Browsing Category: "Fap Turbo review"
Fap Turbo works, the Broker doesn’t…
It’s been some time since I’ve mentioned Fap Turbo, the Forex betting robot. The main reason for this was that I’d decided not to use it anymore after making a loss on my account.
Now, let me say straight away that I don’t think my losses are down to Fap Turbo. The main reason was that the broker I used was not suitable. Their spreads were too wide on the pairs traded so the robot wasn’t able to trade profitably.
So how can I make the assertion that Fap Turbo works? Quite simply because other people have made money and continue to do so but with other brokers.
I personally know of three groups who continue to make money using the robot. I know two of them use Alpari as their broker so I am looking to sign up with them when sufficient funds become available.
The current price for Fap Turbo is $149 and a message on their site dated 05 July suggests that the price will rise to $399 after another 27 systems have been sold. CAVEAT EMPTOR: This number of copies has been on the site for a long time so the ‘threat’ may be a marketing ploy.
So, the lesson is that if you want to try Fap Turbo then make sure you choose a suitable broker.
Now, let me say straight away that I don’t think my losses are down to Fap Turbo. The main reason was that the broker I used was not suitable. Their spreads were too wide on the pairs traded so the robot wasn’t able to trade profitably.
So how can I make the assertion that Fap Turbo works? Quite simply because other people have made money and continue to do so but with other brokers.
I personally know of three groups who continue to make money using the robot. I know two of them use Alpari as their broker so I am looking to sign up with them when sufficient funds become available.
The current price for Fap Turbo is $149 and a message on their site dated 05 July suggests that the price will rise to $399 after another 27 systems have been sold. CAVEAT EMPTOR: This number of copies has been on the site for a long time so the ‘threat’ may be a marketing ploy.
So, the lesson is that if you want to try Fap Turbo then make sure you choose a suitable broker.
FapTurbo double whammy in my FXPro account…
All I can say is…ouch. This past week I was hit with a double loss on the EURCHF pair which has badly dented my FXPro account. It seems that the pair were subject to a large movement and FapTurbo closed out at a significant loss on the trade.
This was doubly painful for me because the software had opened two trades simultaneoulsy so my loss was double. I’m still very uncertain about FXPro as a broker for FAPTurbo as my trading experience has not been that positive.
However, I am pepared to give it at least one more week to see if things can turn around. If not, then I’m going to transfer to another broker as soon as is practical.
What’s heightened my frustration this week is receiving about six different emails from different sources extolling the virtues of FAPturbo and how much money it is making for people. Now, I’m not convinced as it just seems that they are hyping up the product because it’s been a while since the orignal launch.
If you have been sitting on the fence on whether to buy FAPTurbo then my advice at the moment would be to do a lot of research and make sure that any claims made about profit can be substantiated fully.
One place you may want to try is FAPTurbo Review as they have been using the software for 15 weeks and provide a video update each week as to what has happened. They run two live accounts, one with FXPro and one with FXDD. The account with FXPro is in the region of 36% down (reflects what I’ve experienced) and with FXDD it’s 50% up.
Clearly, choosing a suitable broker is a critical element for success.
This was doubly painful for me because the software had opened two trades simultaneoulsy so my loss was double. I’m still very uncertain about FXPro as a broker for FAPTurbo as my trading experience has not been that positive.
However, I am pepared to give it at least one more week to see if things can turn around. If not, then I’m going to transfer to another broker as soon as is practical.
What’s heightened my frustration this week is receiving about six different emails from different sources extolling the virtues of FAPturbo and how much money it is making for people. Now, I’m not convinced as it just seems that they are hyping up the product because it’s been a while since the orignal launch.
If you have been sitting on the fence on whether to buy FAPTurbo then my advice at the moment would be to do a lot of research and make sure that any claims made about profit can be substantiated fully.
One place you may want to try is FAPTurbo Review as they have been using the software for 15 weeks and provide a video update each week as to what has happened. They run two live accounts, one with FXPro and one with FXDD. The account with FXPro is in the region of 36% down (reflects what I’ve experienced) and with FXDD it’s 50% up.
Clearly, choosing a suitable broker is a critical element for success.
FAP Turbo still slow for me…
Last week FAP Turbo was very quiet for me with only 2 trades resulting in a small loss of about $1. When I checked the results for yesterday I saw that there was another loss of approximately $10 so for me there is still some way to go before I see any real return.
Now, this may be because the spreads that FXPRO use are still outside the range that I’ve set in the EA but in a way I’m working on the basis that being out of the market is not such a bad thing.
I think I’ll leave things as they are for this week and then review things for next week. There are quite a few sources of information around people using FAP Turbo so this will be a good starting point when I review everything.
FAPTurbo and Forex Auto Scalper suffer in volatile conditions…
I mentioned at the end of last week that I would not be trading with FAP Turbo or Forex Auto Scalper this week as events in the US and general economic conditions seem to be hanging heavily on the market.
This seems to have been a wise decision as reading various reports things have not worked well this week. Right at the beginning of the week I noticed a trade on my Forex Auto Scalper that resulted in a 20 pip loss (this was outside of normal trading time) so I immediately closed it down.
Reading the FAP Turbo forum there are many posts where people have experienced losses, especially on the GBPCHF. Some people have lost a sizeable amount of their bank and are smarting from the experience.
Having said all that I believe there is some evidence that the big losers were using settings that were less than conservative so there is a case for reaping what you sow to some extent.
A very useful site that will provide detail trades on both FXDD and FX Pro live accounts is FapTurbo Review. When you sign up with your email they will send you a weekly commentary on how they fared during the week. They also show the settings they use to help newcomers.
I will watch how things go next week to decide whether I will start up either FAP Turbo or Forex Auto Scalper for trading. As said on many comments I’ve seen being out of the market in volatile times is just as important an investment strategy as being in it when profits are being made.
Again, many people seem to expect these tools to provide instant profits of a sizeable nature. I think this is the wrong approach. Time is on your side because the market is always there and as long as you use compounding sensibly the long term is a better bet for overall profitability.
This seems to have been a wise decision as reading various reports things have not worked well this week. Right at the beginning of the week I noticed a trade on my Forex Auto Scalper that resulted in a 20 pip loss (this was outside of normal trading time) so I immediately closed it down.
Reading the FAP Turbo forum there are many posts where people have experienced losses, especially on the GBPCHF. Some people have lost a sizeable amount of their bank and are smarting from the experience.
Having said all that I believe there is some evidence that the big losers were using settings that were less than conservative so there is a case for reaping what you sow to some extent.
A very useful site that will provide detail trades on both FXDD and FX Pro live accounts is FapTurbo Review. When you sign up with your email they will send you a weekly commentary on how they fared during the week. They also show the settings they use to help newcomers.
I will watch how things go next week to decide whether I will start up either FAP Turbo or Forex Auto Scalper for trading. As said on many comments I’ve seen being out of the market in volatile times is just as important an investment strategy as being in it when profits are being made.
Again, many people seem to expect these tools to provide instant profits of a sizeable nature. I think this is the wrong approach. Time is on your side because the market is always there and as long as you use compounding sensibly the long term is a better bet for overall profitability.
