Forex Trading

Here is some clarification on bbmac and the comments made by others.

Ive deleted bbmac's posts for this reason ... Cos i can :)

There is a little more to this story than he will tell you all.

Ive known of him for many years now. He was a part of my old proforex group also and we dealt together on a daily basis. In all the time that I have known him he has never ever made a valid live trading call. Now he's very well practiced at making calls after the event very quickly - if a price drops five pips then he's there - "i went short and closing now" not once, but every time.

you would think that in 3-4 years of knowing the guy with dozens of other traders that I would have heard a live call wouldnt you - so what about the others - they havent either. In fact, i open up an invitation to anyone who has heard this '95%' win loss ratio in action.

Around 18 months ago i kicked him out of proforex for security reasons im not prepared to air on here, but i'm a forgiving guy and thought i'd open the communication channels again.

Now to the room and my reasons of closing. Thor, this blog isnt dead Thor - it gets 500 hits a week and the room was publicised in forums also. bbmac certainly checks it every day even though i only post sporadically.

I was actually not unhappy about the number of attendees on day one as i knew it would grow.

The reason i started the room in the first place was to provide a good quality chat room environment. The idea of some training was cool and the idea was that traders could train traders much as what happens in most text rooms, but with some quality. I was happy to get this going for no profit just so we had the facility.

Some people started suggesting that we could make a bit of money on this and as you know if you read the website the idea was to allocate this money between those who trained and pay for the room.

bbmac heard about the idea and offered his services but on top of this he was suggesting it become a signals room and that we charge up to $300 a month. He said that he would want at least £5000 a month to train in the room as he would miss out on trades and that would put a shine on it. (look, that's £ not $)

I told him that if that's what he wants then forget it as it's not the idea behind the room. He said he would be involved anyway as he also wanted a good chat environment. However he did push for this traing aspect and suggested the line 'earn whilst you learn' which i incorporated in the room thinking it would generate an extra intrest. He agreed to the publicity, agreed every step of the way.

I had never heard bbmac make live calls and neither had my mate Keres - in fact he said "if bbmac makes live calls for a day and makes money i will go and have a shit in the middle of the road" - worth a bet don't cha think?

prior to this i had told all the trainers that no calls or signals were needed - bbmac however promised he would do this and that i should promote it as such expecting to give at least 50 pips worth of calls per week.

I said ok, launched the website and started publicity at which time the mails started coming in, we had around 100 interested. Once this was apparent that i could actually make this happen, bbmac then started saying that he doubts the quality of the people who were going to be trainers and that in fact it would be the bbmac show. I assured him it would not have been and after a short while this would have become apparent to all of you. However he continued to whine about this and then said "ill keen my commentary to support res levels and news etc" not an exact quote but close. clearly an attempt to avoid making the calls he had pushed for.

Then mysteriously he began to have problems logging into the chatroom - no-one else had any problems at all and also these problems were clearly on every computer he had - makes you think now yes?

So i wrote and asked if he was trying to get out of it, oh no, he would be there with me on monday to see how it goes.

Well the guy came in for 57 seconds at about 12:55 pm, never said a word and then went. he never contacted me on paltalk or via email with an explaination or apology. what a wanker and a let down, not for me but for those who signed up.

The original idea of this was to have a low cost decent chat room environment - thats all. all the high cost and 'earn whilst you learn' stuff came from Stewart Mcnabb (bbmac) in his quest to be on the make because he probarbly can't make money trading (from the evidence available of which there isnt any).

If what i say is not true then why doesnt someone challenge him to make these live calls in paltalk for just 5 days one week. Then either I will look an asshole or not, whichever way the truth will be out once and for all. I have nothing to prove. I made call after call for over a year in a live chat environment, my reputation as a trader is well known and respected. I also trade on zulutrade where people can follow many of my calls should they so wish. Stewart, your reputation is based on bullshit commentary that means squat. maybe you should do something to change it