The forex world has recently been rocked by a well-known expert advisor by the name of FAPTurbo. Thousands of traders have purchased the software and put it on their accounts in hopes of making consistent profits. While it is extremely popular, is it really worth all the hype? Let’s take a look at the phenomenon called FAPTurbo.

The first thing you should know is that the robot costs $149. For an expert advisor that can bring you consistent profits on the forex market, this is a very reasonable price. Other robots on the market charge many times this amount for something that doesn’t work quite as good. The low price is part of the reason that people think it might be a scam before they buy into it. They simply can’t believe that it’s so cheap.

So does this forex robot actually work? The easy answer is yes, it works fine. However, if you believe you’re going to buy a piece of software and immediately double your trading balance every month, then you’ll be disappointed. It’s impossible for any robot to predict the market accurately, no matter how good it is. You will find that the FAPTurbo can increase your profitability the same way the more expensive comparison products can though.[youtube:RCMoj8fcBmQ;[link:automated forex analysis];http://www.youtube.com/watch?v=RCMoj8fcBmQ&feature=related]

How does this forex robot make profits? FAPTurbo works best on a scalping level, although it does also have the capacity to act as a longer term trading strategy. With this scalping trading software, you’re able to trade and cross-trade four currency pairs. These are the EUR/GBP, EUR/CHF, GBP/CHF, AND USD/CAD.

While being limited to just these few major currencies may be limiting for a more experienced trader, there is more than enough profit to be made by simply trading these simple currency pairings. Using the pricing indicators and strategic tactics offered by the software, each of these pairs can generate healthy profits.

The FAPTurbo seems to be set to trade throughout the pre-Asian trading session when the trading volume is quiet. This gives the predominant currency pairings chosen a very tight range for scalping. The robot does tend to leave trades open a little longer than a regular scalper simply due to the quietness of the market.

If you’re considering buying a trading robot so you can make consistent profits time after time, then you’re being unrealistic. There’s no single piece of software on the planet that is able to accurately predict such a volatile market as the forex market. This means that all software will occasionally incur some losses.

Overall, FAPTurbo is a great robot that over-delivers for the price that you pay. You can realistically expect to double your account with this robot as long as you are patient. Just don’t expect to come in and become a millionaire overnight with this EA.

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