Fap Turbo
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If you have traded forex and searched around for forex-related information, I am sure you must have heard of the forex trading software called "FAPTurbo." According to what I heard from other forex traders, FAP Turbo seems to be the best trading robot available out here. With only $149 and 60-day money back guarantee, it looks like you got nothing to lose (if you trade demo, of course). So a few weeks ago I grabbed the software myself and tried it out. Here are my opinions:

Before I start, if you are looking for all the positive things about this software, you'd better read it from their website FAPTurbo (see link below). They did a pretty good job of listing out all good things about their product! I only talks about certain problems I experienced (or have thought of) with this forex trading robot.

First of all, it is an Expert Adviser (EA) that is designed to work with MetaTrader4 (MT4) platform. Now, most people stop there and say "So what?" But here's the big problem: what if your favorite forex broker doesn't offer MT4? Even at this day and age, many forex brokers do not provide MT4, or set certain limits in the option. So you may face other restrictions or lack of features that come with your broker's special trading platform. For example, you may want to start trading with a micro-account (where you can trade with only $50 or something like that). Finding brokers that offer such micro-account is already hard, finding ones that provide micro account on MT4 is even harder. So you may end up trading with at least mini-account instead. When people talk about forex trading software that works with MT4, they make it sound like MT4 is the universal platform utilized by ALL brokers. Nothing is further from the truth. I have known many forex brokers that do not use MT4 at all.

Here's another problem. This expert adviser seems to work well in range condition, not break-out situations. In other words, if there's nothing big going on in the financial market, this forex baby can quietly grab 4 - 7 pips at a time, which are pretty nice since you don't have to do anything. But if the forex market gets into a roller coaster ride (which I experienced a few weeks ago with GBP/JPY), your account could be wiped out! Why? Because this baby may get you stuck in a wrong-direction trade, then try to hedge it in the opposite way. There's nothing wrong with hedging, but if the market is unpredictable, both positions are closed in the red. I heard some comment before that FAP Turbo actually grabs the trend and gives you big gains, which can easily make up a few smaller losses. But I didn't seem to work that way for me.

And that's not all. This expert adviser is not that simple. If you have the impression that it's something you just need to click a few buttons and your trading account will explode with profit... then you'll be very disappointed. The software does provide different risk settings that you may have to think hard about. What risk option you should take for your account size and market condition, it does need a human brain. Then comes the question "Which currency pairs should I use this expert adviser for?" Currency pairs aren't performed equal. Some work better with the software, others don't. There are other factors such as market conditions and timing that the software works best, or doesn't work at all. The point is, it's not that simple.

Anyway, I didn't ask for a refund (or plan to do so), because I still think the software is helpful. At least, it saves me a lot of time that I don't have, doing what I wanted to do. I believe that as I get more familiar with it, and that if I set it up differently, things will be better.

Rudy has been trading forex since August 2005 with numerous brokers, forex coaching programs and forex software packages. Visit http://www.ForexBuddha.com for more details. Article Source: http://EzineArticles.com/?expert=Rudy_Freeman

I've been trading currency for some time now and as a forex trader it's almost impossible to do searches for forex related terms without stumbling upon FAP Turbo, the automated trading program. I got sick of hearing about it so I finally cracked after learning that they guaranteed a 60 day full money back return policy if you weren't completely satisfied. I decided to document my FAP Turbo experiences here in this article.

For those who are unaware, FAPTurbo is an automated trading system designed to keep you on the winning sides of trades by reacting to changes in the market without your slightest intervention necessary. It does this by staying connected to and analyzing real time market data 24 hours a day so that it's always poised and in position to react to changes first and before anyone else.

I was skeptical about the ability of a robot to make me money for nothing, I mean if it is good as they'd have you believe, why isn't everyone using it? Well as I said my curiosity got the better of me, thinking that I could test it, debunk the rumors, then begin flaming it across the net when the opportunity would come up. When I installed it and began trading with it in the first week (through a practice account), I was blown away to find that my investment of $500 turned into $900 over the course of that week. I let it ride in the next week and the $900 turned into $1400.

What I've subsequently learned is that FAPTurbo, unlike other automated trading systems out there today, only trades in lower risk/reward environment like trades. Consequently it boasts the highest winning rate of any automated trading system out there today so it won't promise you overnight wealth but instead is the first reliable automated trader out there at bringing in realistic profits.

When you get down to it, FAP Turbo doesn't do anything that most experienced traders couldn't do. The point is that it trades effectively for you around the clock, day or night, which is a huge asset to have considering the 24/5 nature of the market. It's like hiring a very competent full service broker to trade effectively for you around the clock, but it's much more economical as it's a one time price and you don't have to pay out large commissions to anyone, you keep it all. I would recommended FAP Turbo to beginners who don't have the time to invest into learning how to effectively trade currency themselves as well as experienced traders looking to supplement their existing trading income.

I want to note that FAP Turbo isn't for anyone expecting to get rich overnight, nor is it a get rich quick scheme. But if you are interested in earning some realistic and reliable money which anyone can benefit from without having to learn everything or anything about the forex market, this can be an invaluable source of income, one which I continue to use religiously today. If any aspect of this sounds too good to be true, please do not take my word for it and instead try it risk free for 60 days. Trade within the confines of a free practice account using virtual money to see it work before you invest any real money to make the entire transaction completely risk free. You won't be disappointed. Article Source: http://EzineArticles.com/?expert=Max_Branner