Forex Trading Profitly

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Stock trading is an extremely risky game. On certain days, you might have the benefit of positive and satisfying numbers. On other days you may experience the opposite and it can be extremely difficult to return to where you were your most productive. If you find yourself immersed in the water You will need to recognize that relying on your instincts and preserving is not always enough.

If you’ve been incurring losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve discovered a platform that can support you to improve your performance in the industry. We’ll be taking an in-depth look at Profit.ly A well-respected all-in-one social platform for trading!

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For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.

Overall Rating: 4.1/5 Forex Trading Profitly

Value: 4.1/5

Quality: 4.1/5

Costs: 4.1/5

User Experience: 4.5/5

Summary

Profit.ly is an online trading platform that permits traders of different levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad range of features and tools such as chat rooms, trade verification and a rich library of educational content.

How do I define Profit.ly?

Profit.ly is a trading site that serves both as a learning and education platform for people who are starting out and as a hub for experienced traders to track their performance through the use of cutting-edge analytics tools. It provides users with a vast variety of tools for trade and communication and letting traders from every field of business connect with one another. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as the social media equivalent the likes of Facebook and Reddit but with a focus on experts and traders.

Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are authentic and won’t accept fake news as long as possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.

One time , during an appearance in Forbes magazine, Sykes said that Profit.ly was based “on the transparency of every trade, something that has never been previously done.” This idea Sykes said served two goals: 1.) keeping track of public data for everyone, not just the experts and newsletter authors and students, and 2) allowing all users to learn from both losses and wins for the trading industry’s benefit. Forex Trading Profitly

How Does It Perform?

Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of services and features geared towards achieving achievement. You may set up an account at no cost, however you’re limited to access to the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offers, which we will go over shortly.

The process of opening an account is simple: Create a profile with your experiences and skills, join to your brokerage account and you have yourself a chance to shoot through at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a look at the performance of the trading community and its gurus. It’s not only a chance to show value to a community of traders, but you are also able to use Profit.ly to buy with a guru, and have the assurance that you’re confident with their expertise and the credibility of their claims.

If you are unsure about the idea of sharing the details of your broker account you can choose to publish your trades, whether verified or not, by taking photographs. Included in Profit.ly is the huge selection of trading classes as well as the ability to look at statistics on a person’s profile, and more ways to interact with your experts via chatrooms as well as notifications via email or text as well as updates.

Forex Trading Profitly

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Meet Tim Sykes, the founder: Tim Sykes

Timothy Sykes is a well-renowned day trading guru who is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The trading of penny stocks can be seen as an opportunity for small companies to move to a market that is larger as they can access money from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of experience.

Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as a trader. When he was 25 years old, he had been given greater exposure and a larger influence over time when he became part of the reality series “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of transparency and to allow the community to rise and compete through the platform.

The Profit.ly Gurus

One of Profit.ly’s sweet inclusions is the wide range of learning resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have earned substantial amounts of money from their combined years of expertise. Forex Trading Profitly

At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru has to offer.

From Tim Sykes Tim Sykes: Tim’s Alerts

Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.

A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices; text, e-mail and push alerts and a daily stock watchlist.

From Tim Sykes: The Pennystocking Silver Package

Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month it is an ideal plan for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features of the previous plan, including alerts for swing trading and access to a rich collection of more than 7,000 educational videos and new videos released each week.

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In “Superman” Paul Scolardi: Superman Alerts

Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading profits. Forex Trading Profitly

The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile app, the daily market updates in real-time, as well as SMS and e-mail alerts.

From “Superman” Paul Scolardi: Superman Pro

For $247 per month, you can enjoy additional features and access to the extensive knowledge base provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. On top of that you’ll also have the ability to access premium reports on research and the IPO and earnings tracker.

Profit.ly plans and costs

If you’re eager to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to get you started. The platform has three membership levels, each designed for traders at different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.

Novice Plan

This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. Once you have signed up for this plan you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.

Among the list of things you can do using Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards; analyze, sort, and filter your trades and, lastly, view other’s stats.

The Novice plan is $29.95 per month. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you’re looking to gain the benefit of this service, be watching for us to introduce to you Profit.ly’s next plan.

