Close to 85% of retail forex traders lose money - especially when they first start off trading. So can a trader make money by using a forex robot trader such as FAP Turbo in his trading? How can you succeed in forex trading by using the FAP Turbo forex software? Is FAP Turbo Forex the best and proven forex trading software for all currencies?
What is FAP Turbo
FAP Turbo Forex is an auto robot trader. In the simplest form of explanation, FAP Turbo evaluates trading setups, and then recommends and allow you to trade these setups automatically, taking the loss or profit whenever it closes the trade.
Problems In Using Robot Trading Software
In theory, it is all perfect. What is better than a trading robot who does all the work for you and gets the work done with the best desired results- so that the end result is that you reap a gigantic profit? Indeed, the dream of the trader who aims for the highest profit is to be able to identify the ideal trade setups where you can buy at the lowest and sell at the highest, something that a forex robot trader can be programmed to work idealistically,easily and mechanically without emotion.
However, in practice, we face problems, and these are the difficulties that anyone who wants to succeed in forex trading with FAP Turbo Forex must recognize.
Firstly, what level of confidence can we attach to trading with the FAP Turbo forex robot? Since we are not the programmer of the robot, we are not familiar with its trading algorithm, and how it picks the trading setups. Most importantly, how does it identifies a trading setup, and what is the risk level attached to its programmed trading setups that will allow you to "stop loss" and exit a trade? Without being told these facts which have been used in its program,what can you do to ensure you can succeed in forex trading using FAP Turbo?
Circumstantial Evidence Testing
As a seasoned and experienced trader, we can adopt a circumstantial method to find out whether FAP Turbo can generate good results and thereby offers evidence of success for which it is programmed for. If we are unable to know how FAP Turbo is programmed, we can indirectly gauge its usefulness from the results of using it.
Now, generally, many software, FAP Turbo forex included, will lead you to a website to look at results from using the software. There will normally be a display of figures that will show how profitable it is in the recent past of using the software. The general premise is that since it performed well in the past, it has a good propensity to generate you the same profits into the future.
That is, in part, a fallacy. Past performance does not equate to future performance because of different trading trends covered in the time span of the previous trading period. In other words, you might be making big profits in a prolonged upward trend, but now the trend has changed decidedly to bearish, and that upsets the trading algorithm and will not generate similar profits.
So how then can we test FAP Turbo Forex and obtain more than reasonable evidence that it can help you become a successful forex trader?
Most trading software will present trading results as circumstantial evidence that their software will work mainly trading results based on a backtest. In the more discerning ones, forward tests are included. In conducting the backtest and forward test, we take a block of historical data, and divide the data into two parts, using one part of the data for the backtest and the second part of the historical data for the forward test.
Backward Tests and Forward Tests
The backward test will provide circumstantial evidence that a trading software has worked previously to make you big profits. Then by studying the forward test results, we can check whether the trading software has been successful in generating profits using the same trading algorithm but in a different and future period - but note, this forward test is still based on past historical data.
Back Testing and Live Testing of Fap Turbo Forex
The crux of the testing is in the live trading - we are actually looking at the performance of the fab turbo forex in real time. This live trading test provide better evidence of its usefulness and accuracy as a trading software because of its timeliness and we can see whether the test provide robust results that are sustainable in a live environment.
Now how did FAP Turbo performed in backtesting?
Over a 9 year documented period, there were 9645 total trades, out of which 95.9% were winnerswith a 0.35% drawdown. This averages to 48.5% profit a month.
In Live Testing, results indicate even better profit figures.Tests were done on 3 accounts of different sizes - small and big accounts. Results indicated that FAP Turbo made at least double its backtest results for each of these 3 different accounts.
It is only when a forex trading robot like FAP Turbo is tested and proven to be able to generate profits during historical and forward testing, and also in live trading that you can attach a high level of confidence in using it as a forex robot trader. In the world of forex trading, a sustainable forex trading system that works over all periods is very important. Without that, you are doomed to a dismal failure. With FAP Turbo forex, you can see proven results that it works during back test and live testing, making it the best forex robot trading software by far.
Forex trading can be a time saver when compared to the stock market. After all, with Forex trading you don't have to monitor multiple companies throughout the day or week to see how well your investments are doing. You don't have to study quite as much to learn the ins and outs of Forex trading. In fact, Forex trading is one of the simplest ways to invest once you know how to trade.
One problem you might encounter is the inability to manage your Forex trading time efficiently. Perhaps you are following a particular Forex trader or using specific professional Forex trading signals, but your schedule will not permit you to trade when he/she trades or when the best signals flow through the Web channels to your computer. This might occur due to your work schedule or other time restraints.
Luckily, you can now sign on with a Forex trader to automate your trading. This means when the Forex trading signals are sent out, a professional broker's trade will be duplicated onto your account. You'll be able to trade when and how they trade - without spending all your time monitoring professional Forex signals.
An automated approach to Forex trading signals takes your trading to a new level of freedom...even if you were already following the broker's Forex trading signals on a daily basis. You'll experience freedom to do other things such as work or spend time with your family, while your trading is taken care of each day by a professional broker. Of course, if you enjoy monitoring your computer throughout the day and get a kick out of the whole idea of trading, then you might opt for Forex software available to make life easier as you trade away. But if you're pressed for time and still want to make money through Forex trading, then signing on to duplicate a professional's trades onto your account might be a viable solution.
How to Choose a Professional Forex Broker
Find a professional Forex trader you can trust. There are many offerings online for software and automated Forex trading. You'll need to take some time to sift through these to find the right one for you. Keep in mind that not all Forex Websites are created equal. Look for "real live or real time" Forex trading. This means your account will make trades at the same precise time as the broker using complete automation. You can even find someone to trade in London session as you trade in New York. This is a great way to double your chances to make money in Forex trading.
If you're not sure about a particular broker, look for a free trial so you can try out their service. This is the best way to find out if automated trading will meet your Forex needs. Free trials enable you to try out a service without paying for 10 days or more, so it's well worth a try.
Read the company's FAQs as well as all information available about their services and successes. A reputable company will offer much information to help you make an informed decision about their services. And most of all, ask questions that only a professional Forex trader would understand. A company claiming to be professional should know all there is to know about Forex trading.
As you study various Forex trading services, look for the best Forex signals at a price you can afford. But don't trade off quality of service for a cheaper price. Besides, your long term Forex success is probably worth a few extra dollars!