Ever wonder what would happen if you crammed almost 7,000 day traders onto a single website? Sounds like a good idea, right? Big Mike’s Trading Forum is an example of just that; a paranoid support group of misguided traders posting daily experiences to mislead each other on the markets.
In the public domain, it is of no benefit to a trader to directly help his or her competition, yet Big Mike’s Trading seems to disregard this simple fact. Can you actually trust any advice that’s posted there? Well, maybe if you want to shell out $50 for an Elite Membership, you can read the exclusive experiences of traders and use knock-off indicators based on an amateur’s interpretation of the real deal. Then again, you’d still be in the same boat, only this time obtaining both software and advice you can’t trust.
Well, what are the checks and balances that keep the members and content in line? Surely, there must be an ample staff of knowledgeable traders who can discern worthwhile posts from garbage. Unfortunately, most of the staff at Big Mike’s are all too eager to jump on the self promotion bandwagon.
Here’s a list of the Big Mike’s staff at their best, promoting the sites own content over legitimate research.
Moderator Jeff Castille promoting the forum’s own knock-off indicator of the Paintbar Factory:
Moderator Fat Tails promoting more its own knock-off versions of Nexgen T3 Fibs / MACD BB, Keltner Channels, Fib lines, etc. over those offered at EMini Academy:
Moderator perryg promotes another knock-off indicator called Jeff ADX (modeled after the original ADX), only available for Elite members:
Blatant negativity regarding the products of other vendors is apparent in nearly every thread within the Vendors and Commercial Products section. Big Mike’s advertising policy states that slanderous statements are not allowed and self-promotion is restricted. Surely, just the opposite occurs in all of the other sections of the forum, aside from Vendors and Commercial products. It is reasonable to expect one to conduct business for self-benefit, however, repeatedly biased posts such as those above show the true motives of Big Mike’s Trading Forum, a community of deception and losers.