The FAP Turbo Forex Robot is without a doubt the most popular forex trading robot on the market. Since its relatively recent release it has gained huge popularity and has caused controversy with some brokers because of some of the methodologies employed. The FAP Turbo uses its own proprietary strategy but it is widely accepted that it trades on price action and looks for short term market moves and a relatively small profit per trade. As any experienced Forex Robot trader will tell you, whether you actually make a profit or not at the end of the day will depend largely on the settings you use. Often these settings have been optimized over a period of months and "tuned" according to the market conditions and the particular currency pairs in use.
Choosing the right broker is also of paramount importance. Despite what you might read, not all forex brokers are the same. Brokers may well hold the key to whether or not your trading is profitable or not. They can and do manipulate the price and data feed and this is how they can effect the operation of your robot. Actual first hand and volumes of anecdotal evidence has told me that these types of broker "tricks" are widespread and far reaching. You need to choose which broker you trade with wisely if you wish to become a profitable trader.
Whilst using one broker with the same robot make a profit, I would often see the same robot on another broker lose money of make significantly less profit. The reality is that this is just a fact of life with forex trading. Many brokers will disallow the use of FAP Turbo or will simply put you on the "slip-o-matic" machine which is a method often employed in the retail forex world. Yes, thats right folks you heard it from me, not all forex brokers are there to help you make money!
That is all good and well but how do you know which broker to choose, or which ones to avoid? There is the old trial and error method that will help you work out eventually which broker to use, if you don't send yourself broke in the meantime. Or alternatively you can check around the myriad of forex forums for some guidance on which brokers to use. Just keep in mind that everyone seems to have an opinion on this subject of what constitutes a fair and honest broker and many also may have a commercial interest in referring you to a particular broker. Keep these factors in mind when you choose a forex broker.
Getting the robot's settings right also poses a challenge. Changes to the robot's numerous variables can also radically change the profitability of the robot. Although demo trading can assist in the process of "tuning" the robot, often the results can vary so much between a demo and a real account that the results in a demo account can be misleading. Often with robots small differences with price feeds can be the difference between a very profitable robot and one that hemorrhages money.
For this and other reasons it is best to take the advice of an expert like FAP Turbo Expert Guide to get the right kind of advice on the setup of the FAP Turbo as well as the choice of broker. The guide was written by Rob Casey who has a degree in applied physics and has been developing automated trading systems for both personal use and commercial use for over 8 years. He spills his guts on the best methods and settings to use with your FAP Turbo to make sure you get the most profitable settings and use the brokers who are best suited to the use of the FAP Turbo Robot, this guide will not only help you make more money it will save you months of stress. So if you already have the FAP Turbo EA or are considering buying it, you need to get this guide. It will literally pay for itself in days.
Another thing to consider when using the FAP Turbo is the recent events with NFA regulations being introduced with U.S. based brokers which has had a dramatic effect on the face of retail forex trading, hence it is essential to stay up with the latest information in regards to the best brokers to use as well as the best settings to use with those specific brokers. So the best idea is to get wise and use the FAP Turbo guide. - 32177
Choosing the right broker is also of paramount importance. Despite what you might read, not all forex brokers are the same. Brokers may well hold the key to whether or not your trading is profitable or not. They can and do manipulate the price and data feed and this is how they can effect the operation of your robot. Actual first hand and volumes of anecdotal evidence has told me that these types of broker "tricks" are widespread and far reaching. You need to choose which broker you trade with wisely if you wish to become a profitable trader.
Whilst using one broker with the same robot make a profit, I would often see the same robot on another broker lose money of make significantly less profit. The reality is that this is just a fact of life with forex trading. Many brokers will disallow the use of FAP Turbo or will simply put you on the "slip-o-matic" machine which is a method often employed in the retail forex world. Yes, thats right folks you heard it from me, not all forex brokers are there to help you make money!
That is all good and well but how do you know which broker to choose, or which ones to avoid? There is the old trial and error method that will help you work out eventually which broker to use, if you don't send yourself broke in the meantime. Or alternatively you can check around the myriad of forex forums for some guidance on which brokers to use. Just keep in mind that everyone seems to have an opinion on this subject of what constitutes a fair and honest broker and many also may have a commercial interest in referring you to a particular broker. Keep these factors in mind when you choose a forex broker.
Getting the robot's settings right also poses a challenge. Changes to the robot's numerous variables can also radically change the profitability of the robot. Although demo trading can assist in the process of "tuning" the robot, often the results can vary so much between a demo and a real account that the results in a demo account can be misleading. Often with robots small differences with price feeds can be the difference between a very profitable robot and one that hemorrhages money.
For this and other reasons it is best to take the advice of an expert like FAP Turbo Expert Guide to get the right kind of advice on the setup of the FAP Turbo as well as the choice of broker. The guide was written by Rob Casey who has a degree in applied physics and has been developing automated trading systems for both personal use and commercial use for over 8 years. He spills his guts on the best methods and settings to use with your FAP Turbo to make sure you get the most profitable settings and use the brokers who are best suited to the use of the FAP Turbo Robot, this guide will not only help you make more money it will save you months of stress. So if you already have the FAP Turbo EA or are considering buying it, you need to get this guide. It will literally pay for itself in days.
Another thing to consider when using the FAP Turbo is the recent events with NFA regulations being introduced with U.S. based brokers which has had a dramatic effect on the face of retail forex trading, hence it is essential to stay up with the latest information in regards to the best brokers to use as well as the best settings to use with those specific brokers. So the best idea is to get wise and use the FAP Turbo guide. - 32177
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