded then scale
I know a very successful trader who has worked with several top prop firms. And she is just like Andrew, she always shares and helps others without expecting anything in return. Andrew could just live a millionaire's life ignoring everything else, but he "spends" his time helping others. I love seeing how there are more people like him. Love this interview.
*She's on Telegram..*
*@FXTABROKER.*
Congrats to Andrew‼️‼️ I remember the countless nights we spent a couple years ago in Daniel Savages group chat. Nice to see he’s doing well in his journey. This is a sign to never give up on trading
The good old times haha
@@andrewnfxdo you still keep in contact with Ambidex or SIX from the group? Those guys were a good traders way back then lol
can you let me join your group?
The secret of financial independence, is about how well you want it, and your ability to make smart passive investments that will yield profits daily, I tell people about forex, there is so much opportunity in forex right now
This is actually one of the reasons why I'm still very skeptical. Traditionally careful and bearish critics are now turning bullish and calling August the final double bottom. I think that the charts mean little if CPI remains high and Fed hawkish. We'll see tomorrow. Even if CPI is at or below the expected rate, I'd need to see a third
*@silviarowe4019*
what you are saying is true, you can't predict what will happen 100%, but you can 70% for example. This in the long run gives you a profit.
*@jacksonrobinson4776* That's impressive. Are you giving him your money or the money stays in your trading account? What's really the idea behind copying trades.
*Thanks for the recommendation I just contacted and she attends to me nicely*
*@DanielErvin211* I believe it's possible for most people that buy and hold to win given that most stocks go up over time with the growth of the economy. It is not a zero sum game. For someone to win there doesn't have to be a loser...
A calm trader who has an edge over himself and thus an edge over the markets
Takeaways:
~Discipline and consistency are very important. You need chart time to sharpen your skills.
~Have a different risk plan during your challenge and when you're funded. If possible buy multiple accounts and pass the ones you ones you can.
The first one is very important. The second one is asinine. IF your trading plan works on a demo account it will work on a regular account but you will never trade a regular account in these prop firms, only demos even after the so-called "funding". So if that is an absolute then WHY would you choose to use a "different' risk plan when you get "funded"? Your second statement makes no sense given the reality of how prop firms are run.
@@tjjohnson-oj9or Different risk plan most likely means he buys multiple accounts, and overleverages to pass them in less than a week, not all will pass, but the ones that do will pay for what you spent trying to get multiple funded. The whole point is speed, less time on demo, more time and more accounts with money. This combined with having a conservative account, you could choose to overleverage or preserve your extra capital depending on what you want out of it.
I appreciate Andrew NFX and I am still from Romania and I support him with the idea that if you are profitable you are excluded from the game. And that's why I came to this interview to find out more
Note: Treating trading like a business. See ur losses as expenses necessary for any business to incur. Shifts my trading psychology to a whole new level. Lesson learned ✍✅
In forex, one of the most valuable lessons I've learned is the importance of risk management. It's not just about making profits but also protecting your capital. Setting stop-loss orders, diversifying trades, and managing leverage have become essential strategies to safeguard my investments and trade responsibly.
Andrew NFX started with binary options and later transitioned to trading and entrepreneurship after a basketball career-ending injury. Andrew emphasized the importance of discipline, consistency, and replicating the actions of successful individuals. He also mentioned his experiences with prop firms and the challenges he faced in passing their evaluations. Andrew shared his perspective on trading courses, acknowledging that while some can be helpful, others may focus more on marketing rather than providing valuable education. He expressed his future goals, including transitioning to an international audience, building his track record, and potentially becoming a hedge fund manager. Lastly, Andrew mentioned that he had personal experiences of being scammed by influential individuals, which impacted his role model perception and highlighted the need for caution.
Nice summary. Did ChatGPT write this
I feel this inconsistencies from firms should be addressed ...they need to come expressly to clear the air about these discrepancies
Major lesson I've picked: Learn to be discipline and build consistency in order to gain profitability #SFT #RIZDOM #IMPACT
I've blown 6 funded accounts because my mindset from passing the challenge doesn't change once I get funded. I make the 6% in 2-3 days to get funded and then on day 1 of my funded account I make 2-4% and then blow it the same day or next day. Total gambling mentality. Just don't know how to shake it. I'll figure it out though. Not giving up. Been trading for 4 years but only started prop firms 3 months ago. Thanks for the insight and lesson on perseverance.
