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dreadnought
Member
Joined: 12 Jan 2009
Posts: 1
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# Posted: 13 Jan 2009 07:54
Reply
Hi, I'm new to this site and I'm trying to find out if anyone has had any experience with FAP Turbo. It all sounds a bit to easy, so I'm getting the feeling there must be a catch somewhere. Any thoughts or comments would be appreciated.
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gabeg
Member
Joined: 6 Feb 2009
Posts: 1
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# Posted: 6 Feb 2009 20:35
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There is a review site that has a weekly update from using the software on real accounts. In my opinion the results are not that great compared to a trader with a little bit of experience. I made 30% profit my first month trading currency on and real account. Of course i traded with a demo account for months, getting news and running analysis on data. The best way to make money in currency trading is get a demo account and trade on news, current events and technical data and just get experience with it. When you feel comfortable that you can make a profit, open a real account.
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hank
Member
Joined: 13 Feb 2009
Posts: 5
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# Posted: 13 Feb 2009 12:33
Reply
Hi there, I've been having great success with the EA, £555 in the last 8 days in fact. Just wondering when I'm going to get hit. You know, the whole bitter sweet thing!
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Matt Zenittini
Member
Joined: 16 Jan 2009
Posts: 171
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# Posted: 13 Feb 2009 14:24 · Edited by: Matt Zenittini
Reply
Stay away from FapTurbo. I actually purchased it myself and started with a free account. This is simply just a trading bot.
The bot might have made the owners some money at first but the past 3 months it has consistently lost money. I am not a fan of the idea at all.
You are more than welcome to get it, however I did not find success with the bot.
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hank
Member
Joined: 13 Feb 2009
Posts: 5
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# Posted: 15 Feb 2009 17:56
Reply
Matt - you're right its a trading bot but I've been doing really well with it. I wouldn't stop running it if you paid me! Same goes for the majority of those on the FAP Turbo forum. You must have been really unlucky or had your settings set up incorrectly - who knows. Better luck next time.
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040107
Member
Joined: 14 Apr 2007
Posts: 351
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# Posted: 15 Feb 2009 18:24
Reply
I'm having trouble loading http://www.fapturbo.com
Anyone else having trouble getting the website to load or is it just me?
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Matt Zenittini
Member
Joined: 16 Jan 2009
Posts: 171
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# Posted: 16 Feb 2009 09:53
Reply
look at fap turbos main website... even they have lost a TON of money. There are no guarantees and this is a VERY risky way to spend your money.
Why not just bet your life savings on the Dolphins to win the superbowl?
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jaesun16
Member
Joined: 21 Mar 2009
Posts: 238
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# Posted: 7 Apr 2009 23:34
Reply
Yes, I was about get it first..
But, there is nothing you can earn easy, and quick.
If you are new business starter, you are good to go,
But, If you have been working with other internet business program
why don't you stick with your program and invest on yours..
That's an idea.
Consistency will be paid back!!
Thank you
Happy day~^^
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DCollier
Member
Joined: 20 Oct 2007
Posts: 30
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# Posted: 10 Apr 2009 08:45
Reply
Fapturbo , I can lend only my experience. 3 months of demo trading and 3 of real live trading . Demo turned a 5K account to a 7K account . Real live trading took a 2K account to zero. The problem is the robot made small gains over several days and then wam took huge losses that wiped out all the gains. The biggest problem is the brokers are setting spreads that prevent the robot from trading. It is very difficult to believe the results on their website.
After 3 months , the ones making the money are keeping it private as to the broker they are using that bring them these results. On the Fap Forum , there are many who are have problems. After over 20 thousand buying Fapturbo ,it has become clear that its a pure marketing venture . Many robots for Forex have come and gone over the years and this one got the most excitement last fall only to become another EA (expert adviser) to fizzle out for the members. Sure there are some making money , but only under certain settings, and using certain brokers. This EA can only make money with 5 spreads or less. Many brokers are over this limit and thus renders the robot useless. Lots of disgruntled members in the Fap Forum with no real direction.
The fapturbo forum deletes any negitive comments about the EA .
Censorship to slant the forum for sales and banning members that speak out.
My advise : to many unknowns due to lack of true support from FAPTURBO
Sounds to good to be true.. it is
Just set it and for get it. BULL
Many things are in play here within currency markets and the big players are in control. Spikes in the market due to a speech can wipe you out.
The Truth is clouded with hype , and the buzz has fizzled
FAP Flop
just my experience .
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LauraLicata
Member
Joined: 1 Jan 2008
Posts: 309
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# Posted: 10 Apr 2009 13:11
Reply
I have not purchased Fap Turbo...yet! I am in contact with someone who is extremely knowledgeable about this robot and others and is having great success....down to choosing the right broker.
When I do sign up he will be mentoring me (and anyone else for that matter) from start to finish. I think it would be a little too difficult to for the complete novice to go it alone, but I would not discount the success of others.
Feel free to PM me and I can give you his info.
