My Money Blog

Faptubo. a scam or not a scam?

Posted on 28. Apr, 2009 by Casper in FAPturbo, Forex, Making Money Online, Program Reviews

FAPturbo; a scam or not a scam? This article is a review of the FAPturbo forex  robot which will reveal if fapturbo is a scam or not.

The last couple of years Forex Robots have been more and more popular. Although many of these has delivered mixed results, it seems like FAPturbo has become very popular. FAPturbo only requires an online computer (unless VPS is used read more in chapter eight). It does sound a little to easy right? Well, read on and see what the inside of the membersarea is about…

The membersarea contains 9 videos for setting up your Fapturbo Robot. The videos are quit clear and it doesn’t take more than 10 – 15 minutes to set it all up and you are ready to go.

Choosing a broker is actually the most “difficult” part. As being new to forex, I had no clue what broker to choose and why. All I knew was it had to be a broker using the metatrader4 platform.

A little advice: Go to the membersforum, and see what the other members are using. Or read my previous post on what broker I chose and why: http://www.mymoneyblog.info/2009/04/fapturbo-best-broker/

The FAPturbo Robot uses the metatrader4 platform to run. It is a small program that you install and it shows you realtime forex data. This is where all your trades wins (and hopefully small) losses will be gained. The Video is very easy to follow and everyone should be able to set this up in no-time.

This Video shows how to install the FAPturbo Robot into the metatrader4 platform. It’s a small executable (.exe) file that you simply install into your metatrader4 directory. Fast and simple and the video will show every step. Even a child can do this.

This video is worth watching more than once. All though it is not really complicated, the settings are crucial in order for FAPturbo to work. Wrong settings will most likely stop FAPturbo from making any trades.

When done setting up and fapturbo is activated you move on to learn about the two types of forex strategy the FAPturbo Robot is using.

This is the primary strategy to use. In fact most FAPturbo users do only use this strategy. It is basically a quick buy/sell strategy for four of the common forex pairs. Using the Scalper strategy usually makes FAPturbo make around 5-10 trades a day.

The video is just as good as the others and explains the different settings that can be used with the FAPturbo scalper strategy. Most of the settings are by default what you need, so unless you are a rich investor or already familiar with forex trading, you don’t really need to change any of these settings.

This video covers the second strategy that you can enable with the FAPturbo robot. It is as simple as using the scalper strategi, but it seems that this is a little more “risky”. Most of the FAPturboforum members seem to not use this stretagy, unless you have a lot of money on your forex account.

As the title says this video will tell you the general stuff about forex trading. I strongly suggest you watch these as it will make your trading experience much smoother when you understand what “pip”, “Lot siz” ,”Margin Calls” and so on means. You do not have to be an expert as FAPturbo already “knows” these things, but it will help you understand your trades.

As mentioned in the start of the review, the FAPturbo can be installed on a VPS Host. As this video explains how it is done, I will try to explain what this is and why you might want to chose to do this:

FAPturbo can only trade when your computer is on and online. This means you HAVE to have your computer on when FAPturbo is trading, or else it cannot open new positions and even worse: it cannot close open positions! This means that if FAPturbo has opened a position and your computer goes offline (power failure, internet connection breaks) FAPturbo cannot close the position at the right time, which might cause a big lose.

To avoid this problem you can have your FAPturbo hosted on a remote host, thus ensuring you that FAPturbo will alwasy be online, and you do not have to keep your PC running. The cost is of this is $70 a month.

Personally, I will recommend this if you are trading with a big investment. I have not had any problems running it from my laptop on a WiFi connection, but using VPS is totally optional.

A decent video of the metatrader4 platforms functions. It is a little obsolete as most of the settings has already been covered in the other videos when setting up the FAPturbo Robot.

The Download Area is just what it says. Download your FAPturbo intall package and the FAPturbo guide (pdf format).

It does however consists of five steps.: Brokerage And Trading Setup, Fap Turbo Easy Install Package, Fap Turbo Configuration & Setup,Fap Turbo Activation and Running Fap Turbo 24/7 via VPS.

These section also has some video tutorials to help you get it all right.

The FAPturbo does what it claims. After running FAPturbo for several months it has become clear that this forex robot is real AND will earn you money. Just be carefull you set everthing up as shown and you are on your way to make some decent money in the forex arena.

Also, you can setup unlimited test accounts to try out the FAPturbo robots performance on the real forex market in real-time. Test it for a period to see the results yourself before you invest any money of your own.
(Remmember you have a 60 day moneyback guarantee through clickbank, no questions asked )

Remmember that this is an investment with risks! The FAPturbo is great at testing but as the rest of us it cannot predict suddenly events that might inflict the forex market. Do not invest more than you can afford!

Click here to read more about the FAPturbo Robot, and read some testimonials

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Tags: FAPturbo, fapturbo scam, Forex, forex robot, Program Review, scam