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

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  • Опубликовано: 8 ноя 2024

Комментарии • 123

  • @ogbonnaya55
    @ogbonnaya55 Год назад +6

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

  • @Mic-DaddyGold
    @Mic-DaddyGold Год назад +5

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

  • @ayodeleaderemi6008
    @ayodeleaderemi6008 Год назад +4

    Your content is legit , no twist.

  • @ChereniMhlanga-qu8nx
    @ChereniMhlanga-qu8nx Год назад +1

    Okay bro, I have been following you on RUclips 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.

  • @rosaleetequillo3726
    @rosaleetequillo3726 Год назад +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 Год назад

      update sister,how did it end

  • @Smokieray1
    @Smokieray1 Год назад +3

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

  • @AKPANITIATUTIBEGOC
    @AKPANITIATUTIBEGOC Месяц назад +1

    AAAHHHH BOSS, GOD BLESS YOU FOR THIS VIDEO🙌🙌🙌🙌
    I AM JUST ABOUT TO PARTAKE IN PROP FIRM

  • @peterdimkpa-y1u
    @peterdimkpa-y1u Год назад +4

    Thanks for these explanation. bravo👍

  • @dogaragabriel
    @dogaragabriel Год назад +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 RUclips. Thank you very much for this one. You gave a concise explanation of what draw down mean..

  • @TradingPaths
    @TradingPaths Год назад +2

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

  • @Sechmaditrading
    @Sechmaditrading 9 месяцев назад +1

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

  • @yonaltradespng
    @yonaltradespng Год назад +1

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

  • @shayzdag1866
    @shayzdag1866 Год назад +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

  • @natureboy460
    @natureboy460 Год назад +3

    The best is yet to come 🏆🏆🏆

  • @charles_money
    @charles_money Год назад +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

  • @juochiokpala8384
    @juochiokpala8384 Год назад +6

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

    • @joanessyakubu8994
      @joanessyakubu8994 Год назад

      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.

  • @lalaifali6109
    @lalaifali6109 Год назад +2

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

  • @fridaychinweokwu
    @fridaychinweokwu Год назад +4

    You be a man, thank you so much.

  • @ebenadewale8763
    @ebenadewale8763 Год назад +2

    Golden tips ! Thank you mentor

  • @NorthernStoryline
    @NorthernStoryline Год назад +1

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

  • @nshimiyimanamartin3886
    @nshimiyimanamartin3886 Год назад +2

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

  • @wealthycorner
    @wealthycorner Год назад +5

    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?

  • @peteregwufx
    @peteregwufx Год назад +1

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

  • @fraternaltwinz
    @fraternaltwinz Год назад +1

    So nice hearing from you boss

  • @emuesirikevinokejero4653
    @emuesirikevinokejero4653 10 месяцев назад +1

    Thank you so very much for this explanation.

  • @shuimohserge
    @shuimohserge Год назад +2

    Very educative sir, keep it up

  • @Wanzii04
    @Wanzii04 4 месяца назад +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

  • @cardinalezidi5199
    @cardinalezidi5199 Год назад +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.

  • @landiismollel4075
    @landiismollel4075 Год назад

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

  • @Yanoko111
    @Yanoko111 Год назад +1

    Thank you bro for this amazing and educated video

  • @vir78sen
    @vir78sen Год назад

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

  • @joanessyakubu8994
    @joanessyakubu8994 Год назад +1

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

  • @nicoluslekolwana3878
    @nicoluslekolwana3878 Год назад +1

    Thank you brother for clarifying that 🙏

  • @lesedimokwena3626
    @lesedimokwena3626 9 месяцев назад

    This is always one tricky part,thank you ☺️

  • @johnjofa1629
    @johnjofa1629 9 месяцев назад +1

    Awesome content!❤

  • @princechikaodiri6952
    @princechikaodiri6952 Год назад +1

    Thanks alot for this insight

  • @forexgenius9008
    @forexgenius9008 Год назад +1

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

  • @d2c7180
    @d2c7180 Год назад

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

  • @mbahdamion1856
    @mbahdamion1856 Год назад +1

    Thanks for this

  • @UkCEO
    @UkCEO 7 месяцев назад

    GOD bless you for this Sir👏

  • @Jimmy_fx
    @Jimmy_fx Год назад

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

  • @hustlehard7175
    @hustlehard7175 Год назад

    Explained well 💯

  • @mankindfx
    @mankindfx Год назад

    Thanks for this information

  • @capitalfx360focusedonprofi4
    @capitalfx360focusedonprofi4 Год назад

    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.