I appreciate the time you took to do this live stream for us. My takeaway from this is to remain calm when you're trading and to see your losses as expenses and part of the journey. I'm new to trading , only 5 months in and have learned from this live stream 😀
I love the impact you are making in the industry
Andrew journey has been tough, one that may not be familiar to everyone but traders. Commitment( persistence) and consistency were what brought him here today. Lesson learned ✍
Please, please if you are trying to learn, please spend 6 months learning ICT concepts, start with 2022, then go to 2016 Month 4, then dabble in 2023 once you get it
But BACKTEST!!!!! All you can do to make yourself successful is BACKTEST with a system
Find or make the system with sound logic, system meaning "when this happens then anticipate this, if THAT happens it should do this, and if all that happens, you're ready to enter"
Simply put:
Market takes liquidity
Market retraces internally for a PD Array
Market begins to reject PD Array
Market has respected well enough to anticipate entry on next IOFED retracement
Good luck my G, and enjoy your journey! This market is deeper than "buying and selling pressure"... Very rarely does all of collective humanity agree on the same thing, at the same time.
it's definitely on my bucket list to be on your podcast someday riz! I know I'll make it can't wait for my episode
It's mine too bro. Who knows, maybe we'll go on his pod at the same time😂 these podcast are such a game changer for the mentality
Rizdom, Making the guests do a live trade in your videos would be fun. It would be interesting as hell to see how they think and stuff.
big fan! would love to see it!!!
I think only real traders should own a prop firm cause only traders can really understand how traders feel and how traders think…a lot of traders would give up if they went through what Andrew has been through…he’s a real fighter #sft 🇳🇬
Summit strike prop firm from Malaysia. The CEO itself is a profitable consistent trader who is funded with multiple prop firms with more than 5mil funded account. He has also been banned and denied payout from various prop firms. Traders must try to look at this Summit Strike prop firm.
😤😤🤦♂🤦♂ Do other people also experience this or am I the only one?
Since two years ago, I've been an active participant in this space, but it's been losses, and I'm becoming tired.
I disagree. You are probably doing something wrong. Since 4 years I joined I've been able to retire early, complete my mortgage, and buy my dream car. Though I did it with the help of Lorenza Galvis.
You should consider getting the help of an expert it's really rewarding... It's the only guaranteed way of making money in this space but at the same time finding a good one is hard.
Does Lorenza have a channel here? Hearing about her here is incredibly surprising.
I wouldn't advice you quit because I know how fulfilling it is... Take a break, or still, get a professional account manager and expert. That will greatly help you make money.
please how does she work and how can I get to her??
what i learned is that we have to be disclipine in trading and we should follow risk management to become a profitable trader❤️
I learnt so much in this podcast that I would have spent years trying to learn when it comes challenges! Moral of the story! Risk to Reward is not just per trade , it can be for the whole prop account , think long term! Risk less!✌️ Thanks for this @Words of Rizdom ✌️🎉💯
I started being seriously profitable when I place trades and leave them alone. Never thinking about trades is the best thing for traders to do.
What?
#setandforget
Fantastic interview! Brilliant guest, awesome host. The seamless line of questions and the transparency is incredible. A lot of "burst your bubble" moments in there which I think many if not all traders need right now
I learnt so much in this podcast that I would have spent years trying to learn when it comes challenges! Moral of the story! Risk to Reward is not just per trade , it can be for the whole prop account , think long term! Risk less!✌ Thanks for this @Words of Rizdom ✌🎉💯
I learnt to be persistent, learn from mistakes. It's just a matter of time to be profitable
Man has real goals
Improve trading academy
Scale up real funding
Build a sustainable track record
Move to Dubai
Become and Hedge Fund manager
Then diversify.
