5 Reasons Penny Stock Trading Obliterates Forex Trading

Today, I want to share with you a controversial article by Tim Sykes, expert penny stock trader. I’m not sure I agree with everything he says, but I still think this is an important article to read. If you want to learn another way in which you can earn big-time, read this article all the way through:

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5 Reasons Penny Stock Trading Obliterates Forex Trading / Tim Sykes

1. The unlimited profit potential in the hugely liquid and leveraged forex market is pure marketing and deception, designed to lure the most desperate and greediest people into playing a game where the odds of success are very low similar to playing the lottery. If you look at the actual statistics, they point to the vast majority of traders not just blowing up their entire account within a few months, but also owing money due to the easy-to-use leverage. Unless you are illiterate and a complete moron, it is extremely difficult to blow up a penny stock trading account, mainly because the trading rules I teach are very conservative, designed to keep traders learning and earning gradually over time.

2. Because Forex is so liquid and leveraged, those who succeed are the smartest, richest and most well informed people on the planet, aka George Soros and his friends. You simply do not have the intelligence, wealth or access to quality information and analysis that they do so why try to compete against them? As evidenced by the recent fraud case against SpongeTech and PennyStockChaser, those promoters and management have the intelligence level of Forrest Gump. I can make a thousand analogies explaining why it’s SO much easier to trade against these morons, but after you try out my free video lessons and begin to see it all yourself, you won’t need me to teach you anymore, you’ll be self-sufficient which is my entire goal!

3. Forex prices move very quickly and the reaction to breaking news happens within seconds and minutes. Because penny stock manipulation takes time to plan and enact and the people trading the stocks are practically illiterate, it takes hours and days for price to fulfill their predictable patterns giving you plenty of time to prepare and participate in each trade. The best analogy is penny stocks are like Little League whereas Forex is the Major Leagues. When you’re coming up to bat would you like a 100mph fastball or a floater thrown by a nine-year old?

4. Penny stocks are simpler. While forex prices gyrate wildly due to rumors, news and those anticipating the rumors and news, volatile penny stock chart patterns are truly straight up and then straight down with very little variation. That is the beauty of trading pump and dumps, the chart patterns are like pendulums and you just need to learn how to buy on the way up and short sell on the way down. Or choose one side and specialize in that.

5. Penny stocks have greater odds of success. Sure, sure, it’s far less money and you don’t get the gambling thrill you do with Forex since down here in the gutter it’s more like taking candy from babies (or those who are have the intelligence of babies), but we are winning approximately 75% of the time.

I’ve put together an in-depth (and free) video lesson series that will teach you everything I know about Pennystocks. Rather than just hearing me talk about my strategy and my thoughts, signup to my free video lesson series so you can learn from the specific trades and patterns themselves.

>>>  Sign up for the Free video Penny Stocks lesson series here <<<

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As I said earlier, I don’t agree with everything Tim Sykes says. You can make money in Forex. You can succeed. However, Penny Stocks also offer an attractive way to have passive income so check out his video series. It’s free and worth watching.