100% Free for everyone. Built for prop rules. No FT+ account required.
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Trading has many opportunities, but there are also the same few, predictable, and repeated reasons why the vast majority of traders fail. We’ve seen firsthand at Funded Trading Plus through PropIQ, our data-based analysis of millions of simulated prop traders’ trades, why so many traders fail. The data behind these failures is the basis for Andrew Lockwood’s PropIQ Masterclass, which we are providing to all traders, regardless of whether you are currently a customer of ours or not.
The PropIQ Masterclass is a structured course created and led by Andrew Lockwood, a former pit trader with over 35 years of live trading experience. While other courses teach how to trade, PropIQ Masterclass focuses on what the data indicates successful funded traders do differently. The PropIQ Masterclass includes core topics such as; Market Structure, Technical Analysis, Fundamental Analysis, Risk Management, and Trading Psychology. This complete prop trading course was developed upon the real findings of PropIQ regarding Win Rates, Trade Duration, Drawdown Limits, and Consistency.
The course will provide a step-by-step process for understanding all markets and developing data-driven trading strategies. Additionally, PropIQ Masterclass provides a disciplined and repeatable process for traders to develop their trading abilities and help them avoid the “Cycle of Doom,” while improving their overall performance.
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Structured Prop Trader Training
The FT+ Prop Trader Masterclass contains over 13 hours of video training, broken down into 56 bite-sized lessons across 8 core sections. With the average lesson length sitting around 10 to 15 minutes, the content is highly digestible and designed not to overwhelm you. The entire program is completely self-paced, meaning you can get through it at your leisure and easily fit the training around your day job or current trading schedule. You do not need to complete it in one sitting; in fact, Andrew Lockwood recommends that you start with your weakest section, whether that is risk management or psychology, and build your knowledge forward from there.
Core Content Included For Free:
Comprehensive Market Education: Covers everything from basic forex concepts (Lots, Pips, Spread) to advanced institutional strategies.
Strong Focus on Risk Management: Emphasises stop-loss use, risk-to-reward ratios, leverage control, and capital protection to help you survive prop firm drawdown limits.
Trading Psychology Mastery: Includes a supplementary course with FT+ CEO Simon Massey to help you control emotions, reshape limiting beliefs, and develop a professional mindset.
Live Chart Demonstrations: Practical examples of real market conditions for hands-on learning.
Proven Trading Strategies: Exact entry and exit rules for Andrew’s Naked Day Trading, Boomerang Trend Following, and Boomerang Reversal strategies.
Smart Money Concepts: Explores order blocks, liquidity zones, market structure, and price action techniques.
Free Downloadable Resources: Gain instant access to our macro-enabled Trading Journal and printable PDF strategy cheat sheets.
Enrol in Andrew Lockwood’s PropIQ Masterclass Now
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PropIQ Masterclass: Full Course Breakdown
1. Forex Basics and Market Fundamentals
The course begins with a solid introduction to forex trading, setting the foundation for new traders. Andrew explains what forex is, why it exists, and how currencies fluctuate in value. Topics covered include:
Understanding Forex Pairs – Learn how currency pairs work and their role in trading.
Lots and Pips – Discover trade sizing and the significance of pip movements.
Spreads and Order Types – Understand the cost of trading and how to execute trades efficiently.
Leverage and Margin – Learn the risks and rewards of using leverage in trading.
Trading Timezones – Identify the most liquid market hours and their impact on forex volatility.
This foundational knowledge ensures traders can grasp essential forex mechanics before diving into more complex strategies.
2. Technical and Fundamental Analysis
A successful trader must understand both technical and fundamental analysis. The masterclass explores:
Chart Types and Candlestick Patterns – Learn to read candlestick charts, bar charts, and line charts.
Support and Resistance – Master key market levels and their role in trade decision-making.
Technical Indicators – Covers Moving Averages, ATR (Average True Range), MACD, and RSI.
Fundamental Analysis – Learn how economic events and news impact forex markets.
Traders will gain valuable insights into market trends, momentum, and key price levels, helping them make informed trading decisions.
3. Risk Management and Trading Psychology
Risk management is at the heart of profitable trading. Andrew emphasises:
Stop Loss Strategies – The most critical order in trading to protect capital.
Risk-to-Reward Ratio – Understanding probability and long-term success.
Psychology and Emotional Control – Avoiding “revenge trading” and mastering discipline.
The Cycle of Doom – Identifying common pitfalls that cause traders to fail.
The Business Plan and Probabilities – Treating trading as a professional endeavor rather than gambling.
These lessons are crucial for maintaining consistency, avoiding large drawdowns, and staying in the game long-term.
4. Advanced Trading Strategies
The masterclass introduces two highly effective trading strategies:
Naked Day Trading Strategy
A pure price action approach that removes unnecessary indicators.
Focuses on support and resistance levels for high-probability trade setups.
