Why Binary Options, Forex And Options Trading Sucks

Поділитися
Вставка
  • Опубліковано 12 вер 2024

КОМЕНТАРІ • 168

  • @booisanoob
    @booisanoob 7 років тому +64

    Tim you've obviously found your calling in penny stocks and i partly agree with what you said about forex with it being hard because you have the smartest and wealthiest people as competitors but its really not that hard. Ive watched a lot of your videos and tim grittani stuff on youtube and the more i watch and apply to forex it becomes even easier then before.
    so anyone trading forex dont get pushed away by this video you can still learn techniques/mindsets from watching tims videos and his top students even if your not in the penny stock world

  • @romanromero5099
    @romanromero5099 7 років тому +106

    dude, stick to penny stocks if you think that is good for you, but saying everything else is too bad is just unprofessional. Penny stocks by the way is just as risky...

  • @georgeliberte1527
    @georgeliberte1527 6 років тому +29

    Tim Sykes is right, but he's also wrong. He's right because high leverage will destroy u on forex and your account can fall in the negatives meaning you can fall in debt, but he's wrong because Forex also offers low risk leverage and Forex is more about risk management. People who choose the lower risk leverage and learn to trade and manage their accounts make money

  • @lifestylewithjeanine3706
    @lifestylewithjeanine3706 7 років тому +29

    I would love to be a full time trader but i know for now i have to do it part time until i can earn my way to being full time. But I promise to study like I am full time student.

  • @shahmundell34
    @shahmundell34 7 років тому +13

    There is money to made in options but I stick to index etf options. Very liquid but in this current market be careful with puts as they can become fuel for index to move in opposite direction given that MM can (and often will) take the other side. I don't trade equity options due to the risks Tim mentioned

  • @SilvrHD
    @SilvrHD 7 років тому +13

    A great TRADER should be great at EVERYTHING no matter if its "options or forex. It's all the same.
    US vs MARKET MAKERS.

  • @FoxtrotBF3
    @FoxtrotBF3 7 років тому +8

    Tim, if i were to try and find when restricted shares become unrestricted where should i look in the SEC filings? 8-k? 10-Q? 4? SC 13G/A?
    Thanks.

  • @noletics8274
    @noletics8274 7 років тому +45

    Forex > Tim

  • @whiteemerald_6802
    @whiteemerald_6802 6 років тому +10

    The hard thing for me to hear is to not trust Forex. I like Forex. :( And i want to learn it.

  • @patrickbrennan5280
    @patrickbrennan5280 7 років тому +7

    Hello Tim,
    I would love to trade and learn the secrets. I am a real-estate agent right now and it is not going so well for me. I am a go getter and have put hundreds of hrs in this last few months along with thousands of dollars. I have about 10k in savings to use but honestly I am afraid to lose what I have left.
    Can you give me some insight so I can keep my head up about wanting to do this?

  • @Albygonzalezfitness
    @Albygonzalezfitness 7 років тому +12

    How do you feel about bitcoin?

  • @insurancecasino5790
    @insurancecasino5790 7 років тому +1

    I would not call them fakes but many are now learning that it has nothing to do with them it is what the market gives them. Right now I can see many of the GURUs will get into the red.

  • @helloanuzs9675
    @helloanuzs9675 7 років тому +4

    yes bro i also stopped doing binary. yes they are scam and laughing at their own traders who are believing in them and signing in. but now i stopped doing binary. From last 2 months i am following brother tim's videos and everything (free version). i am having a problems with penny stock brokerage a/c, i saw all of the penny stock broker doesn't support my country but i am working on to find some loophole solution for that.
    this video is the one that everyone was waiting for tbh !

  • @NRV44
    @NRV44 7 років тому +5

    Yes , I agree Binary options are super risky. Yet with some discipline you can earn good money.

