Round Table Special | The BIGGEST DOWNFALL of PROP FIRM TRADERS
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- Опубликовано: 8 июл 2024
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Guests
Le Liu
IG: / itsjust_liu
Jabu Souls
IG: / jabu_souls
Andrew Walker
IG: / goat_andrew
Hosts:
Nqobile Tembane
IG: / nqobiletembane
MJ Givens Kgasi
IG: / mjgivens911
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Business Enquires:
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Timestamps
0:00 Intro
4:20 ad
5:15 intro
5:42 The Guests involvement in the Prop Firm space.
10:40 How MMF changed the Prop Firm space.
12:45 The biggest downfall of Prop Firm traders.
21:20 Why Prop Firms can change your trading style for the better.
29:41 The market doesn’t care about your bills and why knowing this can help you better trade.
32:10 The REASON why Prop Firms exist.
45:46 What it takes to run a Prop Firm.
47:30 What REAL risk management looks like.
54:06 The biggest problem with compounding trades.
59:06 You are delayed by what you are inspired by.
1:09:57 MFF had a great money making business model.
1:11:02 Does it matter if you trade on the live Market?
1:20:43 Banks are regulated Ponzi schemes.
1:23:55 Execution or Spread. Which one you should care about.
1:27:25 How slippage can affect a trader.
1:29:57 Closing remarks
1:43:07 Outro
Business Enquires:
📨 toptradersouthafrica@gmail.com
Top Trader SA (PTY) Ltd is a Media & Production Company that specializes in trading content creation.
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#ForexSouthAfrica #tradingmadeclear
I like how you guy keep on educating us about the financial market. Can you please find someone who's going to educate us about the TAX when you're Trader. Dankie 🙏
Yes we have lined up someone to come sit down with us.
But if they tax a trader must also tax the bank it's self.
The biggest forex podcast in Africa...big up guys road to 500k subcribers
Finally we have our own prop firm fo mzansi people.
The other problem in South Africa is that we do not have many traders as majority are just followers to the Influcers who are just selling a lifestyle , this is where my concern comes as to how will a South African based Prop Firms survive in such conditions?
Prop Firm can accelerate the growth of a trader , who already knows how to trade and not a newbie trader who is still trying to figure out the game..
It is also best for the trader to know that their models are not designed for a trader to win , I heard your guests disagreeing with that and if I had a chance to speak to them I would simply ask them what was the point of the 30day time limit and two evaluation phases and how does that benefit the trader?
One last thing the drawdown limit on the first phase evaluation what is the point of it as it is a demo account even on the second evaluation.
All the things that I've mentioned do not benefit the Trader and removing the drawdown limit and 30day time limit would never affect the Prop Firm.
All the restrictions were put in place to see if traders are able to maintain discipline during trading. It is to assess whether the trader will be able to keep the account and not blow it
@@michaelbukasa3608 that's nonsense , be realistic do you think 10% is achievable within 30days time limit without over risking?
If that's discipline then why did they decide to remove it from their business..
Even though they remove some of the things the business model is still designed for the trader to lose for instance why put a drawdown limit on a demo trial?
“The world of finance is not your African national congress.” 🎤🚶🏼♀️🚶🏼♀️🚶🏼♀️That said it all. There’s nothing more left to say after that. Those who didn’t hear won’t be able to.
In all honesty, if there was ever a person who I'd like to meet, it's MJ! He is just on a level that is second to none.
So much knowledge and wisdom with a great sense of humour.
As a Number 1 supporter of Industry charts podcast We need atleast 2 episodes a week🤞😎
Hey please guys also get us someone to teach us about tax when you're a day trader
we need More of these All Round Talks its Fire👌👌💯🔥🔥🔥
MJ my type of guy. Very funny yet very sharp and no nonsense type. Love you my two hosts
Nice and educational episodes as always🤞🏾
well this is one of the less among many channels that discuss facts and dont sugar coute anything,,and this give me more courage to alwsys check,whats new
keep doing the great job guys
Keep doing great job I ❤️ this show
I LOVE TOP TRADER SOUTH AFRICA❤❤❤❤
Very insightful interview 👌🏾
I love this channel ❤
Love the consistency
Didn't know about this prop firm will give it a try
Interesting 🤔
1:44:56 listening patiently waiting for xumshelele, i can't really recall what the interview is all about
I love Nqobile's energy today.😂🔥❤
Please interview jason noah
I have felt in love with this prop firm, can l access mzanzi funds from kenya?
when are we seeing Nasdaq Ninja we know his from Limpopo but we can learn alot from that guy
No sound the whole interview no sound guys
which sound
Please try refreshing if on PC. If you are on mobile close the video and try opening it up again.
Yeah it's fyn now thnks
great content as always.😀
What broker does mft use?
Mzansi global markets
Is MFT for South Africans only?
Hi nqobile, u never mentioned the name of a prop firm of these guys
Really disappointed at the audio of this video.
Noted. Improvements to come.
So... these guys own a prop firm... and then their own broker. I bet the prop firm uses said broker. You don't see the clear conflict of interest in that??
andy got a weird accent 🤔
3 months no one passed