Take care,
Laura
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jaesun16
Member
Joined: 21 Mar 2009
Posts: 238
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# Posted: 11 Apr 2009 04:13
Reply
I purchased them from ebay it cost me only $20
intead buying from website.
I got every software except permission to member's area
which I don't need it. I could get more and honest information in this
forum.
I have contact to seller, and sent me emails with instructions and
guide line to get it started.
Please wish me luck I am about to make $100 initial deposit to run
and watch what happen.
Guys wish me luck.
Happy day~^^
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hank
Member
Joined: 13 Feb 2009
Posts: 5
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# Posted: 11 Apr 2009 08:44
Reply
jaesun16, you bought FAP Turbo from ebay? If that's true you'll need to logon to FAP Turbo site each month to download the new EA (each version is licensed). Make sure its a genuine copy of the EA otherwise you've been scammed!
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samueldarwin
Member
Joined: 10 Oct 2007
Posts: 463
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# Posted: 11 Apr 2009 09:26
Reply
They help you to make your trading easy. But definitely there are other ends of it....
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apalm8
Member
Joined: 12 Apr 2009
Posts: 1
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# Posted: 12 Apr 2009 20:30
Reply
ive heard mixed reviews thanks for this info
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johnjimat
Member
Joined: 31 Mar 2009
Posts: 357
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# Posted: 13 Apr 2009 09:33
Reply
there are many FAP product right?so which of them not good?all?
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2x2Prosperity
Member
Joined: 27 Mar 2009
Posts: 53
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# Posted: 3 May 2009 18:54
Reply
With Fap Turbo, make sure you have the settings on that with which you are comfortable with as far as risks (LRR) goes.
Make sure that you have the proper GMT offset. That is key
Find a broker with low spreads. Try FXOpen. They have fixed spreads.
Always demo before opening a live account
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forexbeginner
Member
Joined: 3 May 2009
Posts: 1
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# Posted: 3 May 2009 20:53
Reply
jaesun16: I purchased them from ebay it cost me only $20
I just purhcased the legal way. Sounds like you purchased bootleg copy or whatever. I'm curious though how you are getting along since it's only as good as the latest month update you have, as i understand it.LauraLicata: I have not purchased Fap Turbo...yet! I am in contact with someone who is extremely knowledgeable about this robot and others and is having great success....down to choosing the right broker. When I do sign up he will be mentoring me (and anyone else for that matter) from start to finish. I think it would be a little too difficult to for the complete novice to go it alone, but I would not discount the success of others. Feel free to PM me and I can give you his info. Take care, Laura
Tried to PM you, but I guess as a new member I'm not allow or whatever. I am curious as to how your are getting along with fapturbo or if you followed thru and actually started using it. Also interested in your friend who's the expert. Or is the Pm just so I can get an affiliate link?
Forgive me for wondering, but my initial experience at the fapturbo forum was one post got approved, it was just responding to someone else, but my second post asking about their results on the sales page (which aren't doing so well on atleast the $500 starting acct they have) were not approved apparently. Now, from what I am reading, it appears that there are folks who are really happy with their results. Some who said they tweaked when they should have stayed with the recommended default settings, and some folks that actually get their posts approved who say they aren't making anything, or are losing, or have lost everything. There are some folks, including one of the mods who is posting their trading results, and the mod donna**** (partial name for her privacy) who has posted her settings, and a link to her live results who appears to be doing pretty decent witha $200 starting deposit and from my figures about a 268% increase in acct. balance sinc sometime near the end of '08 (Dec. I think).
I want to set it up and do demo trades and from the poll on the forum right now, Alpari appears to be the most favored broker on live trading.
I don't want to bet the farm, of course, but considering they have PM's lockedwon on fapturbo forum and posts just simply asking about the negative results on their sales page while also mentioning their excellent results... still get not approved.
James
Any opinions and actual personal results would be appreciated.
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2x2Prosperity
Member
Joined: 27 Mar 2009
Posts: 53
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# Posted: 11 May 2009 16:49
Reply
Default settings work fine. I wouldn't set LRR above 20
The results on the fap turbo sales page use risky settings with LRR 40 or above.
It's important what broker you choose. Alpari is good.
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DCollier
Member
Joined: 20 Oct 2007
Posts: 30
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# Posted: 18 May 2009 15:38 · Edited by: DCollier
Reply
The big difference with this forum and Fapturbo is they are censored.