  • @joegeorge3367
    @joegeorge3367 7 років тому

    I signed up for the Sep Orlando conference. Can't get there fast enough for me. As soon as I can make changes in my finances to get STT and profitly I'm firing those up too. It's a whole new world - the days of my Dad walking through the factory gates with a lunch box in his hand are over. Freedom, independence, choices, quality time with loved ones, reduced stress. Life as it should be. Good luck to all hope you get there too.

  • @bryanmediana2316
    @bryanmediana2316 7 років тому +2

    depend which you are compatible. I like option trading.

  • @justmedee1959
    @justmedee1959 7 років тому +22

    TimOthy O TimOthy O TimOthy you are truly a gift from God.

  • @DonaldDUHKID
    @DonaldDUHKID 7 років тому

    "The more you learn, the more you earn" - Warren Buffett
    Currently learning from your DVDs. I'll try to make a couple trades based on the knowledge I gain from that before I hop in to Pennystocking silver.

  • @georgeliberte1527
    @georgeliberte1527 6 років тому +1

    I must be lucky than because I make money off trading forex, but I trade low leverage and I actually study forex and I manage my accounts. People who lose in forex trade high risk and don't know wtf their doing that's why they lose

  • @fritzynator807
    @fritzynator807 7 років тому +2

    Hey Tim thank you for everything you're doing to help. I have a question. Can you start paper trading with stocktotrade?

  • @trane25
    @trane25 7 років тому +7

    Hey Tim, i like this kind of videos, different from the technical ones, but its kinda of inspiring, reminding us that we have to works hard, give our best, every single day, even when we fell like it not for us, but dedication can overcome anything. Anyways thank you for what you are doing, and make us a better trader.

  • @helloanuzs9675
    @helloanuzs9675 7 років тому +6

    "I don't need you, you need me"
    so f****** true!!!

  • @Avishek85
    @Avishek85 7 років тому +2

    Thank you Tim for being such an amazing and REAL mentor to me and all the other challenge student like myself (wish the world was blessed with more people like yourself). For all the people out there doubting...don't! Tim's REAL, his teachings are World Class and IT IS possible to make a good living out of this IF you're dedicated; have discipline; and are willing to learn (especially from your mistakes!). For all the haters out there...keep hating while we keep making that paper...nuff said, back to studying. Keep it coming Tim, keep it real brother!!! See you in Orlando in September yeyeyeyeye................ :)

  • @momentumtrading3834
    @momentumtrading3834 7 років тому

    you are the only one who had admitted that you making more money teaching, nothing wrong with that since you first needed and proved that your strategy works, good job man

  • @1detarrednu
    @1detarrednu 7 років тому

    Why trade penny stocks when you can trade altcoins that go 1000% up in less than a year?

  • @joshuadrayton9970
    @joshuadrayton9970 7 років тому

    lol I had a few people inbox me asking if I wanted to learn about forex the guy say you can get rich. lol I told him I'm into learning penny stocks its way better he said I will never make money in penny stocks. he's crazy Tim you and the rest of your students are prime examples anyone can make it with dedication& hard work I'm sticking with learning penny stocks.😎😎

  • @euronymous420
    @euronymous420 7 років тому +3

    I'v been wanting to ask you about these different trades thanks for making this amazing video!!!!

  • @TEDVoice
    @TEDVoice 7 років тому

    Tim speak truth in some way... He speak about the majority and he right. You can hate it or accept it, but he right.
    As a retail trader you have more chances trading stocks...
    You don't believe? Try both.

  • @futurestability1126
    @futurestability1126 7 років тому +13

    lol I did binary options super trash, in my opinion.

  • @mwerosioncontrol
    @mwerosioncontrol 7 років тому +12

    Another great video. I will be honest here I have looked into binary, forex only looking to make money fast. I don't know why us humans what everything right now. That's how they suck you in. Make one or two decision, then you make money. That's 100% BS........So thanks for another great video warning people to stay way but I'm sure many will still go and lose there money. Hey after you lose all your money like I did being stupid. I can honestly say I'm enjoying the process of learning what Tim is teaching.

