Never Lost A Prop Firm Challenge Again | The 5% Daily Rule Explained

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  • Опубліковано 28 вер 2024

КОМЕНТАРІ • 122

  • @ogbonnaya55
    @ogbonnaya55 Рік тому +6

    The best forex mentor in Africa, 🏆🏆🏆🏆🏆

  • @charles_money
    @charles_money Рік тому +3

    Thank you very much boss this is question
    I have ask many top forex traders in Nigeria here....they seen confused some don even reply...so sad😭...thank u once again we appreciate it

  • @natureboy460
    @natureboy460 Рік тому +3

    The best is yet to come 🏆🏆🏆

  • @juochiokpala8384
    @juochiokpala8384 Рік тому +6

    You know how to teach very well. Thank you as always!😊

    • @joanessyakubu8994
      @joanessyakubu8994 Рік тому

      You are a honest person you did not come out to lie to us but you came out to let us know how you have blew your forex founded account so that we do not make the same mistakes respect bro.

  • @fraternaltwinz
    @fraternaltwinz Рік тому +1

    So nice hearing from you boss

  • @forexgenius9008
    @forexgenius9008 Рік тому +1

    They are well explained videos, you didn't check well or understood then

  • @shuimohserge
    @shuimohserge Рік тому +2

    Very educative sir, keep it up

  • @Wanzii04
    @Wanzii04 2 місяці тому +1

    Thanks for the headsup🔥...May you kindly make a video explaining in depth the 1 step and 2 step challenges leading to the funded account.. which stage am i payed out..etc...Thank in you in advance

  • @emuesirikevinokejero4653
    @emuesirikevinokejero4653 9 місяців тому +1

    Thank you so very much for this explanation.

  • @anthonychukwuebuka263
    @anthonychukwuebuka263 Рік тому +1

    I list three accounts to Dailly drawdown

  • @crystal9jamedia9
    @crystal9jamedia9 Рік тому +3

    This is what happened to my myforexfunds account exactly 7.5% on phase 1 and i lost it with a drawdown balance of 5059. So painful just because i struggled to get the money.

    • @NdemazeahGodlove
      @NdemazeahGodlove  Рік тому +1

      I know right, that's painful and I wish they could just measure drawdowns according to balance

    • @rosaleetequillo3726
      @rosaleetequillo3726 Рік тому

      The RAPID ACCOUNT challenge Of The funded trader is the only account of them based alone on balance.

  • @peterdimkpa-y1u
    @peterdimkpa-y1u Рік тому +4

    Thanks for these explanation. bravo👍

  • @nicoluslekolwana3878
    @nicoluslekolwana3878 Рік тому +1

    Thank you brother for clarifying that 🙏

  • @lesedimokwena3626
    @lesedimokwena3626 8 місяців тому

    This is always one tricky part,thank you ☺️

  • @imohimoh8779
    @imohimoh8779 Рік тому

    I need your robot on RSI

  • @chinedukalu1762
    @chinedukalu1762 Рік тому

    Thank you sir
    I've missed you

  • @hustlehard7175
    @hustlehard7175 Рік тому

    Explained well 💯

  • @ojoebenezer8932
    @ojoebenezer8932 5 місяців тому

    This is what happened to me.
    Daily draw down

  • @technologyanddevices7889
    @technologyanddevices7889 Місяць тому

    Thanks

  • @CharlesGwany
    @CharlesGwany Рік тому +1

    Which prop firm do u use

  • @dprincegraphix4150
    @dprincegraphix4150 Місяць тому

    SIR I HAVE A PROBLEM WITH LFP, I PURCHASE A 15K ACCOUNT AND I AM ALREADY UP WITH SOME PROFITS. LIKE YOU STATED IN ONE OF YOUR VIDEOS AND ALSO WRITTEN IN THE LFP PORTAL THAT THE DAILY DRAWDOWN IS BALANCE BASE .
    SO I WAS DOWN BY 4% AND I GOT A MESSAGE THAT U HAVE BREACH THE ACCOUNT WHEREAS THE MONEY WHICH I LOST WAS THE PROFIT WHICH I ALREADY MADE.
    I DON'T UNDERSTAND HOW I BREACH THE ACCOUNT BECAUSE IT WAS ALREADY STATED THE THE DRAWDOWN IS BY BALANCE AND NOT BY EQUITY.
    I contacted the support but they were not helping the matters

  • @wealthycorner
    @wealthycorner Рік тому +4

    Did you also noticed the value of the Pips when the trade is going against you is higher than when the marketing is going to your direction?

