What Is FAP Turbo?
Speak to me on Live Chat if you are completely lost and need to know more.
First off, what is Forex?
Forex (ForEx, FX or foreign exchange,) is the term associated with trading the currency markets. The foreign exchange, market is where currency trading takes place. It’s the largest financial market in the world, with a volume of over $4 trillion a day. This actually equates to more than three times the total amount of the stocks and futures markets combined. Forex trading is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker or dealer, and are traded in pairs; for example the euro and the US dollar (EUR/USD) or the British pound and the Japanese Yen (GBP/JPY). (exerts above taken from babypips.com)
What is FAP Turbo?
For those of you who don’t know what FAP Turbo is, it’s a Metatrader 4 forex expert advisor (EA). This EA can also be referred to as a forex robot. It’s a piece of plug and play software, you attach it to a chart within Metatrader 4 and leave it to do its business. Its business is to automate all trading for you, opening and closing trades etc. This leaves you the time to do other things. It also means you don’t need to know anything about trading forex.
It’s been developed by three geeks called Steve Mike and Ulrich. You can get more in depth details here.
If you’re looking to purchase FAP Turbo click here for a bonus offer.
FAP Turbo’s Strategy
This EA comes in a couple of versions. A regular version that trades between 9pm and 1am GMT on 5 currency pairs using two strategies, and a pro version that has the same mechanics but allows you to tweak extra parameters, such as trading hours. It’s up to you which you use.
- Scalper strategy trades on the EURGBP, EURCHF, GBPCHF & USDCAD, on 15 minute charts.
- Long term strategy trades on the EURUSD, on 1 minute chart.
When a trade opens on a particular currency pair e.g. EURGBP, no second trade can be opened until the first trade has closed. If you want to have FAP Turbo open more than 1 trade per chart you have to buy a second license. The FAP Turbo guys offer a $10 discount to returning customers (as of the date of this post).
The internet is ablaze with information on FAP Turbo. If your questions are not answered here, drop me an email or better still leave a comment below and I’ll do my best to answer it.
