First, a big thanks to BD for opening my eyes, I have since done my own research after reading his v thoughtful & eye opening post above.
So with a little research i found FMM (not always under the same name) posting on other newbie / not very good fx sites (there were only 3 responses on one of them yet he continues to post daily - sounds like hes trying to get his google ratings up here), heres a few of them (someone did mention hes a busy man, yep - busy reposting the same crap all over the web):
username ForexMoneyMaker:
Forex Buy & Sell Trading Signals - Page 17 - Forex Trading | MetaTrader Indicators and Expert Advisors
username FXMoneMaker:
Forex Buy & Sell Trading Signals
username FXMoneyMaker (french website!!!)
Nothing much so far, I agree, until this:
FXMoneMaker
Search @ Forex Factory
& this gem…
TheMoneMaker
Search @ Forex Factory
…i was v surprised he dared post on forexfactory.com cos its a reputable site with many experienced traders who do newbies a favour by looking out for scammers / crap traders selling stuff. So as per above he has at least 2 usernames on ff.com: FXMoneMaker (Commercial Member Since May 22, 2011, Last Activity Jul 9, 2011, Country Lebanon) & he opened up this one a little later…TheMoneMaker (joined 10th Sep, last post 11 days later, Country Nigeria) after quickly being found out by other posters & the moderators. He was in fact suspended from that site, & people are warned that he has “multiple usernames”. Please note the FXMoneMaker is listed as “commercial member” btw. (Hubinator - are you reading this? 2 countries he’s allegedly from, someone on skype fmm said he was from germany so thats 3 & counting, Madelon said he was from Lebanon haha oh sheeple oh sheeple)
This is the thread where someone (gsantri - 1st post on page) kindly identified it was the same poster (our very own FMM - or i should say 'our 2 very own FMMs, bless him…he cld be bipolar though which would be ironic):
Cable Update (GBPUSD) - Page 19273 @ Forex Factory
…its definitely him cos this post on 21st sep is the same post as on babypips et al for same date:
TheMoneMaker posted on ff.com:
EURUSD - Page 36071 @ Forex Factory
“Euro/Usd Buy at 1.3580/85 then 1.3525/30, sell at 1.3790 then 1.3830/35 then 1.3915/20…”
“…Euro/Usd This pair is on daily downtrend, retracement at 1.3710, break is to 1.3740, above would target the above sell
signals changing trend direction, while on the downside is toward the buy signals”
http://forums.babypips.com/show-me-money-daytrading/38492-forex-buy-sell-trading-signals-17.html
(he removed the word “still” from his ff.com post)
Cheeky eh?
Heres some choice comments from experienced traders on ff.com i have kindly provided to you to save you having to look (though they are all on ff.com so feel free to confirm) yourself (all of these ff.com posters have thousands of posts each on there):
Posted by realjumper:
“Pulling numbers out of a hat and spamming FF with his crap…no charts to back up his numbers…just arrogance and rubbish…”
Posted by 2+2 = 4ex:
“I found it funny how he was trying to come off as a professional trader while saying not to use a stop. A professional trader NEVER risks his account like that.”
[well at least he has added SL to his strategy here, hes not adverse to learning]
Posted by realjumper:
"That’s right man…did you see the huge spike in the CHF about 10 hours ago?..no stop loss can attract mister margin
call in such circumstances…that’s why I’m pleased that this clown is gone.
“Anyone following him is going to lose their account sooner or later.”
Posted by realjumper
“You’ll only hear about his guess that come true, the underwater ones will be ignored. I wonder how long before the cost of
subscription to his signal service surfaces…”
Originally Posted by iqyu5an View Post
“any chart ? or signal provider ?”
“You must be dreaming!!! He’s spamming several websites with this stuff, not only many of the forums here at FF…all without any reason, charts or anything…”
Posted by Magix
“Hey, gluebag…WTF are you talking about?”