Real lessons man✍♨️
When the market goes down then it's buying opportunity. If the market goes up then you are making money. If you stay invested and ignore the market's ups and downs, you'll make a lot of money in the long run; however, a severe market correction causes a lot of margin calls and sell-offs, driving the market even lower. currently i'm up 13% in my diversified portfolio. As crazy as it sounds some still make enormous returns from this seemingly unknown market. gotta be greedy when others are fearful
Trade options bro, you can make money when the market goes up and when it goes down
Trade options bro, you can make money when the market goes up and when it goes down. Risky tho if you don’t know what you’re doing but you can papertrade which is a live simulator and you can learn how to make big profits daily
this guy is a beast. he's mastered prop trading. he knows how to make huge profits and he will constantly stay a threat to many firms . keep it up Andrew 🐐🔥
How being profitable be a threat for prop firms? Forex, stocks is a zero sum game, to one to win another need to lost. If you have someone pass challenge you have him in you bucket and if this guy is really good you put him in the “real” bucket, and the prop firm will make money 10, 20, 30% of the profit. Even they can copy his strategy . Weird.
Prop firms have stated that they find it hard to make profit off of him ,because they've tried it before , A booked him ,but said his style was too aggressive for them , which is exactly why they banned him , both parties could make lots of money , as you stated , but for some reason they felt different about it . But yes you're also very correct
@carlosojeda2322 Bullshit Ftmo are there own broker they loose the lot not 20%
Some companies says explicitly in their rules that the challenge account and the funded account should be traded in the same way ie. you should not change your strategy after you got funded.
This is wild to hear how this guy has been treated🤯 i hope he scale’s his personal capital and bins all these scumbags and has success in life
I would like to use this chance to thank Words of rizdom for the interviews and making us know what is really happening in this industry . Really learning a lot ❤️💯💯
One of the inspirations out there for traders on prop firms, as he was passing the courses and getting denied to to unwritten hidden rules in blue print, that’s a emotional day man most people would give up after getting banned. But he’s still funded 5 mil with different props he’s a true prop firm guru..
Thank you for tuning in 🙏🏽
There are two types of prop firms, the ones that want you to be profitable, and the ones that doesn't want you to be profitable, the ones that doesn't want you to be profitable are funded by brokers, the other ones are not.
So its advicable to buy and verify a lot of prop firms, then use the profit to build a personal account.
New trader here, watched entire podcast in one sitting, really enjoyed it and learnt some things to will could potentially help me with my own journey. Great work and good to hear Andrew's story.
Fun fact Prop firms didnt ban him for being profitable. they banned him for "going around the rules". and they played the same game and banned him "going around the rules aswell"
Fun fact: "going around the rules" does not equate to "breaking the rules" so he did nothing wrong but found a winning edge👍
Basically he over leveraged, becoming a big risk for these companies when trades dont go his way. Probably blew multiple accounts with his risky startegies and now his acting all innocent. Does anyone agree?
Definitely if a trader take many challenges passed few of them and funded him big amount of capital from propfirms trade it in real and profit 5-10%% in just one single trade with 4% risk? Then after that withdrawed the profit and if the next trade breached the over all drawdown in one or 2 trades imagine how much money this propfirm is risking when a funded trader loss 10% on that account. Aiming for shorterm return rather to be a consistently and deciplined trader with proper risk is one of the major key to have both parties put in profitable manner.
No I disagree... The forex prop firms are scamming and shady ... Idk why anyone still messes with them after MFF ... When you have futures funding 1 step 100x cheaper and no Spreads ... Why in the world would you choose forex when futures is there .... Spreads across the forex funding industry are sketch and that's one of the way MFF screwed their customers. Less than 0.010% of traders get a payout with forex funding
Great video!. Well I'm so happy I made the best decisions by having a good investment, Recently I'm able to acquire my third house even at my age and I believe if things keep going well I would retire early
That's nice! But how did you manage to achieve all that even with the current economy that's very bad? Please I'll appreciate your assistance on how to go about it, I'm desperately looking for a way to pay up my debts and also achieve my goals
The best strategy to use in trading is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed, I'll highly recommend Katrina susan
Actually this is not the first time am hearing of katrina susan and her exploits, how she handles investments and generates good profits, she has really made a good name for her self, but i have no idea how to reach her
She has a verified account on t e l e g r a m s, using the user
name mentioned Below
Katrinasusan is the name to look for
Strategy, Growth Mindset, Risk management is all required to be a successful trader
Let this be a warning to all traders. Prop firms work well if you're losing. Once you start winning they find a way to ban you with any excuse.
