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
@@TheLifeofMasterfulMike 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 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?
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.
“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.
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
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??
The biggest forex podcast in Africa...big up guys road to 500k subcribers
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
@@TheLifeofMasterfulMike 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 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?
Finally we have our own prop firm fo mzansi people.
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.
“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.
1:44:56 listening patiently waiting for xumshelele, i can't really recall what the interview is all about
we need More of these All Round Talks its Fire👌👌💯🔥🔥🔥
Hey please guys also get us someone to teach us about tax when you're a day trader
MJ my type of guy. Very funny yet very sharp and no nonsense type. Love you my two hosts
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
As a Number 1 supporter of Industry charts podcast We need atleast 2 episodes a week🤞😎
I have felt in love with this prop firm, can l access mzanzi funds from kenya?
Keep doing great job I ❤️ this show
Very insightful interview 👌🏾
I love this channel ❤
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
Hi nqobile, u never mentioned the name of a prop firm of these guys
Didn't know about this prop firm will give it a try
when are we seeing Nasdaq Ninja we know his from Limpopo but we can learn alot from that guy
I LOVE TOP TRADER SOUTH AFRICA❤❤❤❤
Love the consistency
Interesting 🤔
Please interview jason noah
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??
I love Nqobile's energy today.😂🔥❤
Really disappointed at the audio of this video.
Noted. Improvements to come.
great content as always.😀
andy got a weird accent 🤔