Forex Trading Guide for Beginners

 

FAP Turbo Review


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Reviewer: John Chapman
Rating:   
FAP Turbo 4.5 star rating
Website Reviewed: FAP Turbo


Try FAP Turbo - Click HereFAP Turbo is an automated expert advisor 'EA', more commonly known as a Forex robot.  Fap Turbo is the brainchild of IT whiz kid Steve Carletti and a group of Forex and IT professionals.  Their Fap Turbo robot was developed after they, according to their website, tried and tested most of the existing Forex robots and were disappointed with the results.  The group then decided to contact another Forex Guru, Marcus B. Leary, to develop a joint venture project to create the best and most profitable Forex robot ever made.  That's their story at least.  Did they succeed?  Is Fap Turbo really this amazing and profitable Forex robot?

Read on, in this review we are going to put Fap Turbo to the test.

Click Here to Listen to FAP Turbo Testimonials

First the basics, Fap Turbo is an 'EA' Forex Robot that trades on the MetaTrader 4 platform.  MT4 is the most common and probably the best trading platform for Forex brokers and most Forex robots trade on this platform as well, so nothing new here.  A Forex robot is essentially just a piece of calculation software, though not your run of the mill calculator.  Forex robots used to be the property of big banks and hedge funds only, but with the rapid growth in cable/broadband and processing power of home computers, now small investors can finally get in on the fun. 

Forex robots make money by trading automatically, 24/7.  The reason that they are successful is because they can analyze data and historical data thousands of times faster than the most experienced human trader.  Basically they can find a profitable pattern and trade on it, before you would otherwise even consider doing so.  This feature, combined with the fact that computers never get emotional and trade on greed, is the secret to the success of modern Forex robots.

I recently had the good luck to test the Fap Turbo robot.  I am a rather conservative person and even more so when it comes to my business and livelihood, which is Forex trading, I tend to stick to my own systems that I have developed over a decade of Forex trading.  There is always a lot of hype surrounding Forex robots, so I usually go into these tests with a sound portion of skepticism.  I am also very focused on how easy to use these robots are.  Many of them claim to be 'turnkey', that is' push a button and go' robots, but most require at least some tweaking to work optimally.

Fap Turbo is a truly automated Forex robot that can and will trade entirely on it's own without you having to lift a finger AND more importantly, does so PROFITABLY more often than not, which I will show later in this review.

But first, let's have a look at what sets Fap Turbo apart from its competitors.

If you have read just one sales letter for a Forex robot then I am sure you have heard about 'back testing'.  Back testing is the process of testing a Forex robot on historical data to determine if it makes money or not.  Most robots make money trading on historical data, simply because the programmers of the robot continue to tweak the code until it does so, but that is in no way a guarantee for real future profits.  Fap Turbo though, does not make any claims on back testing alone, but shows proof of real time trading profits.

Fap Turbo has a history of making its users profit as you can tell from the customer testimonials on their website.  Fap Turbo has been around for quite a while and as far as I can tell, there are a lot of satisfied customers out there.

Fap Turbo has received some criticism about being too advanced for beginners to use.  I don't agree with this, but I do recognize that you will get better results if you take some time to read all the material in their VIP section and watch the tutorial videos.  I think the complexity of this robot is what sets it apart from the rest.  If you are new to Forex trading, I suggest you take your time and ask questions on the forum.  It might be a good idea to start with a demo account as well.  I also suggest you go with the forex auto scalper strategy and not the long term position strategy.  I have found the scalping system to be very profitable straight out of the box, while the long term strategy requires a fair bit of tweaking in my opinion.

OK, enough of the facts, let us get down to business! Did the Fap Turbo robot actually deliver? Did I make money with it?

Click Here to Listen to FAP Turbo Testimonials

I was cautious in the beginning and chose only to deposit USD 1000 as a test.  I did this for two reasons, I didn't want to risk too much on an unknown and I wanted to see if Fap Turbo was able to make money even with smaller deposits.

The results after 1 month of 24/7 trading..?  2355 USD.  So Fap Turbo more than doubled my deposit after a month of trading.  I have to say, I have been very impressed with this robot and I am more than a little jealous of the guys that have created this great bot!

Seriously though, I have had good results with Fap Turbo, which is really not surprising, because so have many other traders. I suggest you check out their site and make up your own mind!

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Note: Forex Trading is a very risky form of online investment and is not suitable for many traders. Please read the investment disclaimer on Forex trading.  All information on this website is for informational purposes only. The use of this website constitutes acceptance of our terms and investment disclaimer.