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Thursday, July 9, 2009

FAPTurbo Review Forex Robot

By Frank M. Rivera

When it comes to profiting on the forex market, making good use out of an expert advisor can seriously increase your profitability. One of the better-value robots for money is FAPTurbo. This incredibly popular trading software is easy to add to your trading account and the interface is very user-friendly. But is the FAPTurbo worth all the marketing hype on the internet lately?

Before we look a little closer at how the FAPTurbo works, we'll begin with the price tag. At $149 this robot is one of the more competitively priced forex software programs on the market. The lower price often makes a lot of traders shy away from this robot for fear that it may not be as good.

Does the robot actually work? In a word...yes. It works. However, if you're expecting to double your account every single month, then you're probably going to be disappointed. However, for $149, if you could get a robot that would double your account in a year, wouldn't you be ecstatic? I think this is a very reasonable accomplishment for FAPTurbo. In fact, you could probably realistically expect to double your account every 3 or 4 months if your settings are right and you have a good broker.

How does this forex robot make profits? FAPTurbo works best on a scalping level, although it does also have the capacity to act as a longer term trading strategy. With this scalping trading software, you're able to trade and cross-trade four currency pairs. These are the EUR/GBP, EUR/CHF, GBP/CHF, AND USD/CAD.

All of the pairs perform differently over time. At first, the EUR/GBP was clearly the bread and butter of this robot. Over the last few months, the EUR/CHF pair has performed better. Over time, all of the pairs can be profitable.

It seems the robot is set to trade throughout the pre-Asian trading session, when it seems that the market is very quiet. This means the choices of the major pairings enter into the ideal ranges for quick scalping. Due to the quietness of the market, it may be worth keeping your trades open a little longer than the usual few minutes. Perhaps even overnight if the conditions permit.

If you're expecting a perfect trading robot, you're probably going to be disappointed. This robot will incur some losses just like every single robot out there. However, the great thing about this robot is that it can make them up pretty quickly. You'll get quite a few trades with this robot. On average you'll probably see one or two trades per pair that you trade every day. Sometimes more, sometimes less depending on your spread.

Overall, FAPTurbo is a great robot that over-delivers for the price that you pay. You can realistically expect to double your account with this robot as long as you are patient. Just don't expect to come in and become a millionaire overnight with this EA. - 23204

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