To be honest, I was really reluctant to try out this new market robot called Forex FapTurbo. But, the live testing results that the clients expose on robot’s main site made me quite concerned to discover more about the software. At the end, I came to a decision to take up the money return guarantee of the program and bought it. After checking Fap Turbo for a long time now, I would like to review some of the functions of this program and my test results achieved with it. It is actually a special software that can be integrated into the Forex trading platform Metatrader which you can download for free. This kind of software robot is also called an Expert Advisor in the foreign exchange industry. Primarily, forex FAP Turbo robot will trade without any help since it has a set of programmed codes that dictate the way it makes trades. There are several automatic robots that have proven to be very workable, yet you should also be aware that more than 85 percents of robots are a piece of crap when traded on a live account, that’s why you should research watchfully before making any orders. This automated software is developed by three IT masters who are very advised in currency trading. It is a much more profitable version of the previous most powerful robot Forex Autopilot (by Marcus Leary). This new FAPTurbo uses much more advanced risk controls. In the space of one week of testing on my demonstration account, the software made 28 trades and 27 of those trades ended up in profit (96% accuracy rate). I used a starting capital of $1,000 and it ended the testing period on $1,175. Straight away I started using the tool to one of live account and at the moment it is generating profit similar to that of my virtual account.
Of the nearly 1000 people we have taught how to trade the mini-Dow or S&P emini index, nearly all were able to successfully trade our simple index strategy on their demo accounts (we only know of 2 exceptions that reportedly could not even get consistent on the demo. One man claimed that every single trade he made was a loss. In my mind that would be as hard to do as to make profit on every trade). Yet, some have a problem going from demo to live trading! If your day trading strategy is consistently successful on your demo account, then what is the difference when you go live? Mindset! It all boils down to that in your trading (in my opinion this is true of life in general, but you see the results immediately in trading - especially day trading). I really hate to call what we do as index traders, day trading. That is only because of the negative connotation the term brings to mind. Stock trading is what most people think of when they hear the term day trading. Regardless of what type of trader you are, you will have to come to terms with the fact that each trade depends on YOU. What frame of mind you are in at the time you place those trades will have a HUGE impact on how many of those trades are successful. Most traders think that it all boils down to the technical and/or fundamental analysis of the markets. This is where they spend all their time and money, but they never get around to working on the mindset. They feel the real key is in becoming a great market analyst. However, the world is FULL of good market analyst (just watch CNBC or Bloomberg for examples) who are not able to trade. They too didn't have the right mindset and had to take jobs instead. So what is the right mindset for a trader (or day trader)? That would take volumes of articles to answer. A good start is to read Mark Douglas' book "Trading In The Zone". Don't end your mindset training there, but it is a good start. Another good exercise is to keep a traders diary. Write down what you were thinking and how you were feeling as you made your trade. Do this immediately after the trade so that you can be as accurate as possible. Do this on winning trades and on unsuccessful ones too. You should notice that on your winning trades everything felt easy and sure. Once you notice the difference, don't enter trades unless your mind is in the correct frame! It's amazing how the human mind is able to pick up on the overall mood of the market. Douglas calls this being "In The Zone". We have always referred to it as getting a "Market Feel". Some traders have felt that it was impossible, while others gain that market feel advantage rather quickly. The difference is always in the mindset of the person. Some people are naturally much more in tune with their emotions, and they don't let them effect their mind while trading. Many traders reason that if they can just add the right tools, they will become successful traders. They work on finding the lastest greatest chart, software or gadget that will take them to the next level. After working with hundreds of traders over the years, I can tell you for certain that you will NEVER be successful unless you have the right mindset. Work on that and you will be MILES ahead of ones who are always adding more tools!
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