  • @rosaleetequillo3726
    @rosaleetequillo3726 Рік тому +5

    Yes, Mentor! Same with me here. I bought a 50k knights account from TFT. Its very difficult because of the only 3% daily drawdown and 6% maximum drawdown. That means for 50k usd account, I can only afford to lose 1,500 max daily drawdown.. .its also based on equity and balance. The technique is to pass the required 10% in one day if possible or if not, to really be careful with the stoplosses.. limit losses as little as possible. When I saw that my max daily drawdown is almost there, i cut it off. Closed all trades. So the account is saved. Tomorrow, is a new day. Ill have new max daily drawdown of 1,500 usd.. and its also the remaining maximum drawdown. I cannot lose that amount anymore. Its my last chance for this account. So, tomorrow, I plan to be more careful, with my stoplosses and try to select the best setups before placing my trades and in case of positive wins, maximize the wins by stacking.. but again, being careful with stoplosses.
    The TFT knights account is actually the most difficult of all accounts but the advantage is we can withdraw weekly.

    • @EidKatonso
      @EidKatonso 10 місяців тому

      update sister,how did it end

  • @Mic-DaddyGold
    @Mic-DaddyGold Рік тому +5

    My boss, forever mentor, so Happy to see you on the screen

  • @fridaychinweokwu
    @fridaychinweokwu Рік тому +4

    You be a man, thank you so much.

  • @ChereniMhlanga-qu8nx
    @ChereniMhlanga-qu8nx Рік тому +1

    Okay bro, I have been following you on UA-cam since the time you had 43 videos UpTo now when you're touring the world with your family. I enjoyed your personal video in the Arctic Circle region. You inspired me a lot since those early days todate. Of all your good videos I love those to do the Petrex Pro, how to install and use the Robot in trading, how it can precisely open & close thousands of trade entries. Then other videos on fundamental trading, the Bias Strategy, The Straddle Strategy and Godlove Strategy, the uniqueness you demonstrate the live trade make proud of you and I want to learn from you. You make sober minded Africans proud coz I have watched many videos, from Asia, Europe and America none can stand to compete with you when it comes to live trading. You are so real, so practical and so confident. You are just a blessing to Africa & the World over when it comes to forex trading. For your own information I am a senior citizen but with your help I feel I can make it. Thanks for being there for me & ready to help me through investment and for mentoring me into a profitable trader not just a professional trader.

  • @ayodeleaderemi6008
    @ayodeleaderemi6008 Рік тому +4

    Your content is legit , no twist.

  • @cardinalezidi5199
    @cardinalezidi5199 Рік тому +6

    Wow! Thank you very much Boss, for this revelation. Just to inform you, I have a plan to buy $5000 account this month end. Your kind is rare, always committed to see people win and succeed in their endeavours. You're truly a God sent. May God continue to keep you at the top. Sorry about the loss. Remain great.

  • @dogaragabriel
    @dogaragabriel Рік тому +4

    Wow!!! God bless you Sir. You have no idea what this explanation means to me. Immediately I heard the concept of draw down, I started making research for it's meaning with no tangible information on Google and UA-cam. Thank you very much for this one. You gave a concise explanation of what draw down mean..

  • @lalaifali6109
    @lalaifali6109 Рік тому +2

    You are the best sir, thanks very much for revealing such secret. You are the best sir

  • @Mic-DaddyGold
    @Mic-DaddyGold Рік тому +2

    First to watch

  • @charlesbabu5845
    @charlesbabu5845 Рік тому +2

    Unfortunately I also learned the hard way about the equity balance drawdown. Personally I feel its predatory to the trader and traders should avoid such prop firms.

  • @egbebiyilordsonobaniyi7858
    @egbebiyilordsonobaniyi7858 Рік тому +1

    If someone fails the prop firm challenge the first time, can he attempt again? Will he be accepted?

  • @OlusegunGbenga-l6g
    @OlusegunGbenga-l6g 5 місяців тому +1

    How can I connect to you

  • @OlusegunGbenga-l6g
    @OlusegunGbenga-l6g 5 місяців тому +1

    I want to get my AI

  • @Smokieray1
    @Smokieray1 Рік тому +3

    You're a freaking genius Ndemazeah. Thank yiu fir this update

  • @nshimiyimanamartin3886
    @nshimiyimanamartin3886 Рік тому +2

    Thank you very much, this rule also made me out, not one time now am in the way to recover all the losses

  • @peteregwufx
    @peteregwufx Рік тому +1

    You see, I didn't even know about this. Thanks!

