What does Ambitious Investing's mentorship actually offer?
The video shows a paid beginner trading course run over a 10-week schedule, live group calls including a dedicated London-session call, and informal one-on-one coaching between RihariFX members, alongside a referral link to open a Blueberry Markets account for signals described as free.
During the recorded beginner call, the hosts walk newer traders through the bid-ask spread, explaining why a broker takes money "right off the bat" and how that affects stop-loss placement. The video says the following weeks in the same 10-week cycle cover pip value and lot sizing, before the course resets and takes in a new group. Separately, the vlog shows Rihari giving informal, one-on-one feedback to another trader (referred to as H) about a losing streak, identifying "phone entries" and scalping without a clear setup as the cause. That exchange is personal coaching shown on camera, not a described feature of the paid course, and the video does not say whether individual mentoring like this is included in the course price or offered separately.
Is Rihari or Ambitious Investing licensed to give financial advice?
Nothing in the video states or displays an Australian financial services licence, a broker authorisation, or any other regulatory registration for Rihari, RihariFX, or Ambitious Investing. That absence is not proof of wrongdoing, but it means licensing cannot be confirmed from this source.
The video positions the course as trade education and signal access tied to opening an account with Blueberry Markets, a named broker. It does not mention a licence number, a regulator, or a complaints process. Anyone considering paying for the course should treat licensing as unverified and check the relevant regulator's public register directly rather than relying on anything shown in the video.
What trading results does the video claim, and are they verified?
The video claims Rihari personally funded roughly $1.2 million: one $300,000 Apex combine passed in a day early in the year, then three more $300,000 accounts in a single day later that month. These are unverified spoken claims from a casual podcast chat — no account statements or documents were shown.
No account statement, broker export, or third-party audit appears in the video to support these figures. The same segment also shows Rihari trading a much smaller $50 combine that day, admitting to losing roughly $300 on "dumb trades" the day before and needing to requalify. The outro song lyric referencing a 28.8% gain is presented as music, not a disclosed trading statement, and is not treated here as a performance claim. None of these figures describe what a typical student earns, only what Rihari says happened to his own accounts.
What does the "student thought I was a scammer" title refer to?
The video's title references a student who reportedly doubted Rihari's legitimacy, but the transcript itself does not narrate that incident, explain what triggered the doubt, or show how it was resolved. The footage instead covers daily life: a workout, golf with two other traders, chart analysis, and coaching calls.
Because the source material does not address the claim in the title, this article cannot verify, explain, or resolve it. The most that can be said from the video is that one of the featured traders (George) jokes on camera that some followers see the pair as scammers before they experience the course, while others reportedly find value once enrolled. That is a claim about audience perception recounted by the hosts themselves, not an independently documented event.
How does prop-firm funded trading fit into the pitch?
Prop-firm funding lets a trader risk a firm's capital instead of their own, in exchange for passing a paid "combine" or challenge and following its rules. The video frames this as a way to trade six or seven figures of capital "without risking your own money," and treats passing combines as a marker of trading skill.
The video also shows the less polished side of that process: Rihari mentions needing several hundred dollars to attempt a $50,000 combine, losing an earlier attempt to poor trades, and floating a position with a small stop-loss to protect the funded target. It does not disclose the challenge fees, profit splits, reset costs, or payout terms for Apex or any other prop firm named, so the full cost of pursuing funded accounts cannot be confirmed from this source.
What do independent statistics say about the odds of profiting from CFD and forex trading?
Two independent, non-video sources give useful context for anyone weighing a trading mentorship. Retail CFD trading, the category that includes most prop-firm-style trading, carries a documented high failure rate, while the forex market itself is enormous and highly liquid.
ASIC Report 828: Risky business records that 68% of Australian retail CFD investors lost money in the 2024 financial year. That statistic covers the broad population of retail CFD traders in Australia, not RihariFX students specifically, and the video does not state what share of its own students are profitable.
The BIS 2025 Triennial Survey reported average daily OTC foreign-exchange turnover of US$9.6 trillion in April 2025, underlining that forex is a deep, liquid market. Market size and liquidity are separate from an individual trader's odds of success, and neither statistic confirms or denies anything about Ambitious Investing or RihariFX specifically.
How do the video's claims compare with what's independently verified?
The table below separates what Rihari or the video says on camera from what is confirmed by evidence outside the video itself. Nothing in the right-hand column comes from the transcript; it reflects the absence of supporting documentation or outside sourcing.
| Claim in the video | What is independently verified | | --- | --- | | Rihari passed a $300k Apex combine in one day, then three more in a month | Not verified; spoken claim only, no account statement shown | | "Imagine trading 6-7 figures of funded capital without risking your own money" | Prop-firm mechanics generally involve paid challenges, fees and payout rules not disclosed in the video | | Blueberry Markets signals are described as free after sign-up | Broker terms, spreads and any conditions attached to the offer are not shown in the video | | The beginner course runs a structured 10-week cycle with live calls | Consistent with what is shown on the recorded beginner call itself | | A student reportedly called Rihari a scammer before enrolling | Not explained or resolved in this video; referenced only in the title | | Retail CFD trading is broadly risky | ASIC Report 828 records 68% of Australian retail CFD investors lost money in FY2024 |
How should you evaluate a trading mentorship offer like this before paying?
Treat lifestyle and results content as marketing, and separate it from documentation you can independently check before committing money to any course, signal service, or prop-firm challenge. The steps below are general due-diligence practice, not specific to Ambitious Investing.
- Ask directly for any financial services licence number and verify it on the relevant regulator's public register rather than trusting a claim made on camera.
- Request audited account statements or broker-verified trade history for any results quoted, not screen recordings or spoken figures.
- Read the prop firm's combine or challenge terms in full, including fees, profit splits, reset costs, and payout conditions, before paying for an attempt.
- Add up the total cost across course fees, combine attempts, and any broker deposit required to access "free" signals.
- Ask what percentage of enrolled students are profitable after the course, not just what the most successful individual traders have achieved.
- Weigh any pitch against the base rate: ASIC's data shows most Australian retail CFD traders lose money, so a mentorship claiming otherwise for its own students should be asked to prove 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.
Does the video prove Rihari or Ambitious Investing holds a financial services licence?
No. The transcript contains no mention of a licence number, regulator, or authorisation, so licensing status cannot be confirmed from this video and should be checked independently before paying for the course.
Is the $1.2 million in funded prop-firm accounts independently verified?
No. The figure comes from Rihari describing his own results during a casual conversation in the video. No account statement, broker export, or third-party audit is shown to support it.
What exactly does the beginner course cover?
The video shows a 10-week cycle with live calls; the recorded beginner call covers the bid-ask spread and why brokers take money at entry, with pip value and lot sizing described as later weeks in the same cycle.
Are the trading signals really free?
The video says signals are free after signing up to a Blueberry Markets account and making the deposit a trader would use anyway. It does not disclose that broker's spreads, fees, or any other conditions.
Does the video explain the 'student thought I was a scammer' claim in the title?
No. The transcript does not narrate that incident or how it was resolved; the footage covers unrelated daily-life content, so this article cannot verify or explain the claim.
What share of Ambitious Investing or RihariFX students actually make money?
The video does not state this figure. It shows individual anecdotes about Rihari's own funded accounts, not aggregated or audited results across the student base.
How risky is retail CFD and forex trading generally?
ASIC Report 828 records that 68% of Australian retail CFD investors lost money in the 2024 financial year, a base rate that applies broadly and is not specific to this mentorship's students.
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.