Feb 07
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.
Jan 29
A quick look at the privat forum of Fap Turbo, people who are customers of Fap Turbo are asking where are the creators (they call them developers)? They have not been around helping their customers for weeks. Some even claimed that the developers ran away with their money and one went to the extreme of saying, that sales made by selling the forex robot made more profits that the robot did in trades.
Customers like me have not heard by email or anything from these developers, no feedback in their forum so people have their own right to think for the worse. So it seems that Fap Turbo customers were left alone, stranded, on their own in the complicated market. Nice way of threating their customers.
Also, people asked the developers to share the settings of the trading accounts that they have in their ‘live’ data. I have asked this question many days ago in this post - http://www.fapturboscamproof.com/672/eurusd-long-term-trade-closed-profit-of-97/. Of course no answers from the developers. Also you should know by now that the results are fake as revealed yesterday!!! There is a lot of discrepancy which makes one think that the results are manipulated. Furhermore no one in the forum is making any money, but yes Fap Turbo are making money by manipulating the results themselves. They just want your $$$.
Anyway, I will reveal soon some more things about their excellent sales letter, so if there is someone that still things that Fap Turbo works, he can be advised what to be aware off.
Cheers.
PS: I am reading some books, some tips I found on the forums, and common sense and making steady profits. These are the basics of becoming a forex trader!
Jan 28
Hi, although I promised that I will reveal two suspicious things about Fap Turbo earlier today, I had a tough day at work and I don’t have the time to write a proper well explained article. Promise that tomorrow it will be published.
Last night Fap Turbo did 3 scalping trades with a profit around of $50. Not bad.
Cheers, for tomorrow.
Jan 26
As things stand so far, my personal opinion is that Fap Turbo is a failed project. At least in these turbulent days in the market, Fap Turbo is not at all profitable. However as per my previous post I will give it a test on scalping trades only, since in these kind of trades only one or two closed at a loss, the others were all profitable.
I am posting my actual results with my demo account since I have nothing to hide and is not my intention to fool you. Just be careful that there are blogs that rank very well in search enines that claim that Fap Turbo works and is profitable. So far in my case it is not profitable especially in long termi trades. So watch out!
But lets see on $scalping what it will do, however for sure this is not for beginners as their sales letter says. You need to interpret the daily news, how will they effect the market and also some understanding on forex. So I suggest that for beginners buying a book and learn the basics of forex is the best start.
Jan 26
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
Jan 24
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.
Jan 23
Well, one of my long term open trade was for some reason closed today at a loss of the -$503. So basically all profits wiped out. Even worse the other open trade is still open at a loss of -$221. But sometime this trade was close to -$20 so I hope that Fap Turbo will not close the trade at another loss of -$500 because than that will be the end.
To be honest, the two trades got crazy after the effect of 19th January. Before this date everything was going well, small but incremental profit. The question I should like to ask at this stage is: If the market was not as unstable as these days, would Fap Turbo be profitable? People lost many money on the 19th (mine is demo so at the of the day I lost nothing), before that date people where all happy with profits. I know people that stopped Fap Turbo and claimed money back after that loss. Who started Fap Turbo in November / December he should still be in profit.
In my case up to this point, there are still many days left to claim my money, so lets keep the ball rolling with this challenge.
Jan 18
Early this week, I beleive Monday, a new Fap Turbo Update was released. I have installed the new update I beleive last Wednesday. Updating the software is very easy and this is a + to the whole package.
Another nice thing to note is that I have purchased Fap Turbo two weeks ago, and having an update just after two weeks I don’t know if it is good or not. For sure having an update means that there are people working on to impove the sotware. The email received was full of information explaining the software update. Again big + tp the whole package.
In the members area there is also a very active forum with tips and tricks on how to improve the trades. At the moment I am not taking care on any of these since their sales letter states to leave everything as is by default and should generate money. And this is the purpose of this blog.
So far so good, looks a good package overall with updates, forum and support. But well, we want to make money so at the end of the day my verdict will only be based if it generates money - by itself.