  • @ebenadewale8763
    @ebenadewale8763 Рік тому +2

    Golden tips ! Thank you mentor

  • @michaelagyemang6632
    @michaelagyemang6632 Рік тому +1

    Wow I know better now before buying any propfirm

  • @TradingPaths
    @TradingPaths Рік тому +2

    You just unveil a very big secret as regards prop firm industry!
    Thank you sir!

  • @danieldauda8775
    @danieldauda8775 Рік тому +1

    God day my mentor, is it possible for me to get the 10% in the first phase using news trading like NFP or CPI news?

  • @yonaltradespng
    @yonaltradespng Рік тому +1

    Please this is the key no one explained... salute you king. THANK YOU

  • @shayzdag1866
    @shayzdag1866 Рік тому +1

    Very smart, that is exactly what I do. I have balanced based drawdown, and I have an EA which automatically closes all my trades when nearing 5k loss. Well explained

  • @leocele5671
    @leocele5671 Рік тому

    screen with him , it was then i realized that this can never be you. It was on discord. please try and fix this issue because i felt email should be safe writing to you privately

  • @mbahdamion1856
    @mbahdamion1856 Рік тому +1

    Thanks for this

  • @ikchuks4u891
    @ikchuks4u891 Рік тому +1

    Thank you

  • @ifeanyiizuegbu
    @ifeanyiizuegbu Рік тому +1

    Thanks boss for this

  • @philemonigomu4067
    @philemonigomu4067 Місяць тому

    So which is better, % base on equity or base on balance? And is there a buy and trade prop account without passing challenge?

  • @gbiz
    @gbiz Рік тому +1

    Thank you

  • @princechikaodiri6952
    @princechikaodiri6952 Рік тому +1

    Thanks alot for this insight

  • @Sechmaditrading
    @Sechmaditrading 8 місяців тому +1

    VERY INFORMATIVE! THANK YOU FOR TAKING THE TIME TO PUT THIS TOGETHER!!!!!!

  • @aarondanladi5687
    @aarondanladi5687 2 місяці тому

    Pls does this rule applies to the funded account? I mean after passing the challenge and have started proper trading?

  • @joanessyakubu8994
    @joanessyakubu8994 Рік тому +1

    This is a good one bro you have given me a great advice

  • @fortunate981
    @fortunate981 Рік тому +1

    Thank you so much

  • @felixod87
    @felixod87 Рік тому +1

  • @johnjofa1629
    @johnjofa1629 7 місяців тому +1

    Awesome content!❤

  • @phadaphadavhukhudo3973
    @phadaphadavhukhudo3973 5 місяців тому +1

    Very very clear

  • @MONEYONPOINT
    @MONEYONPOINT Рік тому

    Wow thank you very much about this, can someone use a robot to trade pro film?

  • @Jimmy_fx
    @Jimmy_fx Рік тому

    Thank you Sir God love.
    Will you be returning to Nigeria soon?

  • @Yanoko111
    @Yanoko111 Рік тому +1

    Thank you bro for this amazing and educated video

  • @dicksonmashimo5195
    @dicksonmashimo5195 Рік тому +2

    So which prop firms do they measure daily drawdown with balance only

    • @hutup9092
      @hutup9092 Рік тому

      Trueforex funds

    • @NdemazeahGodlove
      @NdemazeahGodlove  Рік тому

      I will need to check I have head of TFF but not sure yet

    • @rosaleetequillo3726
      @rosaleetequillo3726 Рік тому +1

      The Funded Trader has one account based on balance.. The RAPID CHALLENGE. all other accounts are based on equities.

    • @toniataba123
      @toniataba123 Рік тому

      true forex fund they are the best the rest measured on equity is a scam

  • @UkCEO
    @UkCEO 6 місяців тому

    GOD bless you for this Sir👏

  • @felixdavid4078
    @felixdavid4078 Рік тому +2

    Is it advisable to trade news in our funded account 🤔

  • @AbayomiSikiru
    @AbayomiSikiru 2 місяці тому

    I like your mentor

  • @Forexwizard.1218
    @Forexwizard.1218 7 місяців тому

    Bro you're the best 🙌🙌🤌

  • @Heissuma
    @Heissuma 5 місяців тому

    DO YOU TEACH HOW TO CREATE EA

  • @NorthernStoryline
    @NorthernStoryline Рік тому +1

    This is the best realistic information out here I salute Sir 👍

  • @anthonyemmanuel4356
    @anthonyemmanuel4356 Рік тому

    If I catch you for road eeh😂😂😂, you go see❤❤❤❤

  • @cheeweefoo4590
    @cheeweefoo4590 Рік тому +2

    dun trade on prop firm account as the rules are not in your favour. starts slow with your own life account n u be fine..no free lunch in this world.

