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Is FAP Turbo software a scam?

When examining potential Forex trading robot programs, many people fall prey to clever little tricks and tactics employed by the software’s authors to exaggerate or distort the program’s effectiveness.

One such tactic is by displaying results of “back testing”.

The back testing results represent the results of the forex robot software running in demo mode ie. dummy cash mode and although they can give a decent representation of how well the software may be able to perform, they also can be edited to fit the bill.

The thing you need to pay attention to is the equity curve (showing your potential rise in profits each day/week/month).

After visiting the FAP Turbo website I was surprised to see that they display LIVE trading data from their 4 real money accounts which are updated every 15 minutes, seemed at first like so many of the other FAP Turboautomated Forex trading programs out there…a little too good to be true for my liking but with live results displayed I soon changed my tune.

So, in order to establish whether the FAP Turbo system is legit or not, we need to consider the following factors:

1. Winning Percentage

The first and foremost key to a good Forex robot is the winning percentage it produces. Now, several analysts take figures that are generated over just a couple of weeks as truth, but the real secret lies in looking at the long term figures for a more accurate representation.

The beauty of FAP Turbo is that the winning rate in the past 9 years has been 95% on average, with live testing showing even better winning percentages.

Clearly, the software can make you money from this factor alone.

2. Drawdown

Drawdown is also an important consideration when choosing Forex trading software because it measures the maximum percentage of capital that the software has lost you.

It’s not unusual for the average automated trading software to suffer draw downs of approx. 10 and 20 %. After evaluating and reviewing the FAP Turbo system, we were excited to see that their software boasts an average drawdown of just 0.35%…very impressive.

As you can see, these figures are pretty promising when it comes to Forex trading software that will make you money on autopilot.

What we found out during our extensive FAP Turbo review (see bottom of article) is that the FAP Turbo software seems to trade for long term rather than short term, and makes you money from trends that are more stable as a result (probably why the success rate is more predictable for so many people).

We also noticed even before trying out the software that the videos, screenshots and other elements of proof on their website are pretty consistent…because the back test results and the live results share a similar pattern of equity growth, whereas many bogus schemes will show inconsistencies in their results because their back tests are falsified to inflate the true performance (using different rules in demo mode compared to real live trading).

When you weigh up all the evidence of the very impressive trading results that FAP Turbo has been delivering for almost ten years now, it’s hard to turn a blind eye to such a powerful piece of automated trading software.

Read the full FAP Turbo review here.

http://fap-turbo-review.info/

Technorati Tags: automated forex trading, automated trading software, EA, expert advisor, fap turbo, Fap Turbo Review

If making money at Forex trading was as easy as paying a couple of hundred of dollars and making no effort, everyone would trade and no one would bother to work. If you try and find a real time, independently audited track record from one the cheap Forex robots or so called Expert Advisor packages, you’re in for a long and fruitless search. If you want to make Money at Forex trading understand this — you need to work and get a good education and learn all the basics first and develop a Forex trading strategy, you can apply with confidence. Trading means that you trade your time or your money, but you don’t want to do both.

Count yourself among the thousands of others who want to make a quick profit in the forex market! They read some exiting add on the web and rush out to buy the newest “super system” or “forex robot” and think they will make tons of money fast! Better today than tomorrow right? These beginners that rush out there are who makes smarter traders their profit.

What is automated forex? Well, if you are very serious about forex trading, it is very important for you to control as well as monitor your transactions. If you are looking for FAP Turbo reviews with good results which will allow you to start trading without having to learn and spend a great deal of time analyzing the market, I recommend you find out more about it and decide if it could work for you. So, wherever you trade, you can track all of your trades, open as well as your closed positions and manage them how you wish. This helps to reduce your trading risks. So, you can use this software very easily without to much training.

If you are a serious Forex trader then you probably already know that you cannot go it alone. You need help. In all my years of experience, I have found the following three elements to be mandatory if you are to make good money in the currency market: Trading signals that are historically proven, consistent and accurate. Let me explain a little further. Also, you should use a trading program which generates consistent signals.

