In the world we live in today, people need money to make life easy. It is also needed to run the day to day activities. Even the basic things of life can not be enjoyed without money. Food, clothing, and shelter require money to sustain an individual. Most businesses are in existence, partly to make profits.
Generally, money is a motivational factor that drives people to achieve a lot. As a result, some individuals take extra jobs during the weekends and even sell their personal belongings to create an additional source of income. One of the best ways to generate steady cash flow is by trading the stock market. In earlier times, trading was only reserved for the elites, big corporations, and major financial institutions.
However, as the years roll by, it became more accessible to individuals. Currently, it is easy to trade the market via your mobile device. It has also become easier to understand and operate. Every day, new members join the trading world with hopes of making profits and becoming financially independent. This is due to the number of success stories of most traders across the globe.
If you are one of those that find trading fascinating and would love to venture into it, there are some things that you must consider. First and foremost, you need a guide or mentor that will introduce you to what trading is all about and the steps needed to become a successful trader.
Hence, you must decide who you intend learning from – and I’m not talking about your friends or family members. You need a professional with an extensive level of experience – someone who has been tested and trusted and knows the ins and outs of the markets. You need someone who has a track record of successful trades and consistent profits.
However, if it turns out to be that this mentor is your friend or family member, then that sounds cool. Nevertheless, there are a lot of professional traders out there, with some having training programs that are built to train other traders to become successful. Sadly, there are also scam artists out there that pretend to understand the market, only to prey on unsuspecting traders.
This is why you need to know how to differentiate a real trader from a scam. Do the training programs offered, such as Tim Sykes Millionaire Challenge, provide the value for your money? Hence, the reason for this article.
To find out if a training program is worth trying out, it is necessary that you check out the founder/trader behind the program. Most times, such traders are either active or retired, and need to share their knowledge with other traders. There are several trading coaches out there, and your first job is to find out which trader is ideal for your learning curve and trading style.
Think of this as a type of sports: players’ reactions differ from one coach to another. So you need to find out the mentor that suits your style. For you to achieve that, you need to conduct detailed research. Map out a list of mentors you know are right for your learning and trading style.
The factors to look out for in this case are, how long they have been trading, their trading performances over a long period of time, their win/loss ratio, their current financial status, the number of students on their platforms, the cost of their program, and more importantly the reviews about them – which we are doing in this case. These factors contribute to you coming up with a final decision.
An example of someone who fits this profile is Timothy Sykes. Tim started trading from his college days at Tulane University. One of his notable achievements is making over $1.65 million in trading profits from $12,000 of Bar Mitzvah funds. He became famous; he was hosted on various reality TV shows and even featured on CNN, CNBC, Forbes, and many more.
Additionally, he created an educational hub, known as Profit.ly, and has gone to mentor thousands of traders through his training programs. Not only has Tim achieved success in all ramifications, but he has also been able to replicate this success in the lives of his students, making them millionaires.
Having discovered the trader you want, the next step to take is to analyze their teaching and trading tactics. A lot of traders have different approaches. Some mentors love to keep it simple, nice, and easy and would not encourage you taking many risks. While others like Tim Sykes occupy the other end of the spectrum. For Timothy Sykes, he motivates his students by posting pictures showcasing his lavish lifestyle and high earnings. He believes you can achieve anything if only you can set your mind at it.
Once you have found out the ideal coach with the right tactics, you need to look into the programs offered by the financial and select the right program for you. After all, you wouldn’t want your efforts to go drown the drain due to a wrong program or content.
With a number of traders offering this service, there are several training programs you can choose from. The cheaper ones come with basic training on trading, which includes lesson videos, instructional materials, and answers to basic questions. A next-level subscription plan may entitle you to live webinars and chat rooms by your selected trader.
With this, you have the opportunity to take up classes and note down important trading tips. In this case, we will take a look at the Millionaire Challenge.
The Millionaire Challenge is a complete plan where members are being granted full access to Tim’s massive content library. This library features the following:
- 14 Millionaire Challenge DVDs
- 3 – 5 weekly Millionaire Challenge Webinars
- Millionaire Challenge Chatroom
Additionally, members get to enjoy all the features on the PennyStocking Silver and TimAlerts platform. The Millionaire Challenge is the real deal, as there have been testimonies of individuals achieving success trading the market and gaining financial freedom. If you wish to know more about how to be a part of Tim Sykes Millionaire Challenge, please visit this link: world.edu