[seems its not just BD or me who has trouble understanding him…haha]
PayTheLimit
“nobody cares…get lost and stay of this thread…”
“people are actually trading here, not just posting numbers and then showing up 9hrs later…so again, get lost…”
“…But if you are here looking to sell something, you will be found out, and booted. Just so you know how it works around here. Good day to you sir, PTL”
[He didnt post again on fmm after this last PayTheLimit comment on ff.com.]
I am 100% sure theres loads more similar messages, by loads of diff traders (his peers allegedly), but you get the msg.
Shall i summarise the facts for all the newbies out there to date:
- So we now know he is definitely selling (hes a “commercial member” on ff.com, & he is prob selling on zulutrade also);
- he lies a lot - not just in posts to BD (how dare he) but with respect to his residence on ff.com et al - nigeria / lebanon / germany etc etc (its def the same poster as its imposs 2 people can have that same horrific english prose); Hes also trying to deceive, setting up new usernames on ff.com.
- he has got banned from reputable fx forums before…however why should this bother you (despite the fact his integrity is completely shot to bits) as hes providing you with excellent signals, who cares if hes the son of satan blah de blah de blah…
Well lets move onto his signals shall we:
4. His short term buy / sells are pivot points available on every chart package, these are based on prev high, low, close,
(theres various ways pivot points are calculated - which says it all really) - these are crap (can you not work this out from the fact they are based on prev high, close, low?!) if your trading them using no other confluence else there wld be algos doing exactly that (& there are none doing this cos someone wld then creare an algo fading these prev algos - get it?).
5. His medium term levels are dubious at best (gu yest retraced to big h1 level, eu today retraced to massive monthly level
- both his levels were way above these). I havent had time to check prev levels in detail but even a novice wld pick these 2 levels out as being key s/r areas.
Other facts:
6. There is no proof he trades any of his levels he provides you, he hasnt even tried to blag this either, which is odd - normally theres a photoshopped live screen - oh he did say he was crap with IT apps.
7. I can provide you with daily random generated levels - call them medium term; tell you to learn how to fade / breakout
trade before you trade these levels well; & if the medium term generated levels dont come into play, advise you trade using pivot point levels (i.e. his short term levels). Looks similar to fmm’s strat, no?
8. He rarely posts charts (the only trader i know who doesnt)
9. You need to be a ninja to be able to reverse @ some of his levels when they break out, plus if anyone taking his levels got that good at executing & reading PA no doubt you wld have spent the time also drawing, & then trading your own levels. Your better off just fading levels & setting a SL if it breaks out, you will lose less in commissions, getting in & out of trades actually going the right way. A few trades retraced yest @ levels beyond his levels, so you would have sold (or bought) @ his RT level, reversed when it broke that level (if your good at executing/identifying the reversal before its too far gone), and then when it did actually retrace a little further on, you wld have had to then reverse again, crikey 3 trades for one level!!!
10. Hubinators post-trade analysis is widely innaccurate (i cannot be bothered to say why, it shld be fairly obvious why & others have alluded to it before).
All the above are facts, i have a cpl of probable facts…
Probables:
11. There may be more than one trader using FMM username on other sites e.g. on zulutrades: in fact Madelon
confirmed on skype that they were a group, & they are also on zulutrades using EAs as per my previous post. FMM was
posting with no SL on ff.com which is the same as on the FMM EA on zulutrade - another reason why he is an amateur…
12. Hes not a very good trader - theres loads of clues, but one is posting on ff.com and expecting he could get away with it. Other examples? As before - no live calls of trades he takes, no charts, no stop loss (on ff.com, zulutrades) etc etc.
Thats enough of the facts - theres a lot of them though aren’t there newbies?
