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Saturday, September 19, 2009

FAP Turbo Scam - The Most Expensive Lesson You Never Learn

The million dollar question that so many unsure potential forex traders ask themselves is whether to take aid from forex robots and if they do, which one of them are scams designed to waste money and time and which ones actually work. We shall therefore look at the workings and feed backs of the Fap Turbo in order to determine whether this product is a scam or not.

Before going into the technical part, the first positive signs available are the faith that the developers seem to be showing in their product. They are offering a 60 day money back period for any one who is not satisfied with the product, this is a must with almost all forex robots these days so as to ensure the customers that they aren't scamming them. They are also claiming that the capital invested will be increased by up to 100 percent each and every single month. On purchase of the product, you are also given a forum membership access so as to encourage feed back about The Fap Turbo, this is something that not all developers offer and is a sign that the makers do not mind consumer experience of their product to be out in the open and are rather seemingly encouraging people to do so, again showing a positive attitude by the makers. However, all of these may just be bluffs and cannot be relied upon until its actual workings aren't taken a look at.

Visit their website and you will see live trading going on in three different kinds of demo accounts, with real money, in order to show the profitability of the software. The offline service offers of $35 and $70 monthly offers also come with money back claims if you are not satisfied with the service. The developers encourage their users to first make a demo account with a small investment in order to check its workings first hand and then using it on a real live account with a bigger investment. All of this shows that despite being the most expensive forex robot available in the market, the only thing you have to lose if unsatisfied with the results generated by it is a very small amount of time and money.

Now let's take a look at whether the software actually works. What mainly matters when looking at a forex robot and checking whether it works or not is its ratio of wins compared to losses or the winning percentage? This ratio has to be long term as short term ratios tend to be misleading due to one off hits and misses. The Fap Turbo boasts, on an average, 19 wins compared to every 1 loss, which is a really good ratio. Drawdown refers to the maximum amount that the software has been known to lose on the capital, with average forex robot drawdown figures hovering between the 10 percent and the 20 percent mark, compared to the less than 0.5% of The Fap Turbo, these average drawdown rates are nothing short of massive.

One of the main reasons that I can say that this product is a handy buy is because it focuses on the long term approach rather than on a short term one, thus ensuring profit over a certain amount of time.

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