  • @thewizardqt
    @thewizardqt 7 років тому

    Tim what is the bare minimum of investment should I start trading with penny stocks? Is $500-1k good to start with?

  • @glapllc
    @glapllc 7 років тому +1

    Thanks for the short video Tim. Will be signing up for the Market Prep in the next month.

  • @josephbell1644
    @josephbell1644 7 років тому +5

    I learn part time cause I got a job

  • @BossOGx
    @BossOGx 7 років тому +3

    cost nothing to pay attention... on my way up

  • @o2golfconsistently
    @o2golfconsistently 7 років тому +5

    One of your most "real" videos yet, and IMO you are always real! Thanks Tim for all you do!

  • @stancarver6389
    @stancarver6389 7 років тому +1

    I am grateful of your instructions

  • @mubarak3457
    @mubarak3457 7 років тому +2

    Tim do u teach full time in class? Not online

  • @M700C
    @M700C 7 років тому +1

    Thanks Tim, I never doubted penny stocks because I trust you but thanks for the Video lesson because it puts all the others to bed for me 👍🏽

  • @SojibBhuiyan-on4pc
    @SojibBhuiyan-on4pc 7 років тому +3

    hey tim bro I am confused.I already loss 500 in binary broker iqoption.I invest like 500.plz tell me what broker best for me.thanks

  • @Zoniebaer
    @Zoniebaer 7 років тому +4

    Tim, this is a great video, what you say about Forex is true. especially trying to seing for the fences with the homerun trade. I have been trading forex with very small trade sizes. I have survive So far. even with "robotic" trading I have neither won or loss but have maintain my base capital. I am now studing stocks watching your videos while researching my own stocks, not just penny stocks but stocks in general. no matter which route you take there is a learning curve, and somewhat of a gamble.

  • @SlrPicsPhotographyPompanoBeach
    @SlrPicsPhotographyPompanoBeach 7 років тому +1

    I lost $600 last month trading options on Nadex. Wish this video was made sooner but thnx still.

    • @ivangennadi1296
      @ivangennadi1296 7 років тому +1

      Hello Bro,if you must know am profiting greatly from options trading with the help of Mr Alex..He is a true professional in this field and can be of help to you also..You can contact him directly on (alexandergilbert131@gmail.com)

  • @sunnylife3652
    @sunnylife3652 7 років тому

    MY MENTOR !
    I NEED YOU BRO , I WILL BE YOUR STUDENT... STILL STUDYING HTMMs and all CAN'T WAIT TO LEARN BE SELF SUFFICIENT AND GROW MY $6K-10K TO $500K !

  • @tomclaessen4266
    @tomclaessen4266 7 років тому +1

    What about gold/silver and oil trading Tim?

  • @riobuckley3174
    @riobuckley3174 7 років тому +3

    was waiting for a member of your team to contact me, said he was going to call and never did.

  • @arnoldortiz5685
    @arnoldortiz5685 7 років тому +1

    Does anybody know what the phone interview process is like in the student trading challenge

  • @jakejohnson4011
    @jakejohnson4011 7 років тому +6

    great video as always tim been wanting to hear u rant about that binary bullshit for a while 😂

  • @conmandoo1
    @conmandoo1 7 років тому

    Do your students gain access to a different video series to study or are all the video lessons here on youtube? just want to be steered in the right direction so I'm studying the correct material. Ive started the TraderChecklist but am curious whether or not you have another series that teaches your strategy. Your response would be greatly appreciated. Thanks.

  • @GirolamoAloe
    @GirolamoAloe 7 років тому

    Absolutely agree.
    I say also that I don't want to compete with Institutional Investors. But, I want to follow what they do. So to be in the market in the way they are. I earn money by Stocks and Forex too.
    I studied with you time ago and I continue to earn by trading.
    I definitely recommend the joining to your educational services.
    Options are pure Trash.

