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Old 05-03-2008, 05:49 PM
lonelytrader lonelytrader is offline
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Join Date: Feb 2008
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4XLounge

I had contributed as a member, and at one point was asked to help moderate. I found the owner to be a bit on the unscrupulous side in his dealings with others. He had originally partnered with Andrew Spanton, but broke their agreement and left a sour taste in Spanton's mouth. He then went on to create 4XLounge with a lot of Andrew's listeners from his free radio show as customers. He began offering subscription and affiliate stuff almost immediately.

One of his subscription/affiliate contributors, a so-called FX analyst/signal provider, promoted himself as an expert. One forum member asked a question about Heiken Ashi. The "expert" cut and pasted his answer from an article by someone else over at Investopedia, put the conclusion and the beginning and the intro at the end, threw in a couple of filler sentences in the middle, and passed it off as his own special understand. Nowhere did he mention the author of the article he plagiarized. It was so incredibly blatant that it would never pass for a mistake. When I called him on it and asked him to come clean, he became belligerant and of course claimed he was innocent. I even posted the original article, which was promptly deleted.

I was subsequently banned from the forum and slandered as a troublemaker as a result. I'm sure the entire thread was deleted, as it was probably incredibly embarrassing for the owner of the site and the signal seller. I've never been back.

In any case, the forum is nothing like FF, TSD, T2W, GV, or MT and the services were, at the time I was reading the forum, geared specifically for hobby traders who believe anything they read and who are almost begging to part with $50 a month for such "special knowledge" from "expert traders". It almost felt predatory.

Other than that, the lounge itself looks pretty sleek. If you're into being hip more than you are into being profitable.

My two pips.
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