Recently I came up with an article on Timothy Sykes. Basically he has a strategy where he gives advice and everything else in between to help people make big gains. I am full of doubt everywhere though. I don’t know if it’s a scam or something really good to be true. I applied to his “Millionaire Challenge” and at the end of the say I was sent an email that I had to invest about 7500 dollars to be part of it. Not having so much at my disposal I kindly declined. I was reffered to his profit.ly but when I used it there is no way to know what it’s about or how it works before or after you sign up. At first I thought it was a broker, but found out that it was basically a site where you exchange information. Besides that there is very little costumer support and no proper guidelines on how the website works and how to make the best of it. Other than getting a few alerts and the rest a bunch of stuff I have no idea why I got it.
I don’t know where to stand when it comes to him especially since I have little to no experience. I tried to get a mentor and he turned out being kind of a lie. So when it comes to Timothy I also don’t know. Is there someone who can explain or express some thought on this?
Timothy Sykes made a name for himself trading penny stocks. The story is that he turned a few thousand dollars into more than a million trading from his dorm room when he was a college student.
As far as I know, his weapon-of-choice is stocks. I’ve never heard of him as a player in the forex market.
Apparently, Sykes went from being an individual trader to being a hedge-fund manager (or so he claims). Lately, he’s become a mass-marketer of trading advice, but (as far as I know) he doesn’t do personal mentoring, and he isn’t a broker. (I can’t tell from reading your post whether you’re looking for a mentor or a broker.)
I first heard of Sykes when I happened to watch a semi-documentary on Hulu titled [I]Wall Street Warriors.[/I] Here’s a link to the second episode in the series, in which Sykes is introduced and briefly profiled. (If you’re not a Hulu member, you might have to register, in order to view this series. Registration is free.)
Personally, I think Sykes is obnoxious, judging by some self-promotion videos he made some time after the [I]Wall Street Warriors[/I] series. I’d find it hard to take advice from him, or deal with him in any way, no matter how good his track-record might be.