  • @jonyD143
    @jonyD143 7 років тому

    Your thoughts on Bitcoin? I am going to be honest with everyone, it's EVEN MORE volatile than penny stocks also no regulation, no pdt rules, cheap commission that are less than a half a cent. These altcoins literally go from 1 cent to 50 cents. I traded one yesterday that that my entry went from 6 cents to 17 cents. I've also seen one that went from 80 cents to six dollars!

    • @jonyD143
      @jonyD143 7 років тому

      I also think derivatives are good as they allow you to hedge risk.

  • @malibuu6969
    @malibuu6969 7 років тому

    Agree on Forex and Binary options... But OPTIONS? Man, you are lost here.

  • @TheYaseenh786
    @TheYaseenh786 7 років тому

    @timothy sykes.. how much do i need to get started with you? i dont want to get a phone call from your reps and be interviewed to be a challenge student. i just want to sign up learn to trade..

  • @exclusiveplays2733
    @exclusiveplays2733 7 років тому

    there only a few liquid options just stick to big names and you'll be fine

  • @dukeskylar
    @dukeskylar 7 років тому

    Great advice on this. Last week i just got in with the market prep, and a friend of mine was like "are you stupid, you could've gotten in with ACN" Im like, nah ill stick to stock trading and be a sniper. FHTM already got me. :D

  • @MANNYKLLOBOCISHTA
    @MANNYKLLOBOCISHTA 7 років тому

    Tim whats your opinion on CXRX looks like brake out or am i wrong?

  • @2hrsToChooseThis
    @2hrsToChooseThis 7 років тому

    So you don't need $25k for margin to short, but what about PDT rule?

  • @sk818factory5
    @sk818factory5 7 років тому +1

    I like the chair and the camera angle, fancy

  • @the51king
    @the51king 7 років тому +1

    I like it , this is better I can see you . video lesson where I see the chart is hard to connect with you. You should do some variations . Great theaching.

  • @jerrydalio151
    @jerrydalio151 7 років тому

    hey tim ! this is jerry from india. we dont have a millionaire mentor for indian stock markets. how unlucky we are ! anyway i have a question for you, is your dvd series strategies work only in american markets ?or can we apply those strategies to indian markets also?
    thank you for your contribution. please reply bro 😊

  • @marcuschan5664
    @marcuschan5664 7 років тому +1

    Hey Tim, how do you actually see the overall market everyday when you do your SSS?

    • @marcuschan5664
      @marcuschan5664 7 років тому

      Ya, what i meant was the "Market Environment" part, how do you actually analyse that??? Thanks for helping :)

    • @marcuschan5664
      @marcuschan5664 7 років тому

      Oh i just realized you went through it in there, ahahhahahah anyways thanks, need to rewatch that 3 more times hahaha

  • @noahgiles7849
    @noahgiles7849 7 років тому +6

    #NoDaysOff

  • @angelinlin2416
    @angelinlin2416 6 років тому

    so trading is something like gambling?

  • @donatocicchetti9550
    @donatocicchetti9550 7 років тому

    Tim if I can I ask, wich market do you advice for huge account(more than 5M)?

  • @vysakhar2696
    @vysakhar2696 7 років тому

    how to trade from India , can I trade foreign stocks like Nasdaq from my country?
    by the way great video , what you pointed out is right , even I has lost in binary options and they are all scams .
    Tim please suggest me on how to start trading from India , is it possible to be your student and trade us stocks!

  • @dangiscongrataway2365
    @dangiscongrataway2365 7 років тому

    On the movie limitless from 2011 I think..? anyway on that movie when he took his genius pill he went on the stock market and made 2 million in a day with only few thousands, I paused the movie and looked at what broker to see if that website really exist and turns out it was a binary options only broker, from loving that movie I turned to hate it after that.

  • @princecarlosramirez1671
    @princecarlosramirez1671 6 років тому

    really?

  • @henryliao6743
    @henryliao6743 7 років тому

    I completely agree with you Tim. Trading binary options does suck, they are scams.