  • @phadaphadavhukhudo3973
    @phadaphadavhukhudo3973 6 месяцев назад +1

    Very very clear

  • @michaelagyemang6632
    @michaelagyemang6632 Год назад +1

    Wow I know better now before buying any propfirm

  • @crystal9jamedia9
    @crystal9jamedia9 Год назад +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  Год назад +1

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

    • @rosaleetequillo3726
      @rosaleetequillo3726 Год назад

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

  • @enzy2930
    @enzy2930 Год назад

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

  • @ebenzzey
    @ebenzzey Год назад

    Very useful content

  • @anthonychukwuebuka263
    @anthonychukwuebuka263 Год назад +1

    I list three accounts to Dailly drawdown

  • @charlesbabu5845
    @charlesbabu5845 Год назад +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.

  • @danieldauda8775
    @danieldauda8775 Год назад +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?

    • @clemenceRoman-h3j
      @clemenceRoman-h3j 6 месяцев назад

      Yes but stay away from news for prop firms

  • @MONEYONPOINT
    @MONEYONPOINT Год назад

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

  • @fortunate981
    @fortunate981 Год назад +1

    Thank you so much

  • @samthecreator10
    @samthecreator10 Год назад

    Thanks for sharing

  • @philemonigomu4067
    @philemonigomu4067 2 месяца назад

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

  • @ezakaisrael9457
    @ezakaisrael9457 Год назад

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

    • @NdemazeahGodlove
      @NdemazeahGodlove  Год назад

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

  • @gbiz
    @gbiz Год назад +1

    Thank you

  • @chinedukalu1762
    @chinedukalu1762 Год назад

    Thank you sir
    I've missed you

  • @OlusegunGbenga-l6g
    @OlusegunGbenga-l6g 6 месяцев назад +1

    How can I connect to you

  • @enzy2930
    @enzy2930 Год назад

    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??

  • @felixdavid4078
    @felixdavid4078 Год назад +2

    Is it advisable to trade news in our funded account 🤔

  • @dicksonmashimo5195
    @dicksonmashimo5195 Год назад +2

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

    • @hutup9092
      @hutup9092 Год назад

      Trueforex funds

    • @NdemazeahGodlove
      @NdemazeahGodlove  Год назад

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

    • @rosaleetequillo3726
      @rosaleetequillo3726 Год назад +1

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

    • @toniataba123
      @toniataba123 Год назад

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

  • @aarondanladi5687
    @aarondanladi5687 3 месяца назад

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

  • @AbayomiSikiru
    @AbayomiSikiru 3 месяца назад

    I like your mentor

  • @egbebiyilordsonobaniyi7858
    @egbebiyilordsonobaniyi7858 Год назад +1

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

  • @leocele5671
    @leocele5671 Год назад

    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

  • @technologyanddevices7889
    @technologyanddevices7889 3 месяца назад

    Thanks

  • @OlusegunGbenga-l6g
    @OlusegunGbenga-l6g 6 месяцев назад +1

    I want to get my AI

  • @Heissuma
    @Heissuma 7 месяцев назад

    DO YOU TEACH HOW TO CREATE EA

  • @ojoebenezer8932
    @ojoebenezer8932 7 месяцев назад

    This is what happened to me.
    Daily draw down

  • @brainz_artz1593
    @brainz_artz1593 Год назад

    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❤

  • @CharlesGwany
    @CharlesGwany Год назад +1

    Which prop firm do u use

  • @imohimoh8779
    @imohimoh8779 Год назад

    I need your robot on RSI

  • @mbahdamion1856
    @mbahdamion1856 Год назад +1

    Please which proprietary firm will you recommend..??

    • @NdemazeahGodlove
      @NdemazeahGodlove  Год назад

      Please check recommended prop firms on my video description

  • @anthonyemmanuel4356
    @anthonyemmanuel4356 Год назад

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

  • @cheeweefoo4590
    @cheeweefoo4590 Год назад +1

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

    • @NdemazeahGodlove
      @NdemazeahGodlove  Год назад +1

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

    • @rosaleetequillo3726
      @rosaleetequillo3726 Год назад

      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.

  • @Mic-DaddyGold
    @Mic-DaddyGold Год назад +2

    First to watch

  • @felixod87
    @felixod87 Год назад +1

  • @birukmisgana2276
    @birukmisgana2276 Год назад

    Best

  • @Forexwizard.1218
    @Forexwizard.1218 8 месяцев назад

    Bro you're the best 🙌🙌🤌

  • @cheeweefoo4590
    @cheeweefoo4590 Год назад +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.

  • @bizzay3759
    @bizzay3759 Год назад +1

    Does the bot work on mt4??

  • @zachnyatela3295
    @zachnyatela3295 Год назад

    💖👍💖💖💖💖💖

  • @leocele5671
    @leocele5671 Год назад

    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
    @deniskk2 Год назад +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  Год назад +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 Год назад

      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.

  • @dprincegraphix4150
    @dprincegraphix4150 3 месяца назад

    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

  • @ifeanyiizuegbu
    @ifeanyiizuegbu Год назад +1

    Thanks boss for this

  • @ikchuks4u891
    @ikchuks4u891 Год назад +1

    Thank you