How do you become a millionaire trader, according to Rihari?
Rihari says there is no formula: he traded manually for three years, including a first year in which he lost $50,000, before what he calls his first big day, a $110,000 result in 2023. He frames repetition and market study as the actual path, not a shortcut.
This account comes from an unscripted Q&A video, filmed while Rihari played a round of mini golf with his son and friends and answered questions a poll had generated. The video says these are personal recollections read aloud, not a structured course or a written record of results.
What does Rihari say his first years of trading looked like?
Rihari says he started trading in 2020 and was not profitable in his first year, losing about $50,000. He calls that loss normal, saying "everyone starts off like that," and describes three more years of trading before his first big result.
Rihari says the $110,000 day came in 2023, three years after he began, and that results at that scale are now, in his words, "normal." No figures beyond these two numbers, the $50,000 loss and the $110,000 day, are given in the video, and neither is backed by trading statements, tax records or audited results in what he says.
Is Rihari's "AI strategy" actually AI trading?
No. Rihari says that despite the Ambitious Investing name, he does not use artificial intelligence to place trades: it is manual trading from start to finish. He says "AI strategy" is simply the name of the method he teaches, built from what he has learned and adapted over time.
He says he does use market analysis tools, which he calls "market AI," but frames that as an aid to manual decisions, not an automated system placing trades on his behalf. The video says the name of his business should not be read as a claim about how the trades are actually made.
Is scalp trading a realistic path to big profits, in Rihari's account?
Rihari says scalp trading can be profitable, claiming "the best trader in the world is a scalp trader." He argues it only looks like gambling when a trader lacks a structured way of reading short-term price movement, calling that his own approach to it.
This is Rihari's stated opinion in the video. No trader is named, no data is given, and the claim is not independently checked in this article. It should be read as one trader describing his own approach, not as a documented industry finding.
Can Rihari's strategy be used on stocks and crypto?
Rihari says he personally does not trade stocks or crypto, but claims the market-reading approach behind his method applies to any asset because it teaches how price structure behaves rather than asset-specific tricks.
This is presented in the video as Rihari's personal view of his own method, not as a tested result, a licensing claim, or a promise that the approach performs the same way across different markets.
What do independently verified statistics say about the market Rihari trades in?
Two independently published sources give scale to the market Rihari describes. Neither figure comes from Rihari or the video; both are cited here only as external context for retail trading and the forex market generally.
- According to ASIC Report 828: Risky business, 68% of Australian retail CFD investors lost money in the 2024 financial year.
- According to the BIS 2025 Triennial Survey, average daily OTC foreign-exchange turnover reached US$9.6 trillion in April 2025.
These figures describe the wider retail CFD and forex environment in Australia and globally. They do not measure Rihari's own results, confirm or contradict his account, or say anything about outcomes for people who follow his teaching specifically.
| Topic | Rihari says (video) | Independently verified | |---|---|---| | Trading method behind "AI strategy" | Manual trading; no automated AI trading | Not addressed in the video; personal account only | | Time to first big result | About three years, after a $50,000 first-year loss | Not addressed in the video; personal account only | | Scalp trading profitability | Can be highly profitable with a structured approach | Not addressed in the video; personal account only | | Retail CFD trader outcomes, Australia FY2024 | Not addressed in the video | ASIC Report 828: 68% of retail CFD investors lost money | | Global daily FX turnover | Not addressed in the video | BIS 2025 Triennial Survey: US$9.6 trillion average daily OTC turnover, April 2025 |
What are the actual steps behind Rihari's account of becoming a millionaire trader?
Rihari's account, told step by step, moves from an unprofitable first year through several years of continued manual trading to what he calls his first big result. The numbered list below follows only what he states in the video, in the order he gives it.
- Rihari says he started trading in 2020, learning manually rather than through an automated or AI-driven system.
- Rihari says his first year was unprofitable and he lost about $50,000, which he describes as a normal part of learning to trade.
- Rihari says he kept trading through the unprofitable period rather than stopping, describing it as something "everyone" who trades has to get through.
- Rihari says that by 2023, three years after he began, he had a single day where he made $110,000, which he calls the start of consistently large results.
- Rihari says he built his method by studying the market directly and adapting what he learned, rather than copying another trader's packaged strategy.
- Rihari says the one thing he tells someone starting out to prioritise is education: understanding what you are looking at and why the market moves, before trading with confidence.
How does Rihari describe what a beginner should actually do?
Rihari says the single requirement he gives a beginner is education: understanding what you are looking at, how the market moves and why, before trading with confidence. He does not offer a timeline, a technique, or a course in this video beyond that instruction.
He gives no promise of income, no guaranteed outcome and no specific product in this answer. His own account, by his telling, still involved a $50,000 loss and three years before a result he considered large, which he offers as the honest version of "how" rather than a formula for replicating it.
Which sources support these statistics?
ASIC Report 828 and the Bank for International Settlements 2025 Triennial Survey support the cited statistics. They report market-wide CFD-loss and foreign-exchange-turnover data, not evidence that a trading method, educator or reader will obtain any particular result.
- ASIC Report 828: Risky business — 68% of retail CFD investors lost money in FY24.
- Bank for International Settlements 2025 Triennial Survey — OTC FX turnover reached US$9.6 trillion per day in April 2025.
What questions do readers ask about this topic?
The answers below address the adjacent practical questions readers ask after reviewing the article and its source material. Each answer describes the available evidence and does not replace an independent review of current terms, risks or personal circumstances.
Did Rihari make $110,000 in one day?
Rihari says in the video that in 2023 he made $110,000 in a single day, which he describes as the start of him making consistently large amounts. This is his own account, not an audited or independently verified trading record.
Did Rihari lose money before he became profitable?
Yes. Rihari says he started trading in 2020 and lost about $50,000 in his first year, describing that experience as typical for new traders rather than as a personal failure.
Does Rihari use artificial intelligence to trade?
No. Rihari says that despite the Ambitious Investing name, he trades manually and calls his taught method the "AI strategy" as a name, using market analysis tools only as an aid rather than for automated trading.
What percentage of retail CFD traders in Australia lose money?
According to [ASIC Report 828: Risky business](https://download.asic.gov.au/media/tq0he35c/rep828-published-20-january-2026.pdf), 68% of Australian retail CFD investors lost money in the 2024 financial year. This is an independently reported industry-wide figure, not a claim made by Rihari in this video.
How big is the global forex market?
The [BIS 2025 Triennial Survey](https://www.bis.org/statistics/rpfx25_fx.pdf) reported that average daily OTC foreign-exchange turnover reached US$9.6 trillion in April 2025. This figure comes from the Bank for International Settlements, independent of Rihari or any claims in the video.
Does Rihari say his strategy guarantees profit?
No. In the video Rihari does not promise income or guaranteed profit. He says his own path involved a $50,000 loss and three years before a large result, and that education, not a guarantee, is what he tells beginners to prioritise.
Which RihariFX videos support this article?
The embedded RihariFX videos and their original English transcripts are the primary sources for the source-video claims in this article. They record what was said in each video and do not independently verify performance, price, licensing or typical results.