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Sunday, August 23, 2009

FAP Turbo - Another Waste Of Money And Time?

By Michael Torc

The Forex software sub industry has seen an explosive growth in recent years. There are a lot of Forex trading robots on the market. They are designed to diagnose market conditions and carry out trades robotically without human interference. Automated trading robots eliminate the emotional element. Greed and anxiety cause even experienced traders to make wrong decisions.

All robot manufacturers claim that their Forex trading robots will make you millions. When you download their product and test it on a demo account, it works like magic. You always see great results in back tests. But when you go ahead and let it operate with real money, you get wiped out in a couple of days.

The trouble with many a Forex trading robot is that they use shoddy algorithms. They can only respond to patterns that have occurred in the past. But are not designed to handle abrupt, unique or unpredictable conditions. When an unforeseen market even occurs, they become unstable and stop functioning. Badly designed robots like this have cost Forex traders losses in the Tens of Thousands. Naturally, there is a lot of bitterness about Forex trading robots.

FAP Turbo has adaptive algorithms and uses artificial intelligence.

Unlike most robots, FAP Turbo refreshes its results every 15 minutes. Thus, FAP Turbo gives you almost real-time trading reports of its performance.

One other great feature of this product is that it can work with any size account. It conducts trades without human intervention and its expert adviser runs on a metal trader 4 platform. The advantages of the Some of FAP Turbo's capabilities are:

1) Downloading, installing and setting up the product is a piece of cake. 2) It has a winning rate of 95.9%. 3) The startup investment is as low as $50. 4) Unlike most robots that have a draw down of 10% to 20%, FAP Turbo's is only 0.35%. 5) The robot can be hosted on a server meaning that your computer does not have to be turned on 24/7 and tied up. 6) Customer support is excellent. 7) The video tutorials are concise, professional and each takes about 5 minutes to watch. 8) The software screens and features are intuitive and user friendly. 9) FAP Turbo requires little or no supervision.

Customers have lifetime access to the membership area. That is the area where you can find tools, videos and interact with other users. FAP Turbo is one of a small number of winners among hundreds of Forex trading robots out there. This one is for real and is not pure hype.

Currency trading always involves risk. Practice on a demo account is always recommended before you trade in the Forex. If you are an unsatisfied customer you can return the product within 60 days and get a full refund.

I have been using this system since the end of 2008. Like most traders, I experimented with a demo account and then moved to live trading. The results have been consistently good. - 23167

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