Only positive reviews are accepted. I have been banned more than once. James if you are considering a demo account , realize one BIG thing . the results are nowhere near real time results. So its not to be used to expected gains only to see how the robot works. Each and every broker will have different results on the exact same trade. The ability of the robot to trade is within the spread. this is the commission the broker makes on each trade. FAP will not trade with spreads above 5 , unless you manipulate the settings. The robot trades during the Asian period and this is due to the slowness of trading. big swings will prevent the trades. There are only a handful of brokers that have low spreads and most raise the spread at the Asian time ( due to liquid money) members within the FAP forum are very reluctant to release the true best brokers due to the over sold condition of the robot. The ability to get a trade depends on the volume. when 5000 members have the robot popping a trade at the same time , most do not get a fill. The robot also makes many small 5.00 - 15.00 profitable trades and then get stuck on (draw down) a trade for a big loss. thus loosing all the little profitable ones. That is why the negative postings on the FAP forum .. My personal experiance of loosing 2000.00
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grizzly B
Member
Joined: 29 May 2009
Posts: 6
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# Posted: 29 May 2009 13:24
Reply
hi there what all would you like to know about the FAP Turbo? it is a very dependable forex robot. it does all of your trading for you. your computer doesn't even have to be on
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2x2Prosperity
Member
Joined: 27 Mar 2009
Posts: 53
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# Posted: 31 May 2009 21:01
Reply
DCollier,
How much did you invest initially and were you still in profit after losing 2,000 or do you mean in total you were down 2,000.
Thx.
Billy
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Arkhad
Member
Joined: 29 May 2009
Posts: 3
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# Posted: 1 Jun 2009 01:15
Reply
Hi Hank
Just had a quick look at Fapturbo and there are two ways you can work it.
How can Matt Zenittini lose so much money? - does that mean he is not working the automated system?
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DCollier
Member
Joined: 20 Oct 2007
Posts: 30
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# Posted: 2 Jun 2009 09:15
Reply
I wouldn't think of putting money in a broker account as an investment. Its simply a bank account (currency broker) and FAP makes the trades. The money in the broker account is used as leverage against trades. 1:200 (example) and FAP taps the account and makes trades. The broker makes there money on the open and close of the trade (known as spread) and its this spread that kills the EA (expert adviser) . Broker accounts differ on spreads and in different periods (US, European , Asian ) . They control the spread according to liquid money durring the trading time. Less trading meads higher spreads, thus rendering the EA to little NO trading. To answer you Q , My various accounts were ahead then behind and then ahead and then back behind. My conclusions were that the EA was making several small trades and then one big looser ( known as "stuck in DD ", draw down) Drawdown is making a trade and then it moves in the opposite direction and stays that way until it closes for the loss. And the FAP Turbo Forum is filled with exactly the same stories. but when posting the losses or getting too negative about FAPTURBO , it is censored out.
I closed my broker accounts due to lack of trust in the EA.
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jenniesweetie
Member
Joined: 16 Jun 2009
Posts: 3
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# Posted: 16 Jun 2009 03:19
Reply
The new version of Fapturbo is coming out
Hopefully it can make itself more invisible to those shady brokers !  [imgs=http://www.DATINGADVICEGUIDE.INFO/smile-fool.jpg][/imgs]
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jaesun16
Member
Joined: 21 Mar 2009
Posts: 238
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# Posted: 18 Jun 2009 00:18
Reply
I just want give a tip to everyone!
You don't have to buy it from site!!
You can buy them on ebay much cheaper price!!
Good luck to you
Happy day~^^
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kyrash
Member
Joined: 24 Jan 2008
Posts: 84
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# Posted: 23 Jun 2009 15:33
Reply
FAP TURBO was doing ok initially until most brokers started increasing the spread and this forced the EA to a corner. I think people getting FAP TURBO now need to be very careful with the broker they go with.
But if you are new to forex please save yourself the heartache and dont jump into forex trading with EA.
Cheers
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bomeyer
Member
Joined: 25 Jul 2009
Posts: 1
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# Posted: 25 Jul 2009 06:12
Reply
I think that Fap Turbo makes money by selling Fap - not by FX trading?
There are a lot of sales men all claims that you can earn thousands of dollars by using the FAP to FX trading. But why use time for selling Fap to 167 dollars when it is so easy and safe to serve so many dollars in FX trading using FAP? And they have their bonus sale for 50 dollars ....
Why are there no links to the review of the "fantastic" Fap in serious magazines such as PC world?
Is review from a sales man trustworthy?
Why can you not download Fap Free to try? I think it is because it does not work.
Why are there so many Fap sellers. Only one is needed for software selling to the hold world.
Why can you not download Fap Free to try at www.download.com as you can with other programs and then pay when you've seen it works.
I think it is because it does not work and it will give too much negative feedback.
The "live" test: I think that the remove 50% of the loss-making deals so they get some good nice profit rapport looking real for promoting. So what the Fap tea real have developed is a fake rapport generator.
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bizzt
Member
Joined: 19 Sep 2008
Posts: 28
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# Posted: 27 Jul 2009 14:44
Reply
I have been Running FapTurbo for roughly 6 months now. All in all I have gained $30 on a $500 account. During the 6 months though I have learned how to trade myself and have made more money in the last 2 weeks then Fapturbo has in 6 months.
Just my Experience
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tctrader
Member
Joined: 2 Mar 2009
Posts: 5
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# Posted: 27 Jul 2009 16:47
Reply
It's foolish to jump into Forex trading for the first time using an expert advisor software program. Invest in learning Forex first with a solid course and then expand into using robots like FAP Turbo. Your understanding of what is going on will make things a lot simpler.
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