Another Long Term loss of -$500 was just closed. This is confirmation that Fap Turbo Long term trading is a complete disaster.
Stay tuned since later I am going to reveal TWO things about Fap Turbo site and their ‘live’ results that basically raise a big red flag that Fap Turbo is indeed a SCAM. Thus it should not be trusted with your real money. Real Proofs / Real Facts.
Is easy to get carried away with the bullshit affiliate marketers are telling you. Just see top pages listed in seach engines, they all tell you that if works were in fact there are some issues which make me think that Fap Turbo is just nice well made scam.
Though I still need to see whether the scalping strategy works. Long Term is definitly a disater.
Check back later!
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January 27th, 2009 at 8:45 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.