  • @mankindfx
    @mankindfx Рік тому

    Thanks for this information

  • @cheeweefoo4590
    @cheeweefoo4590 Рік тому +1

    even a pro trader will loose in prop firm account...its design for you to loose money.

    • @NdemazeahGodlove
      @NdemazeahGodlove  Рік тому +1

      I disagree that bro, look for a winning strategy and you will make a lot of money

    • @rosaleetequillo3726
      @rosaleetequillo3726 Рік тому

      We can learn strategies to go around their rules.. once we know what to do, we can win the game. Small losses. Winning strategy. Stacking wins. Stop trading for the day if you already almost consumed the daily max drawdown.

  • @birukmisgana2276
    @birukmisgana2276 Рік тому

    Best

  • @samthecreator10
    @samthecreator10 Рік тому

    Thanks for sharing

  • @leocele5671
    @leocele5671 Рік тому

    The best always decoding the hidden things in FX. Nice one again. I did send you a message via the email with which we do communicate but to my greatest surprise I got a response to my mail but the worst happened because the person was asking me for cryptocurrency information on my centralized exchenge binance and kucoin and insisted that i share my crean wi

  • @enzy2930
    @enzy2930 Рік тому

    Wow Boss this is the Best explanation i have gotten so far.
    Please i have a question concerning balance based accounts.
    When it comes to the overall drawdown rule, is it measured by the sum of daily losses?? ( Like if I lose 3% of my account like 4times which will sum to 12% which is already above the overall 10%) will i loose my account??

  • @brainz_artz1593
    @brainz_artz1593 Рік тому

    If the daily drawdown is 5% and the total drawdown is 12%.. Dows it mean that the total loss that can be incurred throughout the month of the evaluation phase is 12% or just 5% daily loss foe the whole month???
    I would be glad to get your response❤

  • @vir78sen
    @vir78sen Рік тому

    So much important video thanks. ❤ love from India🇮🇳

  • @enzy2930
    @enzy2930 Рік тому

    Great content Boss.
    Please does daily losses sum up to overall drawdown?

  • @d2c7180
    @d2c7180 Рік тому

    Thank you do much sir, this is what I always wanted to know why people loose their prop firm

  • @landiismollel4075
    @landiismollel4075 Рік тому

    You deserve to be called Godlove🙌🙌. God bless you my Mentor 🙏

  • @ebenzzey
    @ebenzzey Рік тому

    Very useful content

  • @capitalfx360focusedonprofi4

    Good explanation as always Mr Godlove!👍
    But remember it's 5% still & not 5.5% or higher for d following day and every single trading day after until the overall 10% is breached.

  • @zachnyatela3295
    @zachnyatela3295 Рік тому

    💖👍💖💖💖💖💖

  • @ezakaisrael9457
    @ezakaisrael9457 Рік тому

    Thank you very much Boss, pls am a new bea, how can I access the patenx robot software.

    • @NdemazeahGodlove
      @NdemazeahGodlove  Рік тому

      Please check my video description for the link to access Patrex Pro

  • @mbahdamion1856
    @mbahdamion1856 Рік тому +1

    Please which proprietary firm will you recommend..??

    • @NdemazeahGodlove
      @NdemazeahGodlove  Рік тому

      Please check recommended prop firms on my video description

  • @bizzay3759
    @bizzay3759 Рік тому +1

    Does the bot work on mt4??

  • @deniskk2
    @deniskk2 Рік тому +2

    thank you for your open honesty ! i will use my own money & use own stop_loss. so what about my payment that i gave to pro-farm? is it Free money, Free revenue for them. I knew they had tricks.

    • @NdemazeahGodlove
      @NdemazeahGodlove  Рік тому +1

      They use your payment to fund successful traders like us, so try to be successful so that you can use other people's money to trade on a bigger account as well

    • @rosaleetequillo3726
      @rosaleetequillo3726 Рік тому

      Prop firms have advantages to us.. they lend us the bigger capital once we have proven profitable. We just learn how to go about their rules. Still helpful to be with a prop firm. Big capital.