Is Fap Turbo a Scam?

FAP Turbo, which was launched in November of 2008 created a lot of excitement. In fact, it sold thousands of copies the first day it launched. So what exactly is FAP Turbo? It is the most popular and most sophisticated forex robot ever created. What it does is automates the process of making forex trades. This eliminates the guesswork associated with making trades and ensures that you make money each month. At this point you are probably wondering one thing, does this actually work? I am happy to report that after extensive testing this robot does indeed work, if you use it correctly.

The primary reason for the foreign exchange market is to encourage international trade and investment. The forex market helps business convert one currency to another currency; it’s like a translator for money. For instance, if a company in the US wanted to import goods from a European company then the forex market would come into play.

Forex Trading Robots – What Makes FAP Turbo Different? So what makes FAP Turbo different from all the other forex robots? The creators insisted on using live trading in order to prove the effectiveness of their program. Pretty much all other robots are only validated by using back testing reports, which can easily be faked. The FAP Turbo creators have published their very own live accounts directly on their homepage so anyone can see.

Secondly, FAP Turbo solves problems that other forex robot software fails to address. I noticed that other forex software uses trading strategies that are pretty dangerous and they also do not use stop losses. These other robots use strategies such as the flawed Martingale system (one wrong trade and you lose all your money). The FAP Turbo robot involves a lot less risk because it utilizes a stop loss strategy.

Short-Term Trading Strategy The short-term strategy uses a scalping technique that trades the 4 major currencies in pairs every 15 minutes. This technique waits for the best trades and only makes a maximum of 1 to 5 trades each day, using conservative money management, and has many filters to ensure only the optimal trades are taken.

Long-Term Trading Strategy The long-term strategy is safe and profitable because of its fixed stop loss that limits drawdowns. Bigger profits are taken from trades that are winners and many indicators and filters are used to avoid trading during times in the day that are not safe.

Training & Documentation The documentation is simple enough for the beginner and advanced enough for the expert. All of the settings are extensively explained in the documentation and there are even videos that are in the members area that explain how to setup the forex automatic trading robots on your computer.

Did FAP Turbo Make Me Money? I have been able to see success in the long and short term. The short-term strategy scalping technique is very effective, it rarely makes a losing trade. Since I am just as (or even more skeptical) than you are I wanted to test this robot with a practice account for two weeks before using my own money. I placed $2000 (not real money) in my demo account and two weeks later the total was $3956. I had a net profit of +1954 pips, +1568 pips from the long-term strategy and +386 pips from the short-term strategy. I was excited (and surprised) to see these results. I recorded a 92% success rate. Out of 91 total trades I only had 7 losing trades.

The next two weeks I put in $500 of my own funds. Two weeks later I had $983 in the account. Out of a total of 73 trades I only had 5 losing trades, a 93% success rate. I am really excited to see what the future will bring with FAP Turbo. As I get more comfortable with the robot I will continue to use my profits to increase my investments.

To be honest, I was really reluctant to have a go at this new trading tool called Forex FapTurbo. Nevertheless, the live testing results that the owners demonstrate on program’s main site made me very intrigued to learn more about the software. At the end, I made up my mind to accept the money back guarantee of the robot and ordered it. After giving FAP Turbo a try for many days now, I would like to review some of the mechanics of this software and the test results achieved with it.

It is actually a special program that can be installed into the Forex trading platform Metatrader which you can get for free. This kind of software robot is also known as an Expert Advisor in the foreign exchange business. Primarily, the robot will trade by itself since it has a set of internally programmed rules that dictate the way it makes trades. There are several automatic robots that have proven to be very profitable, though you should also realize that more than 80% of robots are a piece of crap when traded on a live account, this is the reason you should research carefully before making any purchases.

This automated software is written by 3 IT specialists who are also knowledgeable in currency trading. It is a much more useful version of the previous most powerful robot Forex Autopilot created by Marcus Leary. The new FAPTurbo uses much more lower risk controls.

During a week of testing on my demo account, the program made 28 trades and 27 of these trades ended up in profit (96% accuracy rate). I used a not significant capital of $1,000 and it ended the week on $1,175. Right away I started using the software to one of real account and today it is generating income similar to that of my demonstration account.

FAP Turbo has not been around for several years, and yet there are already plenty of reviews that you can find in the World Wide Web. Some are written by professional forex experts, others by beginners. You can also find a review of FAP Turbo by skeptics.

Indeed, FAP Turbo reviews come in all shapes and sizes. Unfortunately, not all of them are true. Some were created to discredit what could be the most effective forex product in the market these days.

Today, you will get to read a sincere review of FAP Turbo.

The Good Points

Everything will always have two sides of the coin. You can’t expect something to be perfect, only the best. FAP Turbo belongs to the latter category. There are a lot of things to love about this product. First, this is a robot that you can easily install into your PC. Since it runs through the use of a script, you can practically leave this alone and do your own stuff. It trades for you, so even if you’re not doing anything at all, you are earning something out of your investment.

Now, this sounds too good to be true, as forex requires effort and techniques. Based on a research, Turbo has a success rate of 95 percent. It also offers back tests of real accounts-there are no simulations. This will help you clearly see that the product does work. You can also update the results every 15 minutes.

Second, FAP Turbo has an excellent support system to its members. Besides the message board and the FAQ section, it also offers countless video tutorials. Each video lasts for only 5 to 7 minutes to make sure that you can definitely absorb all information. They are also divided into different chapters and are properly labeled. Most of all, since they are stored in your profile you can always watch them anytime.

Third, Turbo gives you an opportunity to earn more. Its affiliate program guarantees you conversion rate as high as 30 percent. You can also earn if you sign up in its brokerage account called MetaTrader. The bonus can be as much as $500.

The Bad Point

Because the product is so good, it’s very hard to pinpoint its defect. But since we’re trying to come up with a real review of FAP Turbo, it’s very important for you to know its possible flaw. It will not run unless you have an Internet connection and your computer is on. Nevertheless, this already has a solution. The VPS server allows remote access of your account. Thus, even if your computer is not running, the robot will still be able to do its job.