Sunday, February 8, 2009

FAP Turbo - Is it for Real or Simply Over-Rated?

By Dwayne Huff

FAP Turbo, which is short for Forex Auto Pilot Turbo, is a downloadable software program that helps you maximize your trading activity with Forex trading. If you have done any research on this product then you know that the best information comes from those who are using the product and not just from the engineers, they are trying to sell a product.

Of course we've all heard stories regarding instant wealth, just as we all know that no such thing exists in the real world but fortunately, the success of FAP Turbo is not based on such dubious claims. Instead of these misleading claims, those who buy FAP get the software itself, together with a comprehensive manual presented in PDF format consisting of 64 pages. Admittedly, very few people enjoy reading through pages upon pages of financial mumble jumble but in this case, you really are advised to read through the manual.

Yes, FAP Turbo does make certain claims. For example, it says that it's possible to change $370 into $7300. Likewise, it also claims that one can turn $2500 into as much as $8700, but before we get over hasty in passing judgment against such claims being made, they also make it known that these figures are essentially the optimum results achieved, and after all, who can blame them for making these success stories known to the public.

Whether you trade using special software or not, it's always advisable to have a broker and one who also has the same trading parameters as you do. Of course, the last thing you need is for your trading robot to get involved with high risk trading and this can easily happen if you set it up to trade higher than you're actually accustomed to. It can't be stressed enough just how important this is, as far as setting up your FAP software is concerned. Likewise, you need to ensure you're absolutely familiar with the software because if you're not, there will always be the risk of loosing everything.

The built in Lot Risk Reductor is a great feature which one can set accordingly during times when the markets are considered to be risky, or at best, volatile. While adjusting these settings will certainly lower your risk factor substantially, you can still allow FAP Turbo to continue trading, safe in the knowledge that any resultant losses will at least 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.

Knowing which type of trader you are will help you use FAP Turbo with confidence, if you are a conservative trader then your profits wont be as high but thats okay, we all have to start somewhere. High risk traders have been doing this for a while and understand the market, learning from them will give you valuable information. Be patient while you figure the software out and give yourself a couple of weeks to understand how it can work for you.

Your first priority of course is to determine where you stand and once you've done that, and you've also set your FAP Turbo, you can sit back and enjoy trading without having to guess your way around. - 21151

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