Wide Spreads Problem: Is it due to Brokers or current market depression?

Fap Turbo Scam My Comments 1 Comment »

Hi Guys and Girls,

The question Fap Turbo customers always ask and yet there is no answer is why the spreads have widened, thus Fap Turbo cannot trade so is ineffective.

Just to explain the problem, the difference between buy and sell quotes is called the spread. The spread can vary from broker to broker, and normally it varies from 3 to 5 pips. If the spread is between 3 to 5 pips, than Fap Turbo has the right environment to trade is scalping mode and in this case, Fap Turbo in my tests was successful. Even yesterday did 3 nice profit trades, more on this later.

Now the wider the spread the more the quotes need to shift in our favour to close the trade in profit. See this post for example in this blog.

The spreads of a forex live account

What has happened in early January is that the spread has become 7 to 9 pips, which definitely is not favourable for Fap Turbo, so it cannot trade. In fact last week I only had 1 trade over the whole week!

The question people are asking is this:

Why the spreads have widened this far so as Fap Turbo cannot trade?

There are two theories, two possible answers.
1) The spreads have widened because of the current market depression, thus there isn’t enough liquidity in the market. This can be a plausible fact.

2) The brokers have increased the spread due to Fap Turbo. Since many copies were sold of Fap Turbo, the bhrokes have widened the spreads so as Fap Turbo does not trade.

Now since I never traded in the stock market I can’t say if reason 2) is plausible. Again I am testing Fap Turbo from beginners point of view, and there are other blogs that are testing Fap turbo from professional point of view since they are active traders.

From my stupidity, for every buy trade as far as I know (or sell?) it includes its broker commission. So the more trades are done, the more profit the broker can gain, isn’t it? This is what I think, although I know it is a naive thinking. So why the brokers needs to increase the spread?

If any trader reading this blog can shed some light on this issue it will be greatly appreciate. So what do you think?

This week overview - 1st - 7th February

Fap Turbo Scam My Comments 9 Comments »

So lets summaries what has happened this week. Fap Turbo did only two trades, 1 profitable $28.36 and one at a loss of -$2.62. So too trades overall profit of $25.74.

These where only scalping trades for the EURGPD and EURCHF currency. My Scalper_MaxSpread is set to 5. I know that people have increased this to 7 during this week. I did too just today but since today is Friday no trades in scalping modes will be done. This is why I have not updated much the 55 day by day profit challenge page

There is also the issue of selecting the right broker especially right now since spreads are high and thus Fap Turbo cannot trade appropriately. I will see what is going on inside the forum and will post early next week. A friend also recommended me another broker and I will look at it.

Furthermore, mid week finally we heard from Fap Turbo creators as you can read from my previous post. Not much have been said of value!

Happy weekend and thanks for all the people that are finding this blog useful.

Finally we heard from Fap Turbo Creators

Fap Turbo Scam My Comments No Comments »

After I have been asking what happened to the Fap Turbo Forex Robot creators, finally they heard me and sent their customers and email! WOW!!!

Anyway, this email is full of crap for me. Why? This is a summary of what they said.

1) Send 2 links for PDFs download
They have released and made available for download 2 PDFs of live accounts they are using. All accounts are in profit, were every reader in this blog and also their private forum is reported losses or very small profit. Unfortunately I can’t sum up the totals since they are in PDF format. Probably the totals are wrong as well as per their main official website live results!

See this post since I have already posted about this. http://www.fapturboscamproof.com/711/fap-turbo-scam-forex-robot-busted/

Again the same question: WHY THEY DON’T TELL US THEIR SETTINGS - THE SETTINGS THEY ARE CLAIMING ARE MAKING THE ABOVE MENTIONED PROFIT?? WHY???

2) Visit the forum
Thanks. The private forum only customers most of them frustrated speak up. They don’t participate in it. They urged their customers to visit the forum, and leave their customers wonder around and play with settings and lose money at the same time.

3) Fap Turbo Monthly Mentoring
They will be releasing a monthly flash chat script. We need the settings first!

4) Fap Turbo Future#
As regards the future, they are working on lowering the spread dependence and allow people to use the Fap Turbo success formula even outside the Metatrader 4 platform.

Ahhhh something else they fired three people but hired five new. From my commercial experience loosing people is nearly always bad for any company even if they were cleaners!

Anyway, to close up…this is their closing statement:

“Our Financial Future shines bright as we tweak, work, release new updates and make sure that we all enjoy forex earnings for a looong looooong time :)”.

Yes the money they got from customers yes makes their Financial Future Bright. Very true, they are not lying here.

Why Fap Turbo Can Fail

Fap Turbo Scam My Comments 2 Comments »

Hi,

I am a software architect, so I design and build software. Software like Fap Turbo makes me skeptical about its success, but also intrigues me. It made me skeptical from the very beginning. But is worth a try. My quick questions were:

1) No software can match the skill and mind frame of a skilled forex trader especially if it only costs $149 or how much it costs.

2) Although undoubtfully there are strategies and systems that are followed by skilled forex traders, instinct and experience I bet are the best tools for a successful trader. No way these two things can be simulated in a program that costs millions of dollars, imagine for a software that costs $149.

3) Most obvious, if I have developed a successful software that generates me money, I would keep it for myself and not sell it to the public. Some poeple in the forum said that spreads change when Fap Turbo is trading, and are changed by the brokers. Fap Turbo Team explained the reason why spreads have increased lately due to market conditions. Which version is corrent only God knows. So back to my point, if only me - the creator of Fap Turbo, is using the software, than no broker would have noticed my trades. But since now thousands of people are using Fap Turbo is only logical for the broker to increase the spreads.

4) As from my betting trading experience, you manage to do a number of successful trades, and then one bad trade hits you and all the profits are wiped out. From there ‘live real’ that can be found on Fap Turbo sales letter one can see a number of big loss trades. How come they manage to remain in profit we do not know. I am not saying that the results are manipulated (they can easily do it if they want to) but one bad trade and everything is wiped out.

Anyway these are just the biggest four questions I immediately started asking myself when heard about Fap Turbo. If this software is really profitible in the long term, than the Fap Turbo Team merit the nobel prize for the 100 years to come.

On the other hand, if a considerable amount of people keeps on loosing money, then Fap Turbo will be considered as a scam even though may be it was not the intention of its creators.

Fap Turbo Scam Proof

FapTurbo Scam Forex Robot - Change some settings

Fap Turbo Scam My Comments 1 Comment »

Today I did some surfing in the Fap Turbo Forex Robot private official forum and what I was amazed is the fact that there are mixed results, that is people are making profits or losses with this forex trading software. If it wasn’t for those two trades I would have been in profit, but anyway, I have tweaked some settings according to some recommendations and now I am only trading EURGPD and EURCHF currency pairs.

Lets see how it goes next week. Enjoy the weekend and Happy Currency Trading.




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