Forex Trading

An amendment to an earlier comment

In my last post - i was talking about the profitability of the one minute chart and stating of the profitability of such methods i said "I have known people that make lots of money from small scalp trades - BBMac being one such outstanding trader and just about the only person i know that can make money from scalping."

I need to rescind this. I no longer believe that anyone can consistently make money from a one minute chart, especially bbmac. If anyone has even heard this asshole ever make a live call then you are one of the very few people in this world that has.

On two occasions now it has been arranged for this self proclaimed king of one minute trading to prove his worth by giving live calls to an audience and both times he has backed out for very weak excuses, wriggling his way off the hook like a small worm.

The man talks the talk, but cant walk the walk. another wannabe trader that in practice can only trade the hindsight method. Should really stick with the horse racing tips.

Moral:

Make sure whoever is advising you can actually do what they are advising - ask them to make some live trading calls. Its pointless taking advice from someone less capable than yourself or a 'theory' trader.

some people are very fluent in bullshit - but it smells - make sure you take a good whiff before you buy the advice.