Sunday, February 8, 2009

FAP Turbo - Fact or Fiction?

By Dwayne Huff

FAP Turbo is really just an abbreviation of a new software program known as "Forex Auto Pilot Turbo" that traders can download. While most software programmers tend to speak highly of the programs they develop, FAP, which enhances one's Forex Trading ability, is being spoken very highly of, not only by the programmers themselves, but also by those who are already using it.

Those who purchase the FAP software will appreciate the clean cut approach in that you simply get what you pay for, rather that a multitude of sales pitches promising overnight wealth. We've all be heard such fables and that's exactly what FAP has avoided by supplying nothing apart from the software together with a 64 page manual which traders are advised to read through thoroughly. Sure you may not be the kind of person who enjoys reading piles of technical pages but then again, you never know what you may learn in the process.

There are some claims from FAP Turbo such as turning $370.00 into $7300.00 in two months and $2500.00 into $8700.00 in 45 days and $5100.00 into $25,100 in 30 days. As usually results are not typical and without an asterisk disclaiming them, its still worth a look into these results. If you really want to dig deep, you will see that those accounts were highly traded and at their maximum, there is nothing wrong with listing your successes.

With any trading, via software or otherwise its always best to have a broker who has the same trading parameters that you do. If you set the robot to trade higher than you are used to then it will proceed as if you want it to trade at a high risk. Its best to know where you are as a trader before setting the FAP Turbo software guidelines. You can lose all the money you have invested if you are unfamiliar with the software, which is always a risk you take.

One thing all traders need to be aware of is that when you trade at times when markets are experiencing much uncertainty, not all trades will be equally impressive. It's during these volatile periods that one should ideally set the FAP "Lot Risk Reductor" accordingly in order to minimize potential risk. Of course FAP Turbo will still continue trading for you but at least any possible losses will be minimal.

Realistically speaking, anyone who is wanting to enjoy the freedom one can experience by having their trading on auto pilot, needs to accept the fact that mistakes can and do happen. Likewise, it would be unrealistic to expect everyday to be the ultimate trading experience and really, you'd be well advised to make use of the online FAP Turbo forums, where you can have discussions with other like minded people who are also using the same program. It's an undeniable fact that such forums provide the most insight into a product, even more so that customer feedback and you'll very likely find that you stand a better chance of learning new trade secrets at the same time.

If you're just starting out or you're cautious by nature, then of course you can't expect miraculous profits but as the saying goes, "Rome wasn't built in a day" and everybody has to start somewhere. Remember, those who are raking in phenomenal profits are for the most part, high risk traders with plenty of past trading experience. Rather than jump in at the deep end and loose your money, proceed slowly and allow yourself the time it takes in order to understand the software.

Once you've downloaded the FAP Turbo software and you've read through the 64 page manual, you can go ahead and set the parameters, effectively putting an end to unnecessary guesswork. - 21151

About the Author:

No comments:

Post a Comment