Andrew NFX: Profitable Trader Targeted & BANNED By Prop Firms | EP.78
HTML-код
- Опубликовано: 19 июн 2024
- In this episode of The Words of Rizdom Podcast we are joined by Andrew NFX.
-
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
⬇️Use Code “WOR” for 20% off your yearly 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
__
Andrew's RUclips: / @andrewnfx
Andrew's Twitter: x.com/andrew_nfx
Andrew's Instagram: / andrewnfx
Riz’s Instagram: / wordsofrizdom
Riz’s Twitter: / wordsof_rizdom
🔴 Free Telegram Community! 👉🏽 t.me/pocketsofrizdom
I hope you all enjoy this episode, let me know who you'd like to see on the podcast. 🙏🏽
SUBSCRIBE BELOW! Turn your notification bell on so you can be notified when videos like this get dropped. Drop a like on the video to help this channel grow. 💪🏽
Feel free to get in touch with the details below.
Where to find me:
linktr.ee/wordsofrizdom
Twitter: @Wordsof_Rizdom - / wordsof_rizdom
Instagram: @wordsofrizdom - / wordsofrizdom
Email: riz@thevipergroup.com
Website: www.thevipergroup.com
Viper Instagram Page: @viper.group - / viper.group
Timestamps:
0:00 - Introduction
2:55 - Andrew’s Basketball Passion
4:44 - Passing the “Guru” phase of trading
7:58 - Key moments in Andrew’s trading journey
9:55 - How Andrew got into Prop Firms
12:48 - Trading $5.5 Million in Funded Accounts
19:06 - The secret on how to beat prop firms
26:55 - Getting banned by prop firms
32:05 - Traders cheating the system
34:06 - Why Andrew got banned?
39:40 - Companies treating traders badly
43:57 - Are you aloud to trade with friends?
48:29 - Benefits/Drawback of having a following
53:35 - Moving away from prop firms
55:48 - How much Andrew has made from prop firms
57:42 - Goals & Moving forward
59:06 - Andrew’s style of trading & strategy
1:07:21 - Advice to prop firms owners
1:12:10 - Thoughts on people selling courses
1:18:33 - Quick Fire Questions
DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only
#forextrading #trading #daytrading #myforexfunds #propfirms 
Развлечения
🚨 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💪
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 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
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 ✌️🎉💯
A calm trader who has an edge over himself and thus an edge over the markets
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 ❤️💯💯
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...
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?
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.
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 ✍✅
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
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
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.
Looking forward to this episode and excited about learning something new every day!
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.
what i learned is that we have to be disclipine in trading and we should follow risk management to become a profitable trader❤️
Thank you for the valuable forex content! It's been incredibly helpful in improving my trading knowledge and skills.
Major lesson I've picked: Learn to be discipline and build consistency in order to gain profitability #SFT #RIZDOM #IMPACT
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 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.*
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 🇳🇬
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.
I remember watching his interviews with a few firms. He was killing it.
Andrew I'm from south Africa and thank you so much for such an incredible knowledge that you are giving us right now 🙏🔥🙏🔥🙏now I really understand what is happening behind the market
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
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
Understanding the game of random probabilities over a large sample size of data, This is ♨️
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
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 learnt to be persistent, learn from mistakes. It's just a matter of time to be profitable
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
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
Amazing podcast ! Thanks for the shoutout Andrew ✅
discipline and consistency will help you reach profitability and makes u a strong trader that's the key
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.
Excited for this! It should give a lot of value 🤟
Lesson learnt today: Even with good skill set choosing proper prop firim with quality team at background is important in longer run #SFT SFTFORLIFE
I feel this inconsistencies from firms should be addressed ...they need to come expressly to clear the air about these discrepancies
Riz and Calvin podcasts are always 🔥🔥
Facts
Nice interview, great insight, i think its best to mention the prop firms that are sketchy . Also if possible ask brokers that they use .
Andrew emphasizes the importance of discipline, consistency, and replicating the actions of successful individuals. I also learned the need to be cautious when choosing trading education resources. His experiences in prop firms also shed light on the challenges and opportunities traders may encounter in that space. Ultimately, the key takeaway is to focus on a solid trading strategy, continuous learning, and adapting to market conditions for long-term success as a trader.
I hope to win the giveaway
Great interview, thanks! The way these companies seem to be jerking around their best traders begs many questions. Among them, are there any "prop" firms that are going to be around long term and have figured out a way to survive and not mess around? Is there a way to get some warm feelings about this? Will there be crackdowns by various governments on this sort of firm in general forcing them to go through a revolution and the business model? Etc.
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.
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
It’s really fun to see other successful traders
What learned from this podcast is stick to you crazy plan no matter what!!
This has really changed my view about trading and my speed on funds
Wow, Andrew really did a thorough research
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 🙏🏽
Different strategies for different types of trading goals is a great idea
😤😤🤦♂🤦♂ 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??
I learnt 👉 Repetition 👉focus on a particular instrument 👉stay discipline & consistent 👉then build momentum & data 🙏
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
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
There is no doubt that SFT is one of the best propfirm. Unlimited time and my best feature is 6% profit target which is amazing for trader it easily pass your account. Amazing episode you say good question this is the biggest secret for all traders you are telling us ❤ I am surprised you think so much about us 😱
#SFT love you 😘
Aweeeesome podcast! I love this guy! ❤️
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 🙏🏻
Strategy, Growth Mindset, Risk management is all required to be a successful trader
Treating your trading like a business thinking long term will help alleviate the pressure. Great.#SFT
Understood the propfirm space much more and just the way the odds are stuck against you but you yourself have to beat the odds and prove to your self you are undergo any stress and when with more and limited resources
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✍♨️
Thanks a lot for the opportunity
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
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.
Thank you for this wonderful podcast
Extremely wait this podcast informative ❤
You are amazing guys 🎉.. motivational for us...❤
Nothing much to say, but you're a God ❤🎉. Inspired!! Sitting on charts doing the same thing it'll come to you 😊.
GOOD LUCK EVERYONE IN YOUR TRADING JOURNEY
Wating for it to start ❤
REALLY VERY HELPFUL AS ALWAYS AMAZING KNOWLEDGE!!!!!
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
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
I also learnt having a risk management plan to achieve your trading goal
🎉🎉🎉The right mentor can be a game and best game changer for your journey
Business mindset needed in this space!
Discipline,risk management,plan trading this need to be respected all the time.
😀🐐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
Build the discipline is one key point, doing a good research on propfirm and splitting risk is also very very important… trading is hard but it’s worth it 💪💪
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
Input = output, the more you focus on improving your trading eventually you will see the results
Definitely looking forward to this....👏👏
This has literally changed how i view and approach challenges
very nice of both of you. Please adjust the audio up next time
Andrew has the edge in the market because of his high Risk to Reward ratio
I believe with time , Prop firms will have better regulations, adjustments in structure for some of this issues between prop firms and traders .......
But the prop firm industry will stay i believe
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
Andrew NFX the goat himself❤️🔥
yessir ! cant wait rizz 💫💙
In forex, I've learned that successful trading requires a deep understanding of market analysis, risk management, and discipline. It's not just about predicting price movements but also about managing emotions and capital effectively.
Good podcast indeed!🔥🔥
TOP TOP TOP content this Riz, well done!
I LOVE these podcasts!!
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%
Environment also has a role to play in trader's trading journey
I learnt to have a risk management System know when to exit and take a Break from Trading