🎉🎉🎉Exactly, they are nothing more than Ponzi schemes
Not true, they banned him because he "goes around the rules" instead of trade probably.. when you play games with them trying to go around the rules. you get the same in return..
@@DaRock-REAL it is true, they are scam sites that have ridiculous crappy rules in place that they change when they feel like it. Their rules are to stop profitable traders. They are Ponzi schemes that thieve from decent traders…
It makes no sense that they would want to ban you for doing well, only for doing something you shouldn't do. They benefit if you do well. A person will only buy so many challenges, but making good money through them and their partners will pay them a commission in return, no doubt.
@@MarcGyverIt why would they do well? They lose money if you are a profitable trader. You do realise they use demo accounts and have to pay out from failed challenge customers.
They are a Ponzi scheme
Most traders stories at the beginning is mostly the same. The longer the time in the game some certain things becomes clearer. Hearing traders stories like this give me hope that I will get to be a consistent profitable trader. Just have to follow successful traders experiences coupled with mine
Riz and Calvin podcasts are always 🔥🔥
Facts
Life isn't fair and many will try to stop you but you need to continou no matter what because you are the one who belives the most that you can do it
Andrew has the edge in the market because of his high Risk to Reward ratio
the quality of the actual video is perfect great camera angle great picture quality just wonderful
I learnt regarding this prop firm, one just has to follow same risk management before getting live account even thought it will take time. The long term goal being raising enough money to trade personal account
When Prop firms start with verification it will eliminate doubt on the industry thus growth of prop firms
Wow, Andrew really did a thorough research
Basically one should focus more on growing a personal account . It also allows you to prove yourself to yourself instead of using prop firms 💯♥️ #SFT #WOR !
Do both. Use any profits from a prop firm to put into your personal account and grow it at the same time.
@@SanjayPatel-rd1kx That's definitely a good way of looking at it bro thank you 🙏🏻
How can they risk their money with an aggressive trader like this? Would you allow him to trade your money if he is taking 4% or 5% per trade by knowing that no one can not predict the outcome of a particular trade and how many times any trader would lose until they win a trade? Would you? And this guy said he decided to do that because he was unable to pass with the conditions given. However other traders pass the challenges with the same rules!
I remember watching his interviews with a few firms. He was killing it.
I feel as if he’s leaving out some information that he doesn’t want us to know about his banning
Fact
He's right, if you build up discipline and just keep repeating the same good habit everyday ... success is just around the corner 💯
Shout out Andrew for calling out scambo raul and thank you Rizz
Thank you for tuning in 🤝
how is a win cheating the system..do you think banks go by a "system"? any win is a win however you got it..the market doesn't owe you anything and you owe the market nothing.
Lesson of the Live Stream "Successful trading is about managing risk, not avoiding it"
The prop risk is amazing but only to those who have the risk appetite and enough money to risk and are doing well not those who are just starting
whats that problem, ftmo told him very clearly they dont like max size trading... and if he is a good trader like he said, he could trade without prop.
Which prop company he is complaining???
Discipline,risk management,plan trading this need to be respected all the time.
What I don’t understand is how the prop firms are making money if they are banning the profitable traders. Isn’t that their source of revenue? I was thinking that is their only income
Prop firm is a tool to fund you personal account and learn how to be successful trader i think using it as a O.P.M (other people money) , is gonna have experiences like Andrew experiencing, just get the big payout and start trading your own accounts IMO
I’ve been banned from several myself. It’s difficult as there are still some trusted companies out there.
To be told you’ve breached trading rules but with no clarification is very frustrating
What are some legit companies you think?
what company that u used that untrusted?
@@handyhokardi3714 bespoke funding, funded next. Avoid them 100%
what companies banned you?
Was banned by
Funded engineer
Instant funding
Fxify breached me by being in 5k profit with no reason
Lesson learnt today: Even with good skill set choosing proper prop firim with quality team at background is important in longer run #SFT SFTFORLIFE
This has literally changed how i view and approach challenges
Amazing podcast ! Thanks for the shoutout Andrew ✅
The biggest take away from this was that you should do proper research on the prop firm you'd want to join and be sure not to try and do high risk trades and big payouts on newer prop firms as to not draw unwanted attention. Buying smaller Accounts instead of one big one is also a great strategy that I'll be implementing to raise my odds of passing. #Andrew #Rizdom #SFT
You shouldn’t do any of that. If they have rules just follow them but three clearly state “trade whatever strategy you want” “however you want” and yet want to play games. These props are just making money from failed traders. You ever get a real market account. Talking from experience.
