Fapturbo forex robot - before you buy. Read this article about Forex currency trading.

July 9, 2010 - PRLog -- http://www.proforexroom.com is a live trading room community for manual traders.  Theres no smoke and mirrors here.  No hype, No hard sell.  WE TEACH YOU SERIOUS NUTS AND BOLTS TRADING METHODOLOGIES to make you money in the markets.
Go to register for our trial at http://www.proforexroom.com ... dont forget to verify your email and if you havent received the email check your spam box.

Now the article...

Seriously folks .. $149 for a robot that some resellers are saying will be the saving grace of your current financial situation?  

For a start the term "robot" is not really correct.  Whats actually been sold is an algorithm that is loaded onto MT4 metatrader 4 currency trading system.

I had a look at the http://www.fapturbo.com/ and would suggest you not purchase it for the moment.  

Take a look at the pairs proforex robot trades
EURCHF
USDCHF
USDCAD
EURGBP
GBPCHF

Now consider this folks. For a start ... Asian trading session or scalping robots have been around for a long time ... especially the eurgbp and eurchf asian scalpers have been done to death!

Have you considered that during the hours Fapturbo trades the banks arent actually open? So who in most cases are you playing against?  Yep, you guessed in ... brokers.

The other thing is the spreads during these session times can get crazy because the market is thin and therefore your "fill" prices on for example the GBPCHF will be very poor at best ...then you have to wait for the price to move in your direction to get out ... but whos game enough to push the market around at that hour when theres technically not much liquidity driving the market because the banks (who generally add most of the liquidity) are shut!

What if the US Dollar took a nosedive?  I've used so called "robotic" systems and seen when theres a reaction on the US dollar.  In this case you will have 4 positions open in the US dollar going against you.  Serious?  have you considered the money management risk that this simplistic $149 program would have?

Having bought the program, but not using it ... the only money management on my version was a stop and a % of equity outlay per trade or the option to override and fix the trade but thats about where these robots leave off on so called money management.
There is a lot more to money management than stops and fixed position sizing.  

There are other robots around that have in built safety valves which I wont go into discussion here but in my books those pairs are hugely loaded to the US Dollar.

These "robots" are being promoted whereby there are no real results, no long term history, no live account.  

Backtested data is not live market trading.  The two arent the same.  Let me give you an example.  I did a backtest of an automated trading system on the EURO.  When the two sets of data were placed side by side with a real live trading account running the same automated system, on some days what the backtest showed as no trading.. on a live account there was actual trading!

The other point to remember is that the market is in a constant state of flux and change.  How will you prepare yourself for this change.  Are you going to make profit from relying on a robot month after month and how will you know after losing month 1, losing month 2, losing month 3 that its time to take the robot off the list.  

Seriously.  Are you in the market for a thrill of tinkering with a new system much like the model aeroplane club mentality or in for the long term, to make SERIOUS MONEY out of trading the currency markets... month in and month out.

You want results dont you?  Not to be laughed at paying $149 for a program that in my books will be mostly likely useless in 1 to 2 years time because market parameters and volatility has changed and set files havent been updated.

So whats the solution...

The solution is to have the RIGHT EDUCATION.  To know WHAT YOU ARE DOING.  to know HOW MARKETS REACT... to know THE RIGHT STRATEGIES AND TOOLS to trade those markets.

Being successful in Forex is not about a $59, $79, or $999 solution where you can set and forget then one day waking up to an account thats blown up!

Heres what you do.  I challenge you to engage yourself in this live trading room of ours.  If your unhappy... sure, go back and buy the Fapturbo system.  


Step 1:  Go and register for a trial at http://www.proforexroom.com
Step 2: Watch the videos that are in the members area about the strategies we use.
Step 3: Come along to a training webinar that teaches you concepts of the videos
Step 4: attend the live forex trading room at proforexroom that are held nightly during the London trading session
Step 5:  Register for the chat program so you have chat: audio: visual (see the traders charts on your screen)
Step 6: Engage with us on skype and give us feedback, perhaps theres something we are missing and that might improve your learning
Step 7: If that fails... sure... go out and buy whatever robots you like ...

Heres what I can tell you.

FACT 1:  WE HAVE MADE MONEY EACH MONTH CURRENCY TRADING IN 2010.
you can see the results at http://www.proforexroom.com
FACT 2:  OUR SYSTEM IS SIMPLE.  YOU CAN SEE THE TRADERS CHARTS, HEAR HIM MAKING TRADES AND SEE THE TRADES BEING TYPED IN CHAT.

Did you know that in June trading 1 standard lot you would have made over USD$12,000.  Not some laughable returns on live accounts like $2.50, $4 etc that I've seen or DEMO accounts that dont reflect true currency market conditions.

Do yourself and your future a favour.

Take a testdrive of PROFOREXROOM.COM
go there now and register at http://www.proforexroom.com



Proforexroom.com is a live currency trading room. We are not associated in any way with the Proforex robot. This article was purely to inform that there is an alternative to out of the box systems and that is learning the art of trading and being able to manually make trades in the Froex market yourself. Having the right currency trading mentor and coach is important to long term success in the currency markets. Our members make money from their home computers and daytrade the currency markets every day from 8am to 6 pm central european time when the London market session is open. There is no quick fix to learning, its like everything else. If you want to treat this Forex trading market as a business you have to put the right tools and strategies into place, not relying on cheap automated trading systems that in 4,6 or 12 months time wont be in existance or have a high burnout rate. If your not satifsfied you have choice. Try everything and you be the judge!

--Don Marriot

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Proforexroom.com is a live currency trading room. We are not associated in any way with the Proforex robot. This article was purely to inform that there is an alternative to out of the box systems and that is learning the art of trading and being able to manually make trades in the Froex market yourself. Having the right currency trading mentor and coach is important to long term success in the currency markets. Our members make money from their home computers and daytrade the currency markets every day from 8am to 6 pm central european time when the London market session is open. There is no quick fix to learning, its like everything else. If you want to treat this Forex trading market as a business you have to put the right tools and strategies into place, not relying on cheap automated trading systems that in 4,6 or 12 months time wont be in existance or have a high burnout rate. If your not satifsfied you have choice. Try everything and you be the judge!