Technorati Tags: automated forex trading systems, currency trading, fap turbo, forex

Today, there are many kinds of FAP Turbo settings that are used in trading, but the question is which of these system settings would be best for you? As you are using the FAP Turbo system for trading in the forex market, it is very important for you to put your own system to the best settings there is right from the start (that is, if your goal is to make a lot of profits in trading the quickest way). This article will be able to give you good information in getting your system to the best settings it can have.

Being an amazing system that it is, your success still depends on how you set things up… and this is why right now people keeps searching for the best settings that they can have for their systems. But the fact of the matter is that no experienced user is going to spoon-feed you with the right settings to get the profits that they earn as you see it in the screenshot in their testimonials… and the reason for this is that if they did it, each trader will be using the same system, leading to a negative effect in the market for some currencies.

So that’s why it’d be crazy enough for them to give to you the best system settings. And even if you get to see the settings that they use online, never copy them. Why? Always keep in mind that there are many people who are going to see that page and for sure they're going to copy what they see, and the result? Everybody is going to lose money, and that means including you! And the worse thing is that what's being displayed online is just a trick and a diversion from the expert's success in gaining great profits.

Now, the right thing to do is just take a good look at those settings, tweak them in any way you want that would be best for you, rather being an idiot like the others who’d run their systems the same way as the expert does. There's also the forum which can guide you right as it can give you a good advice on the different settings that you can in trading. Remember that some users are really more experienced and honest than the other guys out there, and you got no way to know who these people really are.

In general, some FAP Turbo guidelines are applicable to every case there is: take for example, if you are dealing with small sums, what you should do is not to focus on those long-term profits but instead focus on the short ones instead. Now, this is a kind of tip that you can get from online information provided by the general forex training, as well as those from the documentation and forum. If you don't have any mentor who gives you advices in trading, it's best for you to study all of the information out there and then decide the best settings that will work for you. As for me, I wouldn't pay attention to a site that says anything about a best system that you can use in trading forex!

Technorati Tags: FAP Settings, fap turbo, FAP Turbo Settings

If you’re interested in learning more about FAP Turbo (the forex trading software which has making waves in the Forex community lately) then this guide was written for you. In particular, we are going to discuss what exactly FAP Turbo is, how it works it make you money, and if it’s really been living up to the claims lately. When you have finished reading this guide, you will know what FAP Turbo is all about, and whether it’s worth your time.

Let’s kick this off.

Firstly, what is FAP turbo? Basically, it is an EA (expert advisor) which runs on your PC. Another option you have once you’ve bought FAP Turbo is to pay an extra monthly fee for it to be run on their servers, so you can turn your PC off and still be able to make trades. It was developed from the popular Forex Autopilot System by Marcus Leary. It is also one of the best forex trading systems around.

Something you should know about FAP Turbo is that it contains several safety features which are designed to prevent it from trading under “risking trading conditions”. Obviously the idea of letting a computer program trade with your real money can be very risky, which is why FAP Turbo has so many safety features.

Also, it isn’t designed to invest a lot of money. Instead, it’s designed to make several small “sure bet” trades which are almost guaranteed to be profitable, so the software makes small winning trades consistently.

But does it actually work? It is just a scam designed to take your money? In backtests (accompanied with video proof, and which you can check for yourself) FAP turbo has proven to double money consistently each month since 1999. However, as you may know, backtests aren’t the same as making “live” money in the Forex market.

Which is why we looked at user reports and genuine consumer feedback before we came to a conclusion. So far, feedback from the Forex community has be in favor of FAP Turbo. While it hasn’t doubled everyone’s money, people have consistently been making winning trades with the help of this EA. It has been proven in demo accounts, and also many traders have seen real profits on their live accounts.

But how long will it last? Only time will tell. But right now, it seems like owning FAP Turbo is “money in the bank”.

To summarize, this article has given you an overview of what the FAP Turbo phenomenon is all about. In particular, we talked about what it is, how it works, and whether it really lives up to the hype. Now that you have finished reading this guide, you should be able to decide for yourself if you want to try it out.

Technorati Tags: fap turbo, forex trading system

Earnings Potential

We have to be very careful what we say in this FAP Turbo review because there can never be any guarantee of earnings. There isn’s a 100% reliable system, it also depends on who the user is and what settings they choose. You can lose as well as win at forex. As I am sure you know …

The FAP Turbo site owners mention profits of $1000 to $3000 per day. Live testing in the GBP/EUR market has shown continually good results and profits.