  • @garrett3951
    @garrett3951 6 років тому

    it took me 300 bucks to figure out that binary is garbage. just watching your you tube videos and learning to take small profits, ive turned 1k into 6k in 3 months. maybe ill become a student

  • @007mrphilip
    @007mrphilip 7 років тому

    What do you think of Self-issue warrants?

  • @sdkmt4737
    @sdkmt4737 7 років тому

    Hi Good morning Tim!
    Great videos thanks!
    Love watching all your videos.
    I just started trading after watching many videos of yours. learning band gaining knowledge before I step my foot into stocks.
    Had a question on doing taxes, is it 20% or 40% on day trading? online it says 40%, but a person I spoke to said 20% for day trading.. Thanks, enjoy your day.

    • @sdkmt4737
      @sdkmt4737 7 років тому

      ....learning and* gaining....

  • @olajonmann97
    @olajonmann97 7 років тому

    what broker do you recomend, I live in Norway

  • @lasanthapradeep1246
    @lasanthapradeep1246 7 років тому

    So you mean binary options are gamble?

  • @z1zio
    @z1zio 7 років тому

    Great insight timothy, what you think about cryptocurrency , it's an easier forex.

  • @Lars683
    @Lars683 7 років тому

    lmaooo we need you....good 1........im glad to keep your page on notification THANKS FOR THE AWESOME LESSONS!....i cant wait to join the challenge in the near future!

  • @angel45z
    @angel45z 7 років тому +2

    Tim you are so real!!

  • @nicolasc5420
    @nicolasc5420 7 років тому

    Thanks!!! And what about bitcoins and other crypto currencies?

  • @Xinkgs
    @Xinkgs 7 років тому

    I will say it for you. Tim Sykes is busy as FUCK!!!!

  • @msnkmanagement2150
    @msnkmanagement2150 7 років тому

    I have about 1550 in robinhood. Would I be able to follow your program and grow through robinhood or do I need to go thru etrade or ameritrade

  • @Retwak
    @Retwak 7 років тому

    thnkx for the advice maybe it's time for me to leave iq option , tim can you give me the link of the first learning videos so i can buy the stuff and study ?

  • @Ozzyozzysheesh
    @Ozzyozzysheesh 7 років тому

    Do trade long term? Like do you have any stocks that you've been holding for a while now?

    • @ev23l98
      @ev23l98 7 років тому

      He has a long term newsletter if you're interested in that contact him

  • @scottysgym
    @scottysgym 7 років тому

    Tim this is good how your posting about this especially binary options really scary but hopefully regulators get on top of this.

  • @orebatchelor8613
    @orebatchelor8613 6 років тому

    hey what do think about bitcoin

  • @chrissmith1906
    @chrissmith1906 7 років тому

    where can i sign up tim

  • @OD1754OD
    @OD1754OD 7 років тому

    please consider doing advisor to client account on interactive brokers; to copy trades.

  • @plidjeezy2542
    @plidjeezy2542 7 років тому

    how much does your course cost.

  • @randobuy
    @randobuy 7 років тому

    what about nadex, its regulated here in the us??

  • @Jj-or1sm
    @Jj-or1sm 7 років тому

    how to spot stock for intraday

  • @jamesabroomeiii7552
    @jamesabroomeiii7552 7 років тому +1

    thank you Tim for giving so much to us

  • @mrthanh2012
    @mrthanh2012 7 років тому

    Option suck? Option is not liquid? I know a guy who bought Put option on VRX 2 years ago and hit $150M profit when Andrew Left was on the news. A Japanese guy who bough Put option in August 2015 and hit $20-$30M profit in 24 hours. If it suck or not liquid, how the fuck they can do that? did any penny stock trader hit more than $10M profit in 1 trade ? or just go to AMG trading channel. He manages the loss in a few percent and make 30%-100% profit in option trading. 20%-30% profit in a trade with penny stock and u compare it with those hedge fund who made 10%-20% return in a year. What a joke! Tell what u make to Warren Buffet who buys mega cap stock only.

