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

Рет қаралды 24,824

Күн бұрын

If you're considering joining a forex prop firm, it's important to understand the risks involved. One of the most significant risks is the potential for a daily drawdown. In this video, we'll explore what a 5% daily drawdown means, and what you need to know before signing up with a forex prop firm.
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⚠️ NOT FINANCIAL ADVICE DISCLAIMER:
This video is for educational purposes only. Please do your own research before making any decisions with your money. I will not be held liable for any losses or gains you may experience. I am not your financial or investment advisor. This is completely educational content and should be taken as such - the views expressed in the content are opinions. Nothing on this channel should be taken as a recommendation to buy a particular crypto asset. The information shared on this channel is not indicative of future results. Analyses are not absolute and are prone to change in accordance with present and future market events. Please do all of your own research before you buy any stock or financial product

Пікірлер: 117

@ogbonnaya55 Жыл бұрын

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

@micaholatunji805 Жыл бұрын

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

@Sechmaditrading 6 ай бұрын

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

@joanessyakubu8994 Жыл бұрын

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

@user-bh5kk8wl5n Жыл бұрын

Thanks for these explanation. bravo👍

@yonaltradespng Жыл бұрын

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

@ebenadewale8763 Жыл бұрын

Golden tips ! Thank you mentor

@o-latest3350 Жыл бұрын

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

@fraternaltwinz Жыл бұрын

So nice hearing from you boss

@Smokieray1 Жыл бұрын

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

@NdemazeahGodlove Жыл бұрын

🏆🏆🏆🏆💰

@fridaychinweokwu Жыл бұрын

You be a man, thank you so much.

@peteregwufx Жыл бұрын

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

@emuesirikevinokejero4653 6 ай бұрын

Thank you so very much for this explanation.

@dogaragabriel Жыл бұрын

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 KZfaq. Thank you very much for this one. You gave a concise explanation of what draw down mean..

@NdemazeahGodlove Жыл бұрын

Am glad you enjoyed it and am glad i could help

@lalaifali6109 Жыл бұрын

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

@mankindfx Жыл бұрын

Thanks for this information

@princechikaodiri6952 Жыл бұрын

Thanks alot for this insight

@shuimohserge Жыл бұрын

Very educative sir, keep it up

@newtechnology5535 Жыл бұрын

Thank you bro for this amazing and educated video

@ifeanyiizuegbu Жыл бұрын

Thanks boss for this

@ChereniMhlanga-qu8nx Жыл бұрын

Okay bro, I have been following you on KZfaq 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.

@mbahdamion1856 Жыл бұрын

Thanks for this

@ayodeleaderemi6008 Жыл бұрын

Your content is legit , no twist.

@hustlehard7175 Жыл бұрын

Explained well 💯

@d2c7180 Жыл бұрын

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

@landiismollel4075 Жыл бұрын

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

@shayzdag1866 9 ай бұрын

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

@lesedimokwena3626 5 ай бұрын

This is always one tricky part,thank you ☺️

@natureboy460 Жыл бұрын

The best is yet to come 🏆🏆🏆

@nshimiyimanamartin3886 Жыл бұрын

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

@NorthernStoryline 10 ай бұрын

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

@NdemazeahGodlove 10 ай бұрын

I appreciate that

@samthecreator10 Жыл бұрын

Thanks for sharing

@nicoluslekolwana3878 10 ай бұрын

Thank you brother for clarifying that 🙏

@NdemazeahGodlove 10 ай бұрын

My pleasure

@ebenzzey Жыл бұрын

Very useful content

@UkCEO 3 ай бұрын

GOD bless you for this Sir👏

@fortunate981 Жыл бұрын

Thank you so much

@johnjofa1629 5 ай бұрын

Awesome content!❤

@NdemazeahGodlove 5 ай бұрын

Glad you think so!

@juochiokpala8384 Жыл бұрын

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

@joanessyakubu8994 Жыл бұрын

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.

@charles_money Жыл бұрын

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

@NdemazeahGodlove Жыл бұрын

you are welcome sir

@enzy2930 11 ай бұрын

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

@chinedukalu1762 Жыл бұрын

Thank you sir I've missed you

@vir78sen Жыл бұрын

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

@rosaleetequillo3726 Жыл бұрын

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 8 ай бұрын

update sister,how did it end

@Jimmy_fx Жыл бұрын

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

@forexgenius9008 Жыл бұрын

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

@Wanzii04 5 күн бұрын

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

@NdemazeahGodlove 5 күн бұрын

Okay video coming up.

