In this episode of The Words of Rizdom Podcast we are joined by Ben Sparham, a 12 year veteran Trader who worked at the Institute of Trading & Portfolio Management with connections to Goldman Sachs & JP Morgan. Ben is a Pro-Trader who predominantly trades US equities and has years of experience in the markets, he shares some of his secrets in both the institutional & retail side of trading. We discuss the evolution of the trading industry, prop firms and psychology. _ Ben’s Twitter: https://twitter.com/bensparham_ — ⬇️⬇️ JOIN THE PATREON TODAY! ⬇️⬇️ https://www.patreon.com/WordsofRizdom 🚨 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" ⬇️ https://skilledfundedtraders.com (Lifetime Code) ⬇️ 35% OFF Virtual Accounts With The 10% Virtual Drawdown Option for $5k to $25k Accounts Use Code "SFTXDISCORD" ⬇️ https://skilledfundedtraders.com (Lifetime Code) ⬇️ 20% OFF Virtual Accounts With The 10% Virtual Drawdown Option Use Code "RIZ20" ⬇️ https://skilledfundedtraders.com (Lifetime Code) ⬇️Join the Skilled Funded Trader Discord: ⬇️ https://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 ⬇️ https://www.tradezella.com/?via=riz ⬇️Use Code “WOR” for 20% off your yearly subscription ⬇️ https://www.tradezella.com/?via=riz — 🔴 Free Telegram Community! 👉🏽 https://t.me/+1bdqmFuRky8yZWQx Riz’s Instagram: https://instagram.com/wordsofrizdom Riz’s Twitter: https://twitter.com/wordsof_rizdom 🔴 Free Telegram Community! 👉🏽 https://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: https://linktr.ee/wordsofrizdom Twitter: @Wordsof_Rizdom - https://twitter.com/wordsof_rizdom Instagram: @wordsofrizdom - https://instagram.com/wordsofrizdom Email: riz@wordsofrizdom.com Timestamps: 0:00 - Introduction 4:35 - How the trading industry has developed 5:56 - Coming from a 9-5 to Trading 7:53 - Key differences between pro & beginner traders 12:54 - Explaining portfolios 19:45 - Being on a trading floor 23:04 - Falling for scams in the trading industry 25:55 - Thoughts on prop firms 36:38 - Mindset when taking prop challenges 44:20 - Ben’s experience in institutional trading 50:42 - Running a trading floor in Mayfair 57:03 - How to find & source investors 59:55 - Negative perception of investors 1:04:51 - Trading for the wrong reasons 1:09:38 - How a trade floor operates 1:13:14 - Benefits/drawbacks of trading with others 1:19:30 - The effects of Covid 1:21:46 - Trading during black swan events 1:27:02 - How politics affects trading 1:39:54 - Quick fire questions DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only #trading #daytrading #propfirms #forex