  • @novanippon8060
    @novanippon8060 7 років тому +4

    Tim!!! I have been rockin (learning from you) with since May 2016!!!! keep it up Sensei!!

  • @Mbstocks2020
    @Mbstocks2020 7 років тому

    i already learned ton from u to be honest and i believe that i am success after all this long journey

  • @franciscomedina4953
    @franciscomedina4953 7 років тому +1

    love your videos. keep it up, tim sykes.

  • @votu1
    @votu1 7 років тому

    Do the comments have to be approved first?

  • @mitchbromwell9554
    @mitchbromwell9554 7 років тому

    Thanks for controlling the swearing,lol 🤐 Looking forward to seeing you and everyone else in Orlando, Florida soon. 🏝

  • @swifty23
    @swifty23 7 років тому

    Anyone following this bloke and actually having some success ? Please pm me. Or if there's anyone else you've learned from. I want to give it a go but can't quite buy what he's selling. Still feels a little too much like a sales pitch.

    • @swifty23
      @swifty23 7 років тому

      Timothy Sykes I think doubt is healthy because obviously you're familiar with the amount of scammers in this industry. I have been following you since you were on Lewis Howes podcast. I trust him and I basically trust you we just have very different personalities. You've made millionaires though and I love the idea of profit.ly being open with wins and losses. I'll keep following your content and learning for now. I'm trying to be as smart as possible, my first goal is become debt free which looks like it may be a few years away. That's plenty of time to study / paper trade. After that I'll save $5000-$10000 and give this a real go. It's not a fancy 6month get rich scheme plan but if I can make it even in 10 years time I'd only be 36 and be fucking winning. Thanks for the reply man 👍🏻

  • @esamdarraj1430
    @esamdarraj1430 7 років тому

    Hi i am arbiac man i want learn but my english not good how i can learn . u have some one teach in dubai or not or u can come dubai for that ....how i can learn

  • @JBM101
    @JBM101 6 років тому

    option trading is great ... you only lose what you initially invest in not like penny stocks ... I have done well in option trading and have grown my small account 73% within 2 weeks... unlike pennystocking where I lost money ... I learned some basics from Tim which I use now in option trading and only option trade with long expiry dates out 6 months or more ... definetly more patience involved. I also trade winning stocks like $MU $PYPL $SG $BABA etc ... go with a trend ... up or down with calls and puts.
    He will say your not dedicated enough or your lazy etc ... fact is not everyone succeeds. Its a lie to say everyone can do it. Sykes is a bully if you say something against it ... he makes his money on subscriptions and teaching now but has few millionaires. 800+ on his chat and only a handful of millionaires. and pumps the millionaires success to get more subscribers and followers... its a game ... where he makes money from it. Charities with his name all over it ... come one... all to market himself ... Stocks to trade is down constantly or is messed up ... he makes money off that too. He will probably comment this to bully me , and I am a nobody .... save your money ... the house wins most of the time and Tim is building a nice house.

  • @javierrendon4050
    @javierrendon4050 7 років тому

    I am interested in joining the program. thx

  • @rickyestanislao3257
    @rickyestanislao3257 7 років тому

    I'm willing to learn in penny stock Mr. Sykes teach me how pls.

  • @bryanmediana2316
    @bryanmediana2316 7 років тому

    binary option lab is good in option trading

  • @createmylifefreedomonline7695
    @createmylifefreedomonline7695 7 років тому

    hi timothy i am dinesh from srilanka i realy wanna study your strategy i also wanna be one of your dedicated student.but i dnt have any experience at all whn it comes to stock trading.so i need to learn from scratch.hey timothy i really appriciate you for sharing these kind of great content with all of us and i really wanna spend a kind of a life style that u are spending right now.love it.so timothy can u help me ..pls give me more info