Requires only 10-15 minutes of analysis per day, making it ideal for traders with limited time.
Boomerang Trend Strategies
Boomerang Trend Following – Enter trades after a market pullback within an existing trend.
Boomerang Trend Reversal – Identifies when trends are about to change for high-reward setups.
Each strategy includes detailed entry, exit, and risk management rules, ensuring traders can apply them confidently in live markets.
5. Market Structure, Liquidity, and Smart Money Concepts
To trade like a professional, understanding institutional trading behaviors is key. The masterclass dives into:
Market Structure – Identifying trends, consolidations, and reversals.
Liquidity and Order Blocks – How banks and hedge funds execute trades.
Risk-On vs. Risk-Off Market Environments – Understanding market sentiment shifts.
Correlation Between Assets – Using correlations to manage risk effectively.
These insights provide traders with a deeper understanding of how price moves, allowing them to trade with the confidence of seasoned professionals.
6. Backtesting, Optimisation, and Long-Term Growth
Andrew strongly emphasises the importance of testing and refining strategies before risking real capital. This section covers:
Backtesting Methods – How to validate a trading strategy for consistency.
Knowing Your Strategy Metrics – Understanding win rates, profit factors, and expectancy.
Compound Interest and Growth – How to scale a trading account using compounding principles.
By applying these principles, traders increase their probability of long-term success in the markets.
Andrew Lockwood’s PropIQ Masterclass is an in-depth, structured course that equips traders with the knowledge, strategies, and mindset necessary to succeed in prop trading. By covering everything from market fundamentals to advanced institutional concepts, Andrew provides a roadmap for traders to navigate the markets confidently.Whether you’re a beginner looking to build a strong foundation or an experienced trader aiming to refine your strategy, this masterclass is designed to take your trading to the next level. Success in trading is not about quick riches but understanding probability, managing risk, and maintaining discipline, all of which Andrew expertly teaches.rtly teaches.
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Prop Trading Masterclass FAQs
Yes. Free access for everyone.
No.
No. Education only.
The Masterclass contains over 13 hours of video training, but it is designed to be completely flexible. You do not need to complete it in one sitting or even in a specific order. The structure allows you to do it piece by piece, fitting lessons around your current trading schedule. Andrew Lockwood recommends you “start with your weakest section”, whether that is Risk Management, Psychology, or Strategy and build your knowledge forward from there.
Yes. Unlike many technical-only courses, this Masterclass places a heavy emphasis on the mental resilience required to keep a funded account. It includes a specific module on avoiding the “Cycle of Doom”, a pattern where traders spiral after losses, and a dedicated Supplementary Psychology Course with performance coach Simon Massey. You will learn specific techniques for taking losses constructively and reshaping limiting beliefs that lead to rule-breaking.
The course teaches two complete, rule-based strategies developed by Andrew Lockwood. The first is the Naked Day Trading Strategy, a price-action approach that strips away lagging indicators and requires only 10–15 minutes a day to identify setups based on support and resistance. The second is the Boomerang Strategy, which covers both Trend Following (entering on pullbacks) and Trend Reversals (identifying market turns), complete with exact entry and exit rules to manage risk.
Absolutely. Section 1 is designed specifically to bridge the gap for beginners. It starts with the absolute basics, such as “What is Forex?” and “Understanding Forex Pairs,” before moving into operational skills like calculating Lots and Pips, understanding Spreads, and using Order Types. It ensures you have a solid foundation before advancing to institutional concepts like Liquidity and Order Blocks in Section 2.
Yes. While the chart examples primarily use currency pairs, the technical methodologies taught, specifically Price Action, Market Structure, and Smart Money Concepts (Order Blocks), are the universal language of all liquid markets, including crypto. The Naked Day Trading Strategy relies on pure price action and support/resistance zones rather than specific forex indicators, making it highly effective for the volatility found in digital assets. Additionally, the modules on Risk On/Risk Off sentiment are critical for crypto traders, helping you understand how global economic shifts drive capital into or out of riskier assets like Bitcoin.
Yes. The “Resources Library” includes several downloadable tools to help you treat trading as a business. This includes a macro-enabled Excel Trading Journal (FTP Journal Master File) that automatically tracks your win-loss ratios and equity growth. The curriculum also covers how to use a risk calculator to determine fixed trade sizing, ensuring you respect the strict drawdown limits found in prop trading.
This Masterclass is structured specifically around PropIQ data, which analyzes millions of simulated trades to identify why traders fail. It is not a random collection of videos but a structured curriculum that moves from fundamentals to advanced technical analysis (like MACD, RSI, and ATR) and finishes with professional application. Every lesson also includes a quiz to ensure you have retained the information before moving on.
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Disclaimer
All educational content on this page relates to simulated trading and is provided for learning purposes only. It does not constitute financial advice, and it does not guarantee future success or profit. Any payouts from Funded Trading Plus programs are based on simulated trading performance within our evaluation rules and program terms.