@phadaphadavhukhudo3973 2 ай бұрын

Very very clear

@NdemazeahGodlove 2 ай бұрын

Glad you think so!

@ikchuks4u891 Жыл бұрын

Thank you

@capitalfx360focusedonprofi4 Жыл бұрын

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.

@arifayankolade2165 10 ай бұрын

5.5% is base on the overall 10% not the daily.

@wealthycorner Жыл бұрын

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?

@mushroompecker9194 9 ай бұрын

I thought it was just me.

@abiazhottest 4 ай бұрын

That's because of spread

@michaelagyemang6632 Жыл бұрын

Wow I know better now before buying any propfirm

@enzy2930 Жыл бұрын

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??

@MONEYONPOINT Жыл бұрын

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

@anthonychukwuebuka263 Жыл бұрын

I list three accounts to Dailly drawdown

@cardinalezidi5199 Жыл бұрын

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.

@jimohsani1134 Жыл бұрын

Really appreciate, thankss

@africanation702 Жыл бұрын

😊

@NdemazeahGodlove Жыл бұрын

🏆🏆🏆❤️❤️💰💰

@peteobiefuna4955 Жыл бұрын

U sound like an akwa ibom guy

@egbebiyilordsonobaniyi7858 Жыл бұрын

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

@leocele5671 Жыл бұрын

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

@ezakaisrael9457 Жыл бұрын

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

@NdemazeahGodlove Жыл бұрын

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

@danieldauda8775 Жыл бұрын

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?

@user-ji7zx7id5j 2 ай бұрын

Yes but stay away from news for prop firms

@crystal9jamedia9 Жыл бұрын

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 Жыл бұрын

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

@rosaleetequillo3726 Жыл бұрын

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

@brainz_artz1593 11 ай бұрын

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❤

@charlesbabu5845 10 ай бұрын

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.

@user-dc2zf7kj7g 2 ай бұрын

How can I connect to you

@imohimoh8779 Жыл бұрын

I need your robot on RSI

@Heissuma 3 ай бұрын

DO YOU TEACH HOW TO CREATE EA

@user-dc2zf7kj7g 2 ай бұрын

I want to get my AI

@ojoebenezer8932 3 ай бұрын

This is what happened to me. Daily draw down

@dicksonmashimo5195 Жыл бұрын

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

@hutup9092 Жыл бұрын

Trueforex funds

@NdemazeahGodlove Жыл бұрын

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

@rosaleetequillo3726 Жыл бұрын

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

@toniataba123 Жыл бұрын

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

@CharlesGwany Жыл бұрын

Which prop firm do u use

@NdemazeahGodlove Жыл бұрын

Many sir, check link on video description

@birukmisgana2276 Жыл бұрын

Best

@felixdavid4078 Жыл бұрын

Is it advisable to trade news in our funded account 🤔

@NdemazeahGodlove Жыл бұрын

yes if you have a good news trading strategy

@felixdavid4078 Жыл бұрын

@@NdemazeahGodlove yes is straddle strategy

@anthonyemmanuel4356 Жыл бұрын

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

@micaholatunji805 Жыл бұрын

First to watch

@Forexwizard.1218 4 ай бұрын

Bro you're the best 🙌🙌🤌

@mbahdamion1856 Жыл бұрын

Please which proprietary firm will you recommend..??

@NdemazeahGodlove Жыл бұрын

Please check recommended prop firms on my video description

@felixod87 Жыл бұрын

❤

@bizzay3759 Жыл бұрын

Does the bot work on mt4??

@NdemazeahGodlove Жыл бұрын

MT5 sir

@cheeweefoo4590 Жыл бұрын

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

@NdemazeahGodlove Жыл бұрын

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

@rosaleetequillo3726 Жыл бұрын

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.

@cheeweefoo4590 Жыл бұрын

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.

@zachnyatela3295 Жыл бұрын

💖👍💖💖💖💖💖

@leocele5671 Жыл бұрын

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

@deniskk2 Жыл бұрын

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 Жыл бұрын

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 Жыл бұрын

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.