There have been several fake business and money market wizards who have time and again fooled the public with their schemes when the reality is that more than them actually making money with their so-called systems or unique methodologies of beating money markets, they actually rip off honest people’s money by getting them to sign up for lessons and courses. This is something that is happening time and again and someone should put a stop to it.
The latest money market guru to join the bandwagon is Steven Dux, a Chinese student who is young and so successful that Timothy Sykes, another controversial finance wizard, took him as his student and proudly proclaimed him as his biggest success story and achievement. It was reportedly the advice given by Sykes that helped Steven Dux make his millions. Things are more complicated than this. Dux is using strategies which are practised by multiple other traders.
Steven Dux was a struggling engineering student who found out Timothy Sykes and then learnt all about his system for making money, investing $5,000 on the latter’s Millionaire Maker program. In 14 months, Dykes reportedly increased his wealth from $27,000 to more than a million. He has also shown proof of his income which may be true or false, there is no way of verifying. Dux then thought of selling a slightly cheaper money making system of his own as compared to Timothy Sykes since he had anyway struck it rich.
Penny stocks is what Dux really specializes in and offers tips on. They are some of the most volatile instruments the world over. It is really difficult to profit from penny stocks and one should be in it for the long haul in general. Steven Dux, based on several complaint and regretful posts from people, is not really generating value for anybody with his course and particularly because he is looking at penny stocks.