Is Fap Turbo any good for complete newbies?
I have just started learning about Forex and haven’t traded live yet so just wanted to know if Fap Turbo would be useful for me or a complete waste of time until I know what I am doing. Is there much technical inputting for this system to get it to work and does the software help you out with suggestions etc. Thanks
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FAP Turbo is a new forex trading robot software. No doubt it is an automated one. With a very low investment of $50, you can try FAP Turbo. As the author claims, nodoubt it is best suited for newbies. However, for advanced users, I would say to avoid it.
But before indulging into FOREX. learn atleast the basic things about it.
Hi there,
It is good to learn basic before choosing where to go, If you learn the basic after that you might not even choose Fap Turbo =)
In Forex Trading, there’s alot of ways to trade in foreign exchange market.
Let me show you some example:
Using technical analyzes on moving average, pivot point, Fibonacci, trending, candle sticks and etc…
Using Fundamental like : economic news, us stock market, gold price, commodity of the market.
Using Forex Options like :
An option does not give you the currency, it gives you control over it. You pay for the contract which gives you the right to purchase this anytime during a predetermined period of time and at a predetermined price as well; both cannot be changed over the course of the contract. The buyer of the contract can make a profit if the currency’s value eventually goes up. The buyer could then execute his rights with the contract, purchase the goods at a lower price which was predetermined and be able to sell it at its currently higher price.
Don’t mean to be rude, but if feel that you are "newbie," why not spend some time to learn the basics of forex. Put in the work and you won’t fall for forex gimmicks floating around the net.
Now, about FAP Turbo.
I will claim that it is just "ok" for newbies. I have seen other systems that were harder to implement. But as with any software, you will run into technical challenges that may limit your profits.
Once you are no longer a forex newbie, you might see some potential in fap turbo. Just don’t trust everything you see. I purchased this software, and the backtests I ran are "of course" beautiful. That’s how all the expensive forex EAs are packaged. It gives me hope, but I can’t put my faith in the software just yet.
I like the prospects and plan to conduct more tests on my own. I encourage you to do the same.
I will try to put my test results on my website. It takes some time to generate each report, so be patient. I’m sure my test results and settings will help save you some time.
Remember, research front will save you hundreds… no, thousands of dollars.