Stock trading is an extremely risky game. On certain days, you may enjoy the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it could be very difficult to return to where you were your peak. If you are immersed in the water it is important to recognize that relying on instinct and survival may not always be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe. That’s why we’ve identified a platform that can support you in your growth in the market. In this review, we’ll be taking the time to look at Profit.ly, a well-recognized one-stop social platform for trading!
For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly Forex
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be informative responsible, transparent, and to build relationships with one another through its wide range of features and tools such as trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for people who are just beginning their journey as well as a place for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad variety of tools for trade and communication and letting traders from every field of business connect with each other. It gives the gurus an opportunity to invest in the right areas of the platform. Imagine it as the social media equivalent to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the transactions are legitimate and will not allow for fraud as much as possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been done before.” This idea was, he said, serving two objectives: one) keeping track of public data for not just the gurus as well as newsletter writers and students, and 2) giving anyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Profitly Forex
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders have access to a range of tools and services that are geared at achieving achievement. You can create an account for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you have yourself the chance to climb through high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs and its gurus. It’s not just a way to show your worth to a large group of traders, but you can also use Profit.ly to buy from a guru with the confidence that you are confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could opt to post your trades, whether verified or otherwise, through photographs. In Profit.ly are a variety of trading courses as well as the ability to look at stats in a trader’s profile, and more ways to connect with your gurus through the chatroom along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The trading of penny stocks is a stepping stone for small companies to move to a large marketplace as it allows them to access funds from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality series “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place of transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the trading experts who have earned significant amounts of profit from their combined years of expertise. Profitly Forex
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru offers.
From 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 for a month you’ll be able to see him focus on the basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices, as well as email, text and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 monthly, it is a great option for those who are committed to penny stock trading. Pennystocking Silver includes all the basic features found in prior plans, such as alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Profitly Forex
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base of information provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. On top of that you’ll also gain an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s look at what the three are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. When you sign up for this plan, you will be immediately given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading and even texting your fellow traders; and providing feedback on trades today. You can also get on leaderboards; analyze, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. You can’t create a private profile, thus making your activities publicly available. If you’re interested in have an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use the majority of features available in the Novice plan. In this plan, that you can create an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to develop their skills in trading. Although it’s a nice thing but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders that could be a disadvantage for those eager to try this new tier. Profitly Forex
This is by far the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 monthly, with an additional 22% discount when billed annually the Pro plan has it all. It gives you full, unlimited access to all the options of the previous plans.
You’re not only able to view other people’s stats and data, but you also have the opportunity to create a private profile. Both of these features, plus the other benefits that you can use to the fullest potential. If you’re in search of an account that will give you with everything you require as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly has a few additional services that it can provide. One of them is the online store, where customers can pick from a range of instructional videos that are that are designed to educate and guide you through the nuances and pitfalls of trading. The products listed on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other things trading-related, clips and clips taken from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s variety of features and services. You may be familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, as well as some specialty websites that provide live chat assistance. But in Profit.ly it’s seen as a hands-on place where gurus and their members can interact and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members. One of them may be a laid-back person who is less active, while another may be more active and in touch in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock trader types, from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. They will also get daily videos and chat room tips from the in-house experts as well as their members. They’ll also be able to select from the products in its online store that they can take with them wherever they travel. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll be able to realize that trading is a high stakes game that should not be viewed as an amusing pastime.
For those traders who have had many years of experience down the line, we believe Profit.ly as equally as suitable for them as it is for those who are just starting. While novice traders may not be as adept at managing trading, the pros already understand the way it functions and the risky mix that come with it. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to improve their trading skills. As beginners, they are able to learn from the experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others in order to guide them through the ever-illustrious trading process. Profitly Forex
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You get to be taught by experts and advice from the company’s inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There is truly something for all
- Profit.ly’s abundance of packages and products offered may be too much for the majority of its customers
- Since traders can choose to post any kind of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to boost their rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because its premium users will immediately benefit from the many services the platform has to provide
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The Final Verdict is: Is Profit.ly Valued?
If we could come up with the answer, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally intended to be created to achieve this goal. Instead, you need to have an open mind. Profitly Forex
What we are referring to by ‘yes’ is that it is a fantastic learning tool. People who are stuck might discover Profit.ly’s range of resources to be helpful in their efforts to reduce losses and perform better than before. Not only poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you really care about being more successful in trading and would like to learn from your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ Profitly Forex
How can you make use of Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries within the My Trade’ category of the dashboard. It allows you to post your trades, verifiable or not. There are three choices:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is indicated with the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing in the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.