Sunday, February 21, 2010

Forex Trading Software Online


I have been testing and reviewing Forex trading software online for several years now. During that time, I found out that most of these systems were complete garbage or too difficult to understand for someone just starting out in Forex trading. I like to try the new Forex trading software online when they are released and if they work I keep them, if the product does not do as advertised, I get a refund. Most of the products I buy, review and test come with a no questions asked, 60 day money back guarantee. This is a good thing, because I end up returning most of the Forex trading software and products I purchase.

So a few months ago, while I was checking out some of my favorite Forex blogs, I came across a website advertising a new Forex expert adviser software package called FAP Turbo. I asked a friend of mine about it, who trades Forex professionally, and he told me that he was running FAP Turbo at home to see if this "robot" could beat him at his own game. Kind of like the chess match between Deep Blue and Garry Kasparov back in the late 90's.

If you remember, Deep Blue was a chess-playing computer developed by IBM. On May 11, 1997, the machine won a six-game match by two wins to one with three draws against world champion Garry Kasparov. FAP Turbo is a lot like Deep Blue, except instead of playing chess extremely well, it uses complex algorithms and mathematical calculations to make profitable Forex trades on auto-pilot. But does it do it very well, like Deep Blue?

My friend had sparked my curiosity so I checked out their website and other than the sales hype; I was impressed with what I saw:

1) FAP Turbo is a 100% legal system developed by 3 tech geeks and a professional Forex trader. I like systems that are legitimate and are designed by people in the Forex profession...unlike some other Forex products that are developed by slick marketers just trying to make a quick buck.

2) These guys provide live trading results using real money which is updated every 15 minutes right on their website. I must admit, these live trading results are very impressive. Most of the Expert Adviser/Forex Robot software systems only provide back test results. This is the first time I have seen live results being displayed for everyone to see on the product sales page which indicates these guys are really putting their money where their mouth is.

3) Likewise, the backtest results for this software are pretty incredible. For those of you new to Forex trading, backtesting a trading system involves running the expert adviser software against historical market data and analyzing the trades the software robot would have made according to the robot's built in trading strategies. This provides you a good idea as to whether or not the system actually performs as expected under diverse market conditions over time. The 9 year backtest results on a $10,000 starting account show FAP Turbo making profitable trades over 95% of the time with a 5,000% net profit totaling almost a half million dollars!

4) FAP Turbo is a 100% automatic Forex trading robot, so once you get it installed and configured, the software runs and makes trades on auto-pilot...all you really need to do is make sure you have a good Internet connection and check your account balance.

Does FAP Turbo Work?

I purchased the FAP Turbo Forex trading software online and immediately downloaded it and got it up and running within a half hour using the instructional videos provided in their members section. To say that I have been impressed with the results of FAP Turbo would be an understatement. The software performs exceptionally well under even the worst economic conditions, including the current financial crisis. In my 3 yrs of Forex trading experience I have never found a system with this kind of accuracy and ease of use.

And what about my friend who put FAP Turbo to the test against his professional trading skills? Like Kasparov against Big Blue, my friend lost. Over the last few months, FAP Turbo has made winning trades over 94% of the time vs my friend, "the professional trader" winning about 27% of time trading Forex the old fashion way...manually, filled with plenty of sleepless, stressful nights evaluating neon green charts and graphs.

Did FAP Turbo pass the sniff test? Absolutely! This automated trading system has given me more income than my 9-5 job and more importantly, more free time with my family...the software analyzes the Forex market and makes profitable trades for me automatically.

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