Hi Guys / Girls
I went to read some posts within the forum of Fap Turbo, were I already said that it is very active. I could notice that most people are loosing money especially with the new release of Fap Turbo 3.6. I have installed this version and currently I have 2 open trades at a loss of around $600.
There are also a number of discussions going on Brokers. Selecting the right broker is the most important factor for Forex Trading / Fap Turbo. I couldn’t find an answer to a very simple question: Who is the BEST Broker? There are different ideas of course, and different opinions. There are post that talk about experiences were real money have not yet been deposited and other could not withdraw the money. All this trouble is definitly not for me.
Furthermore, people are being asked not to panic since the market is not stable and in the long term the software is profitable. My question is: How much long term? After the 60 days trial so you won’t have the right to claim the money? In the sales letter they also state that Fap Turbo was successful even during the turmoil currently going on, so why now many people are loosing money?
We see during this week what is going to happen, but I guess that the challenge is not going to last 55 days but will stop before. I bet many people will be rushing to claim there money back – like me 
Author: Fap Turbo Scam
Tags: Best Broker, Forex Trading, Open Trades, Real Money
January 22nd, 2009 at 6:02 am
I bought this robot back in Dec/08 and went on live trading on Jan 5. Like everyone that bought into the hype I too thought I could turn my $700 investment into thousands in a couple of weeks. At first the robot did many small 5-10 dollar gains (5-10pips). It makes many of these types of gains everyday. However, what surprised me was the size of the losses – they were from $50 to $100 each time it lost (50-100 pips). It didn’t take many losses to wipe out a week or two of gains. By the third week on Jan 19th I had a huge loss of over $300 losing roughly 40% of my account in a single day. And this was at a moderate risk setting. Many that set the robot at higher risk levels and lost over 50%. My $700 beginning balance has now turned into $389. The low drawdowns claimed by the developers of this robot is pure bunk! To achieve anywhere near the results advertised on their webpage one has to use the highest settings and risk wiping out your entire account if the market moves against you. I have decided to stop trading with fapturbo and return it for a refund. That has been my sad experience using this robot. Good luck if you purchase the Fapturbo robot – you do so at your own risk!
January 22nd, 2009 at 12:36 pm
Thanks to share your experience with us. Exactly what I said in the other post, 1 bad trade and all profits are wiped out. The same in trading in betting. 19th Jan was a very bad day, everyone lost money, hence this post.
Very good point yours is – “To achieve anywhere near the results advertised on their webpage one has to use the highest settings and risk wiping out your entire account if the market moves against you”.
My point of view of this (and was going to write a post on this later), they claim that with $5000 start up, you double it in 2 months. My demo account started with $5000 I am nowhere near the $200 profit, imagine $5000 profit.
So yes, even MAYBE this was not the intention of the creators to create a scam, at the end of the day, very shortly Fap Turbo will be regarded as a scam or a nicer statement – “A FAILED PROJECT”
January 27th, 2009 at 8:42 pm
I dont understand. Mabye with a bit of clearity on the situation. Ok, were those “huge” losses on scalper trades or the long term trades? Ive been following Forex and FAP turbo for a while. Almost as soon there was a problem or issue with the long term trades going sour (like within 2-3 Days)people were shouting off about it all over the web….If you are serious about forex and you stay in tune as a trader and NOT a get rich quick artist, you could have easily heard all about the problem and turned off the long term trade and saved your butt. Im telling you, as a seasoned trader, FAPturbo is at robot that only trades when there is such a situation of so little risk, regardless of any other parameter. I have checked all my ins and outs of my demo account and cannot for the life of me understand why anyone would want to get in and out of a trade where fap does. I cannot understand any indicators or technical parameters that would alert trades like fap either…BUT its becuase FAPturbo is a robot that only trades at the most risk adverse points of the most risk adverse trends. It obviously has trouble with the longer term larger gain senario. However its calculations for risk and reward to smaller gains, shorter time are ideal for a risk adverse trading strategy. My demo has been scalping about as long as yours with the same bad results for the long term. After analyzing the bad trades it was obvious, (because im a technical trader), that those trades should never have been entered and should have been closed manually at a point way before faps sold for a loss. Basically, when all volitality goes away, many times does the dominate trend usually leading to type of reversal or pivit. So for faps to enter then, could just be a sweet entry point to what is trying to turn into a reversal or a pivit against the dominating trend. So, if your stop is met or if the volitility spikes, faps exits the trade. Faps has figured out the short term quick profit, safe few pips, get it while its there idea. But for longer more established trends, with all the short term confusing trends within that trend, its has not figured out. To each his own. Stay away from the long term trades.
January 27th, 2009 at 11:49 pm
Hi Rob, thanks for your clear explanation. The purpose of this blog is to see to what extend Fap Turbo can be used. For sure, by now I can conclude that Fap Turbo is not for beginners ax explained in the sales letter. So yes any people using Fap Turbo must learn about forex and listen to news that may effect the currencies.
I can conclude that long term trades Fap Turbo is a disaster and your explanation makes it even more clearer why Fap Turbo should not be used for Long Term Trades.
As I said earlier, so far scalping mode fap Turbo was very successful. For sure this is not a quick rich systems, there are no quick rich systems, but many people portrayed the idea that Fap Turbo is a quick rich system afte seeing the results in their ‘live’ data.
Thanks again for your feedback, and for the beginnes reading this posts, please stay away of the hype, test fap turbo on a demo accounts and buy some books and start reading and learning. Forex is one of the hardest job in the world. You can make money as much as you can loose money.
February 8th, 2009 at 10:18 pm
I have always had my doubts about FAPS TURBO.The experience of users prove it. You cannot double your account in one month unless you are over leveraging yourself. This robot is well marketed but when I saw the promotions for it when I was considering Robot trading and saw the results, I knew it could not be true. If you want a good EA you will have to pay more than $99.00 for it and they will not claim to double your income each month, they will show at best a 20% percent growth rate per month, which is better than interests rates. If you want to get rich overnight trading is not for you.