Level

FAPTurbo will work out the best for traders who are intermediate level and over. So you will have to have at least some knowledge of forex and trading to get the most from it. The array of different settings can be daunting. In fact the number of settings and its complexity are where it derives its strength, but you must have some knowledge of the market principles involved or be prepared to learn them.

I have read some people recommend that this program is not for beginners. I cannot agree. I think that if you are a beginner who is willing to learn, then getting FAP Turbo from the get-go may be the best way to go. You will have a bit of work to do, but that is true of forex in general.

So what I would say is that beginners can go ahead, however you probably will not be earning $1000 per day by the end of the week. Make sure you watch all the videos and read all the manuals a few times before you start, and check out the FAP Turbo forum. Don’t risk real money before you are ready. And most importantly – make sure not to throw in the towel too early!

Full telephone support is provided. Most robots do not have this kind of service so it is an extra bonus.

This is the best forex robot on the market.

Technorati Tags: best forex robot, fap turbo, Fap Turbo Review

Forex trading is probably one of the hottest money making systems around, and why not when one is dealing with a market trading over $3trillion every day and open to the average mum and dad as well as the big boys.

Many people are looking for a guaranteed way to make good money on Forex without doing much, and there are even more people claiming they have the product that will achieve precisely that.

I have trialed a variety, not back testing but on real time demo accounts and most will leave you watching your account dwindle to nothing. They failed dismally, but that said, there is one which is getting close, very close; FapTurbo. 

I have been running it as a companion to my manual day trading, and once it programs itself around its chart interpretation, it consistently makes profitable trades like no other I have seen. It is a Forex Robot, so once the parameters are set it is virtually ‘set and forget’, except for the monthly upgrades which keep it up to date.

One of the intriguing aspects to FapTurbo is it cannot be used with some brokers, it works too well, an enviable notoriety!

FapTurbo is very straight forward to install, so you can start learning how it works within a matter of hoursa few days. You’ll soon find yourself working on settings and strategies on your demo account, getting to know which to go live with and which to avoid. Within a few days, you will become confident of its abilities and able start real trading, then watch the profits roll in.

Support is exceptional as is the very active ForexTurbo Forum, where the is a huge amount of data and assistance for beginners.

So if you’d like to commence Forex Trading, this is a terrific way to start and not be left on your own to be challenged with a Robot system that offers no help or support.

Visit the Official FapTurbo Website for more information.

Technorati Tags: fap turbo, Fap Turbo Review, fapturbo, Fapturbo review, forex, Forex currency trading, forex robot, forex trading

In this FAP Turbo review, Jason Cline gets down to basics with FAP Turbo – the hottest automated forex trading software to come onto the market ever, probably. So what is all the fuss about?

FAPTurbo Profit Or Loss?

The test results that we are shown on the FAP Turbo web site are amazing, but of course they would be that way. What we need to know is whether users like you and me can profit.

A quick scan on the world wide web shows that users seem to be very happy with their results. It seems to be doing better than every other robot that they have tried.

FAP Turbo Experience Level

I have seen some criticism that FAP Turbo is too complicated for a beginner and certainly to get the best from it takes some currency trading experience or certainly a basic theoretical grasp of stock or fx trading. FAP Turbo has many options with regard to the settings so a beginner would take time to get accustomed to with that.

But the complexity is what gives this automatic forex system an advantage over the others. So in the long term it is a good thing. A total newbie would need to allow time to adjust to it, but this is surely better than starting out with any other robot that might be less complex but would probably end up losing your money.

So to beginners I would say, go ahead and get FAP Turbo but do not expect to begin making $1000 a day right away. Take the time to view the videos, check out the FAQ and ask questions on the forum. Start out with a demo account — do not get into real money trading before you are ready. This way you will have your best opportunity of profiting from it.

Requirements

FAPTurbo uses MetaTrader4 which is the industry standard platform for this type of robot. You will need Windows (2000, XP or Vista).

Price

As I write this, the reduced launch price is still available but it could change at any time. Whatever the current price may be, keep in mind that this is just a one time cost. You will own the software outright and can take as much time as you want getting to know it.