Now for the theory…
Searching “forex money maker” in youtube comes up with a cpl of videos, fair enough its a popular name - could be anyone. But this one caught my eye:
Person who posted it? Madelinenq8929 - (she has a lot of fx titled vids on there - v similar to the blanket forum marketing FMM does with his signals), now this name rings a bell - oh yes theres a Madelon on the FMM skype group page but again
it could just be coincidence, though this hasnt stopped me thoerising…& this is why:
~ Madelon has posted many a compliment about FMM on skype group, almost too sickly nice, & was quick to cover for FMM when i posted my first response, sounds like damage limitation (a PR technique). Theres a few others posting similar ott nice comments, wld they be posting such comments if they knew the above facts? or are they part of the same fmm marketing strategy? To add: Hubinator - BD might (hes a rascal isnt he!) have jumped the gun a little in assuming FMM had an alterior motive but there were a lot of reasons to assume as he did, too many, however the alarm bell rang for me when Madelon kindly confirmed on skype FMM is definitely on zulutrade - & that she is in contact with him by email daily (Hubinator - take the big slice of humble pie, & even if BD was wrong in his assumption everything in it is valid advice - well done BD!).
~ And those Daily emails b/t Madelon / fmm: this seems a bit of a close relationship if all Madelon is doing is using his levels - or even using his EAs on zulutrade - why need to be in contact daily, why not post on the forum if you did have queries about the strategy for everyone to see? Or is there more to the relationship? Sounds like you cld be involved in his PR / marketing to me - it fits the many other seller threads i have read.
~ Madelinenq8929 fx vids on youtube have no fx related material on them, at the moment theres some random pics (quite a smooth guy on there - wonder if its fmm!), yet they all have fx titles. They do however advertise a link: tiny.cc/forex911.
This is link for Forex Megadroid Expert Advisor #1 …it is a website (a hideous one at that) selling an fx robot The
Megadroid…haha…“FACT: The only robot that has been updating results daily for 1079 days”. I wonder if the forum threads will be used as “evidence” for this claim? Heres the blog…Forex Megadroid Blog - trading results and analytics for Forex traders. It prob isnt them but even on the blog it doesnt tell you much about the company, who is managing this company, who are the traders / IT developers behind the robot? and how cheesy do the co founders look? Anyway thats enough on this for now, I dont think megadroid & fmm are linked (megadroid has been selling for 11 years apparently), prob just a chance to use Madelinenq8929 vids as advertise space til they upload the FMM’s mean machine level signal provider droid with built in english translator & polite soundbites. Theory over, lets wait to see what happens, well you guys can i am gonna get back to trading.
newbies, open your eyes - do some reading, theres countless examples on numerous trading sites where people provide signals & not a lot else, then turn commercial vendor at later date - how good are these signals? the large % are useless, but theres a hell of a lot better ones on zulutrades than fmm et als judging by his ranking. They get found out very quick - it took 2 months for fmm to get found out on ff.com (most knew straight away but it took the mods a little longer)! The least you should expect with his signals is for it to become a product, now you know fmm is a seller. Also as mentioned dont forget he lies, a lot, & that for any vendor is the worst bit of PR / marketing possible - doh. Despite all the other signal providers like fmm’s out there, theres quite a lot of good, experienced traders out there selling stuff, you just have to look for it amongst the scammers & crap - generally someone posting live trades i.e. which do not just give you a level, but show you loads of charts / TA etc (e.g. 50pipsaday / ftsetrader / trade_dante are ones i follow on twitter / forums) & they will prob only trade a few times a day - calling the trade out live & telling you they took a loss on it if it went against them (e.g. being honest), they will chart it all up & show you their techniques & a lot of this is free info; compare this to FMM providing close to >50 signals which you have no idea if fmm took that trade or not. (fwiw I think bp.com is wrong having a forum topic “Holy grail” - there is no holy grail, anyone looking for one i.e. chasing people like fmm, is doomed. guess they make a ton from advertising - for companies aimed at newbies).
I could post more (e.g. showing how crap his levels are; this would be a great exercise perhaps for those newbies willing to learn - though i have not come across many of those ppl of late), but will leave it that. hopefully though those newbies who are crap at reading prev posts get directed to this one, & some ppl will repost this on the other forums above, should get the google rating up - an fmm strategy that is 
happy trading all.
