Wednesday, March 18, 2009

FAP Turbo Review - An Honest FAP Turbo Review

by Simon

There are a lot of reviews about this product that are based around the FAP Turbo website, and don't give a real account of what the software actually does.

I have actually purchased the software based on some of these reviews, and I must admit I was sceptical about it, but at the same time intrigued. I feel it is only fair to give you an honest FAP Turbo review, from someone who has actually used it.
First of all the setup was straight forward with instructional videos that explained everything very clearly. It took me about an hour to go through the instructions and set up a demo account with a broker. As soon as I had set the software up to run as an Expert Adviser on my trading platform I let the system run.

I must stress that I only used the short term strategy on currency pairs EUR/GBP and EUR/CHF, I didn't run the long term strategy on EUR/USD.
Anyway after all the hype I was expecting amazing results (The Website does say you will double your investment every month). My demo account was $5000, (although you could go live with as little as $50). Well the initial results were far from what had been advertised, and I was thinking I have been well and truly conned.

After the first week of running the system I had only made $47, which isn't great compared to all the hype.

My second week with the system made a profit of $153, which is getting better.
In the third week I only made $73, so again not great. But my forth week was reasonable as the system made me $381

Now this is the thing, you will not make double your investment every month, and that's fact, I just can't see it. But you do make some profits with a very small drawdown. I had very few trades that actually lost money, and when they did the figures were very small.
Overall I made a profit of $654 for the four week period with a demo investment of $5000.

This is about 13% increase on my initial investment, which isn't that bad, but no-where near what is advertised.

Anyway I would recommend FAP Turbo as it does make money, but don't think you will double your investment each week and be the millionaire they say you could be on their website.

This is the FAP Turbo Website - www.fapturbo.com

And here is a review site with some other Forex Robots that are on the market as well as a FAP Turbo review. This Website also highlights some Forex Ebooks that I would recommend for anyone new to the Forex Market.
http://www.make-money-recommendations.com/forex_marketing_robots.html

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