The Trader Plan

The Trader package allows users to benefit from a majority of features from the novice plan. It is in this plan that you are able to create a private profile to share with other associates all your insights and intel in the trading community.

Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to harness their expertise in trading. While it’s nice however, there’s a crucial element that’s missing. As opposed to the prior Novice package, this one won’t be able to view other traders’ statistics, which could be a problem for those looking forward to this tier. Forex Trading Profitly

Pro Plan

The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 per month, which includes a 22% discount for annual billing This plan offers everything. It gives you full, unlimited access to all the options of the previous plans combined.

You’re not only able to view other people’s stats as well, you’re also offered the option of creating an individual profile. Both of these features, on top of all the advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro plan is for you!

Profit.ly’s Other Services

Apart from the provided tools for training and leaderboards, Profit.ly offers a number of more services it has to offer. One of these is its online store, which allows users to pick from a range of videos designed to inform and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other aspects of trading. There are also clips and scenes from events like the Annual Pennystocking Conference, and products from other expert traders.

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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You’re probably familiar with the chat room as you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat assistance. But in Profit.ly, it is seen as a real-time place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members. One might be a laid-back person who is not very often active, while another may be more active and in touch with their students. Consider chat rooms as Profit.ly’s version of a forum, in the essence.

Who is the ideal Trader for Profit.ly?

Profit.ly’s diverse range of products and features are geared towards an array of stock trader types, from novices to the most experienced. Considering the number of offers it has to offer, the platform surely has something for everyone.

For instance, newbies will enjoy Profit.ly’s library of learning materials available across the platform. They will also get daily videos and chat room tips by its internal gurus as well as their members. Additionally, they can choose from the items on its store online for them to take wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, however, they will soon learn that trading is a risky game that should not be viewed as an opportunity to make fun of.

For the traders with years of exposure down the line, we see Profit.ly equally suitable to them as those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues however, experienced traders know how it works along with the stack full of risks associated with it. Ideally, they may make use of Profit.ly’s variety of features to their best advantage to improve their trading skills. Like novices, they can learn from the top experts and experts and utilize those quick tips and tidbits to help them along.

Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the fun! Trade professionals who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to navigate them through the ever-changing trading process. Forex Trading Profitly

Profit.ly’s Pros and Cons

The Pros

  • Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning, communication, and trading tools
  • You’ll be provided with excellent lessons and insights from its inside experts, as well as collections of educational videos as well as real-time trading activities
  • You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you when something goes wrong.
  • The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
  • In addition to its primary features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via screenshots
  • Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There is truly something for everyone

The Cons

  • Profit.ly’s bountiful stream of packages and products offered may be too much for a lot of its users
  • Since traders can choose to post any kind of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to boost their rating this could be a concern that should not be simply overlooked
  • Profit.ly does not accept refunds because the premium customers are expected to instantly benefit from the many features the platform is able to offer

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The Final Concluding Question is: Is Profit.ly worth it?

If we could come up with an answer to this question, it’s a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t designed to be used to achieve this goal. Instead, you should have an open mind. Forex Trading Profitly

What we are referring to”yes” is that it can be a great learning tool. People who are stuck could find Profit.ly’s array of resources helpful as they do their best to incur lesser losses and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!

If you truly want to become a better trader and want to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly may be a great option to begin.

FAQ Forex Trading Profitly

How do you use Profit.ly to post your trades?

Profit.ly has an entry section for trades under the ‘My Trade’ category of the dashboard. It allows you to post your trades that are verified or otherwise. There are three choices:

  1. Linking your account with your brokerage of choice and then importing trades directly from there
  2. Manually inputting your trades with specified spaces and information.
  3. Send a screen shot of your trades

How can I tell if the trade is verifiable or not?

If you buy your trade through a reliable brokerage, there is the likelihood that it can be verified. This is shown by the blue check mark. If you post it manually or through images, it will be assigned as unverified.

The drawback of posting an unauthentic trade is the chance of receiving downvotes from fellow peers. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.

Are the Profit.ly mobile app still available?

As of the moment, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.

How many people are connected to Profit.ly?

Profit.ly is currently home to over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities on the stock market both right and left.

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