@@Villaintrader12 Yes, i fully agree that most if not all trades are B - booked.
@@Villaintrader12 He didn't break any rules. He first got banned for making too much money and the prop firm didn't want to pay him all of it. Then he started getting banned for risking 4% on and bunch of small accounts. He was starting to Maxx out the funding accounts because that 4% strategy was working. Then they banned him because they knew he was getting ready to make too much money having his funding account Maxed out. Just like him, you can follow every rule and still get banned. Making too much money is good for you but bad for the prop firms. It`s kind of like being at a casino in Vegas. If you make too much money they will ban you from the casinos even though you did nothing wrong.
Wating for it to start ❤
Understanding the game of random probabilities over a large sample size of data, This is ♨️
Wow, so happy to watch one my romanians on this podcast ❤❤❤❤
Love this guy from now, he couldnt disown that he is romanian, i know its generalisation but in my experiences they have some kind of warrior attitude you cant really teach anywhere, sometimes its a bit more cheeky than it should be, other times its the greatest asset you can have in life. I love his transparency and that he is respectful but saying the truth based on his experiences for example about lamboraul, I really would enjoy seeing him beating up that self inflated guy, and his alikes who are profiting from their image and feel entitled to scam people based on that fake facade.
Nice interview with some realness 💪🏻🤝
is it just me thinking that they banned him for the right reasons after listening him ?
No brother he is right if you really think they giving you just 10% to lose and 8% if like they are giving you 100$ and expect you to 80$ 🤣🤣🤣 and they call it fair
There is no better prop firm than being in prop firm owns by a trader all because they understand what you are going through, that's where #sft comes in..
I learnt 👉 Repetition 👉focus on a particular instrument 👉stay discipline & consistent 👉then build momentum & data 🙏
Did he say he deposited $14k with MyFundedFX and his payout was $700-800k?
hearing all this makes me very weary of funded account and prop firms! and I am a funded trader myself as well.
GOOD LUCK EVERYONE IN YOUR TRADING JOURNEY
discipline and consistency will help you reach profitability and makes u a strong trader that's the key
I'm even scared to buy a prop firm account with all this havoc in the prop firm industry.
Trading in itself is almost gambling but once you have an edge to it and also the risk in place ...its not gambling , its trading - Riz
I am there where I only focus on my self, just like him, cut everyone off, all fake people and just being alone, I also still struggle with trading but still grinding
According to Andrew's idea, you can't apply it everyone. Some people don't have thst money to buy 4 or more challenges but one at a time is what most people can afford
😀🐐Riz is the Lebron James of trading podcast industry I’ve been listening to him since daily Telegram Audio days.. man’s been dropping Gem back to back Fr! #WordsofRizdom
Success is a deeply personal and evolving concept, and it can take on different meanings at different stages of life. It's about setting and working toward meaningful goals, continually learning and growing, and finding fulfillment and happiness in the process.
Different strategies for different types of trading goals is a great idea
This would be a more interesting conversation if the reps of those prop firms could have also given their angle to these cases.
Andrew is a high risk taker , i think or feel or believe companies should understand that for him.... more or less he wont really reduce that much
Man is honest. That's great #sft
Thanks a lot for the opportunity
Yoo it's the man himself 2pip stop legend
5 pip tp leskoo
Thank you for the valuable forex content! It's been incredibly helpful in improving my trading knowledge and skills.
Which prof was banned you?
When choosing a prop firm, conduct a thorough investigation and research. Another Key takeaway ✍
Environment also has a role to play in trader's trading journey
I think you should be fully aware of Social Media prop firm Marketing because we only see the Final product , we never see what is happening at the back end , but with someone like Word of Rizdom you can trust you should be safe with Skilled funded traders
Andrew NFX the goat himself❤️🔥
Damn he got scammed by Iman Gadzhi 1:20:20