As you may be aware, I’ve been having a bit of a virtual rumble with Tim Sykes, an expert in penny stock trading. It all started when Tim wrote this post that basically bashed Forex in comparison with Penny stocks. I was having none of that as I do firmly believe that some of what Tim wrote was one-sided so I issued this rebuttal: Forex vs. Penny Stocks.
This exchange may have given a wrong impression regarding what I think about Tim Sykes and his new free Penny Stock Trading videos. It may have seemed like I was actually saying that Penny Stock trading is useless. Let me make this clear: I am totally in favor of you checking these videos out, learning as much as you can from them, and deciding for yourself whether you want to become a Penny stock trader.
There are a number of reasons why I believe that this is a good opportunity for any investor or trader to take, even if you’re focused on Forex trading right now:
- Tim Sykes is considered a great expert on this topic and the videos he’s releasing are free. Click here to see the videos
- Penny Stocks do provide an additional way to make a passive income from home. In addition, the ROI on such stocks can be quite high due.
- Diversifying your investment is always a good idea. I don’t advise working just with Forex. Invest in stocks, bonds, options, and so on to reduce risk.
- There is a connection between the value of the stock market and the price of currency pairs. Learning more about how the stock market operates is an excellent way to enhance your knowledge of Forex.
Again, I don’t agree with Tim on how Penny Stocks are inherently better than Forex. I believe there’s a way to make money with both investment types and some people are better at one field than the other. I do believe that this training that he’s releasing provides an excellent way for you to learn a new skill that can help you make more money and to also make you a better Forex trader in an indirect way.
Click here to learn how to make money from Penny Stocks with Tim Sykes
