There have been so many success stories surrounding the Timothy Sykes Millionaire Trading Challenge; nonetheless, there have been several myths circulating the internet as well. With a lot of falsehoods being purported about the millionaire challenge, it is high time we clear them and state the obvious. The Millionaire Challenge is a mentorship program initiated by Tim Sykes, which is geared towards creating millionaires out of newbies and experienced traders seeking more knowledge. However, despite it being termed a millionaire challenge, there have been individuals on the program who have made some thousands, tens of thousands, and hundreds of thousands in trading profit. This can be the results of the amount invested and the individuals involved. Nevertheless, a win is a win - which is the aim of the challenge (to make significant profits). In addition to that, the knowledge gained is priceless.

There have been multiple millionaires produced via the notable challenge - with a lot of them earning five and six-figures. However, such success does not come on a platter of gold, as there is a ton of hard work committed to realizing one's trading goals. Most people are not willing to get their hands dirty to study and practice intensively - so it's natural that they doubt the level of success achieved by those willing to give extra. A lot of opinions on the Millionaire Challenge - some being factual and the rest erroneous. The aim of this article is to identify some of these myths and set them straight.

1. It Is Not Feasible:

Some individuals believe that the Tim Sykes's Millionaire Challenge doesn't work and it's not worth committing to. It does sound ridiculous, as there are successful individuals on the program, and more still rising. An example is Michael Goode, a student who made over $1 million in profits. Prior to him being a student, he was among those who felt the program was ridiculous. He had zero belief in the founder, Tim Sykes, and the mentorship program. However, after being persuaded, he got on the program and made significant profits within a year. Not long after, he exceeded the $1 million profit mark. This actually changed his mindset and opinion about the program. Until you give something a try, you may never know what lies within that thing. Michael Goode is now an integral part of the Tim Sykes Millionaire Challenge and mentors other students.

It is important to note that the program is not cut out for everybody. Nevertheless, you may never know if you do not try. Another student is Tim Grittani who made over $4 million and closely approaching $6 million. Provided that you are determined to make a trading career for yourself, the mentorship program is ideal for you. Interestingly, there is a plethora of trading materials at your disposal once you join the program. You are placed in the right path to become a successful trader - reason for the outstanding numbers of successful traders on the program. All trades are publicly shown and not manipulated screenshots of results.

2. There Is Nothing New To Learn:

This is another myth commonly spread about the Millionaire Challenge. Some believe that there is no new information out there to gain - just as they feel that there is nothing new under the sun. They believe that most things that are taught are already available in trading books, podcasts and other resourceful materials. With that, they assume there is nothing new to learn from the challenge. Sadly, such mindsets hinders them from financially forging ahead.

There are some parts of the market that are consistent, no doubt. Such parts can be picked up anywhere, as they are being generalized. They are even available in the material, "e-guide to penny stocks." Nevertheless, this does not tell the full story. In addition to this general informative content, there is also an in-depth analysis from Tim Sykes and his top students on the knowledge and experience acquired through years of trading. That is the real deal right there. You can't get that elsewhere. Also, you are being offered personal value, as you how to trade effectively.

3. It's Quite Expensive:

This is a common statement you hear a lot; especially from people not willing to get engaged with the program. That way, they end up not investing in themselves financially; hence, inhibiting their success. Let's look at it  from this angle: a lot of students pay outrageous sums of money in tuition, without any guarantee that it will make them financially independent. On the contrary, a lot of them end up buried in student loan debt.

The Tim Sykes's Millionaire Challenge offers a tested and trusted system that is guaranteed to make you significant profits at a fractional cost of a college tuition fee. Aside from this, the program is flexible in the sense that there are various program options that are tailored to meet various budget sizes. Definitely, you would need to invest, but remember that the rewards outweigh your investment. This should be considered as an investment in one's self.

4. You Can Become An Overnight Millionaire:

If you intend to become a millionaire trader, then the Millionaire Challenge can and will help you. However, do not expect the work to be done by the mentorship program, and don't expect it instantly. It does not require a lengthy time frame to hit the millionaire's sphere, as some of Tim Sykes's students have made their millions within a few years. Additionally, you do not need much hard work to achieve such success. What you need is to do the right thing at the right time.

There is a need to study and acquire knowledge. You just have to keep practising all over and over again. At the end of this phase, you need to improve your process and set realistic goals. Ensure that each day brings you closer to actualizing yours career goals. Acquire as much knowledge as you can on trading - that way you can generate an efficient and productive work. It is important to learn from your mistakes and those of others.

With this, you can see that it is not as simple as it looks and not as hard as most people purport it to be. You will be confronted with challenges. However, staying true to the course will guarantee you tremendous success. If you wish to get started with the Timothy Sykes's Millionaire Challenge, please visit this link: JeffLenney.com