Upgrade Options

You will not be bothered with a lot of upgrade options but they do offer to install FAP Turbo on a central server for you, instead of operating it on your own computer. This means that you do not need to leave your computer connected 24 hours a day and you will not need to worry about breaks in the internet connection while you are sleeping or not home.

Beginners might as well wait until they are ready to start real money trading before taking this option. But if you are intending to start live trading right away, you will probably want to accept the offer and set up on their server from the get-go.

Guarantees

The refund guarantee is good for a full 2 months through Clickbank. You do not have to go to the product developer if you need to ask for a refund, you can go directly to Clickbank and you will be refunded. I advise ordering through Clickbank if you can, therefore.

Summary – 5 Stars

It is clear to me that FAP Turbo is the best automated forex system on the market right now. If your current software is not performing or if you have been trading without a forex robot, you will certainly want to get FAPTurbo. Newbies should try it out and keep going, keeping in mind what I have said in this FAP Turbo review.

Jason Cline writes on automatic forex trading system software and the foreign exchange trading market for several websites. You can see an in-depth version of this FAP Turbo review giving you even more points at http://www.automatedeasyforexsystem.com

Technorati Tags: currency trading, fap turbo, fapturbo, finance, foreign exchange, forex, forex robot, forex system, Fx, investment, make money

Someone puts out a new automated forex trading system just about every week now, it seems to me. All of them produce great results in the tests they show but when we try live testing the results can be very different, as many of us know from bitter experience.

So why do our hopes turn to ashes? Is it the fault of the user and the settings that they select? Did the promoters fake the results? Or is there some bizarre law of physics that says that the moment a currency trading system is automated, the forex market will alter its course to prevent it from working? Sounds crazy I know but but sometimes I have wondered and you too perhaps.

But honestly I don’t believe it is because of any of those causes. I may be hammered for this but this is what I believe actually happens …

This is how a new forex robot is usually developed: a trader or traders take a system that has been bringing in profits (or dream up a new one and backtest it), pay a programmer to turn it into a robot, and then to cover the cost of the programming and hopefully make a lot more besides, they market it to traders like you and me.

The critical question comes in the very first step. If the system has been working for the trader for a reasonable time, no problem. But many times they act too quickly. They depend more or less on backtesting. They know that new robots always sell well, so they will surely cover the cost of the automation, so there is in fact very little risk in them taking on a programmer as soon as they think up something that gives the results on backtests. They may not wait for live test results.

So they create a new forex currency trading system. Then of course they need to market it. They might do a small amount of live testing, but it is risky! It might make a loss. They wouldn’t lie about the results so maybe it would be better not to run it on the live market, but release it to the market right now. People tend to believe what they read and far too many of them will buy on the basis of backtesting alone. Quick! the expert thinks, Let’s get it out there now while it still looks like it works!

So what is the problem with backtesting? Nothing, if you accept that future results will be the same as past results. But wait, isn’t that the first thing they tell you in the disclaimer on all investment documents? “Past results are not a guarantee of future performance …”

Consider this simple example. You know that the chances of winning on black in roulette are just under 50%, right? It’s less because of the zero. I think it’s about 48.5%. But distribution patterns mean that if you considered a couple of hundred spins you would probably not get exactly that many blacks. For example you might have 51% black.

So what if you did that, considered those results and said, Wow, 51% black in backtests! Cool, let’s develop a robot that always bets on black …

It would lose.

Sure the foreign exchange market is a little more involved than a roulette wheel, but I think this is basically what developers are doing when they build a currency trading robot based on past results. And I think that is why they often do not work.

I am not saying that you should not use forex software, not at all. A forex robot can be a wonderful tool. I am just suggesting that you should consider how they have been tested. Don’t grab the latest forex robot the same day that it is launched. Wait a while, watch the forums and find out how other people like you get along with new automatic forex trading systems before you push your money into the developer’s greedy hands.

Jason Cline writes articles on automated forex trading system robots and the forex trading market for many internet sites.

See what he thinks of the best seller FAPTurbo in his FAP Turbo review

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Technorati Tags: currency trading, fap turbo, fapturbo, finance, foreign exchange, forex, forex robots, forex systems, forex trading, investment, trading