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Wednesday, August 5, 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?

The first thing you should know is that the robot costs $149. For an expert advisor that can bring you consistent profits on the forex market, this is a very reasonable price. Other robots on the market charge many times this amount for something that doesn't work quite as good. The low price is part of the reason that people think it might be a scam before they buy into it. They simply can't believe that it's so cheap.

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.

While being limited to just these few major currencies may be limiting for a more experienced trader, there is more than enough profit to be made by simply trading these simple currency pairings. Using the pricing indicators and strategic tactics offered by the software, each of these pairs can generate healthy profits.

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.

It's worth keeping in mind that no trading robot is able to perfectly predict the market every time. All robots will incur losses from time to time, so don't feel as though this is a software fault. It's a normal part of the risk associated with trading. However, there is also a large potential for regular profits across one or two trades per currency pairing during your trading sessions each day.

FAPTurbo is a good quality robot that represents good quality for money. For the price tag on the software, you can realistically expect to increase your likelihood of turning a profit with each trade. Have a little patience and take some time to work with your robot. When you're more familiar with the way it works, you'll be pleased with your purchase. - 23208

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