Wednesday, August 19, 2009

The FAP Turbo Forex Trading Robot - Is It Worth It?

By Michael Torc

Many people are starting to get into currency trading to bring in a second income. As more people are making a lot of money with online currency trading, there are more people searching for information on trading technologies that run on auto pilot. There has been a lot of hype about the currency trading market and lots of people have started to trade currency as a home based business.

There are many a Forex trading robot out there. These allow you to trade in the Forex market automatically, without "getting your hands dirty." One of the newest and most sophisticated Forex trading robots on the market is FAP Turbo robot. The purpose of this article is to give a fair review on this product.

FAP Turbo is relatively new to the currency trading world and has been doing very well. Initially, the Forex trading robot was tested with real live trading accounts over a period of months before they released it to the public. Its creators are Marcus Leary and his team of software experts. They were working on the project for over 5 years prior to its release.

Leary's team consists of three IT students (Mike, Steve and Ulrice). Using Marcus Leary's general guidance, they developed this Forex trading robot, an all new innovation. The FAP Turbo robot works with MetaTrader 4, a trading platform.

FAP Turbo works very well for traders as a result of its built-in stop loss function. In other words, your losses won't exceed a certain threshold so that you won't experience financial ruin. This safety feature allows your losses to remain small so that your losses will be minimized at any given time. This makes this particular Forex trading robot considerably safer for traders than other similar types of systems.

The Forex trading robot uses two strategies combined with each other to create one powerful result. These strategies include the short-term scalping strategy and the long-term advanced FAP strategy. You can configure the software very easily, too. Just download and install the software and start trading. It's really that simple. You can start your trades with just $50. Then, just sit back and allow the FAP Turbo Forex trading robot do all the hard work for you while your earnings steadily increase.

Over the last nine years, it won 95% of its trades and only lost on 5%. In fact, you can go to the website and watch it perform with a Live Proof trading account for proof. This system can double your account amounts in a single month. During its history, FAP Turbo robot has only lost 0.35% at maximum in any account!

FAP Turbo comes with a series of training tutorials to help you setup the system and all your screens. The videos are about 5 minutes in length and all are professionally done. Now that you have the system all setup your Forex trading robot will automatically place trades for you. The system is designed only to run when you are online. Forex is a 24/5 activity so your computer must be online in order for you to trade. Luckily, Forex offers a hosting service to host your robot on a server so as to not have your computer tied up. Expert brokers will monitor the trades and open orders for you when needed.

In order to learn all the screens and features of the FAP software, takes time. I recommend doing a demo account as a start with the system. You will be able to run the program with virtual money without risking real cash. Then once you have the results that you want on the demo account you can then go live. Doing so, is absolutely necessary. - 23309

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