FAP Turbo

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Thursday, August 13, 2009

FABTurbo Review

By Frank M. Rivera

The forex world has recently been rocked by a well-known expert advisor by the name of FAPTurbo. Thousands of traders have purchased the software and put it on their accounts in hopes of making consistent profits. While it is extremely popular, is it really worth all the hype? Let's take a look at the phenomenon called FAPTurbo.

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.

So does this forex robot actually work? The easy answer is yes, it works fine. However, if you believe you're going to buy a piece of software and immediately double your trading balance every month, then you'll be disappointed. It's impossible for any robot to predict the market accurately, no matter how good it is. You will find that the FAPTurbo can increase your profitability the same way the more expensive comparison products can though.

So how does the FAPTurbo robot make you money? The major aspect of this software is as a scalper, but there is the option to use it as a long term trading strategy if you choose. The software is able to trade across four different currency pairs. These are USD/CAD, EUR/GBP, GBP/CHF and EUR/CHF.

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.

FAPTurbo is a good robot that does offer far more value for the price paid than many of its competitors. It is possible to make very healthy profits in a relatively short time if you remain patient and take some time to learn how to get the best use out of your robot. - 23218

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