Best Forex Trading System

Review by Aaron Lawton

One of the biggest gripes I have about most software packages on the market today is that they bombard you with too much information. Who wouldn’t feel overwhelmed if they got a 300-page manual in their letterbox outlining the finer points of a particular trading algorithm?

Simplicity is bliss. And that’s exactly what Forex Tester 2 is – both blissful and simple, while still packing some grunt, it has certainly won me over. The software is easy to install and within the space of five minutes, I was able to download this program off the company’s website and begin using it. You can use the free trial version of the software and you don’t even have to register your email address.

This is a program aimed at beginner FX traders and it hits its mark wonderfully. Forex Tester 2 allows you to back test your Forex trading strategies using historical data and then, when the time comes to jump into the real market, you can do so with confidence.

The trial version is free and you can’t say that’s not a good deal. It is limited in its scope however, compared to the full-priced option, you can only back test using one month of historical data and you can’t save your testing results, projects or templates. But there’s enough here for you to work out if the program is for you, before you commit your hard-earned coin on it.

It’s the norm now in the trading software market to include a spate of technical indicators with any program and Forex Tester 2 is no different. By my count, there are well over 30 to choose from. What I particularly liked is the fact you can load up different indicators on different timeframes on any chart.

Also of great importance, especially when back testing, is to focus on your money management. The creators of Forex Tester 2 clearly know this and with each tick you move forward during testing, the software updates what your financial position would be at that point in time, which is extremely helpful.

Of course, don’t take my word for it. If you’re looking at getting into the Forex market and have a strategy or two up your sleeve, Forex Tester 2 may well be for you.

Aaron Lawton has been trading options part time on the US stock exchanges for a little over two years.

Popularity: 19% [?]

Ever heard the expression “Fools rush in where angels fear to tread..”? It could easily sum up many newcomers to Foreign Currency Trading.

So often the newby trader will watch charts and arrive at the misguided impression that Foreign Currency Trading looks easy… Many have fallen foul of this trap, why..  I am not sure, but statistics cleary show that the path to currency riches is strewn with financial wrecks.

Is it that the currency of the modern generations is instant gratification? The value attained by knowledge development has been lost and this loss has led to a modern society that lacks the stamina for trial and learning. But without time dedicated to the learning processes, the price of ignorance has to be quantified. Foreign Currency trading is very good at placing a price on ignorance.

Those who make money in the currency markets have dedicated a considerable amount of time to learning their ‘craft’, and as with any skill, they constantly hone their expertise, challenging new boudaries in order to minimise the chances of failure.

It could be the development of a new indicator or the testing of strategies that allow earlier market entry or later exit, the specifics do not matter. But there is one common denominator with all these exercises, capital is never risked until the system is proven. How is the system proven, by testing, testing on current and historical data, then testing in real time. Then only when the strategy is thoroughly proven is capital risked.

For many retail traders, the small, at home investor, wishing to learn Foreign Currency trading, the most common testing platform is historical data on a demo account. What many are not aware of is that demo account data has a reputation for inaccuracies, it is also limited in duration. Years of data is not available to demo accounts, to put it simply it would take too much space on the brokers servers. Also the servers often used for demo accounts are also the ones used for testing by the brokers, the trading servers are kept clean.

If you are starting out, the ability to test your strategies is paramount and being able to test on years of accurate data is by far the preferred option. Why risk your hard earned capital trading systems that can wipe you out in the blink of an eye? That is not why you decided to start this journey… your goal was to become a trader, or more importantly.. a profitable trader. So invest in your mind first, then the profits will come from knowledge and understanding.

So if demo account testing has severe limitations, what other options are available?

A comprehensive testing system has been developed which offers many years of historical data, allowing you to test not only your own strategies but also third party systems. It allows you to discover both your abilities and your failings and then develop the discipline required to temper over exuberance and risk taking, both of which will cost you dearly. Using Forex Tester, you will discover yourself becoming engrossed in your trading, feeling all the emotions and anxieties of monitoring chart movements… trades going wrong… the excitement of profits… the trepidation of entry and exit. All become real, the big difference is you have no capital at risk, but you are developing the knowledge essential for risking your capital in the real markets.

Used to it’s fullest capabilities, this software will provide you with some of the best practical trade training around, it is not designed to teach you the technicalities, but will allow you to test until you are sure your strategies will work, not once, but time and time again. So check it out:

Popularity: 12% [?]

Costly FapTurbo Scam for the Unsuspecting

I just got an email from Steve, one of the founders of FapTurbo, warning me of a blatant scam being perpetrated on unwitting robot users and maybe unsuspecting FapTurbo buyers. It orginates from Russia and presents as though it is FapTurbo’s latest version. We also received the ‘pitch’ from the scammer on our second email account and quickly realised something was far from correct, since it presented as an upgrade but with a sales letter. Upgrades don’t need sales letters…

Here is the eamil from Steve:

“…..It has come to our attention that some russian scammer is spamming our clients with his offer of a so called “fapturbo51″. 

His spam messages begin with a “Fapturbo Sucks” message.

 Here is official statement: Fapturbo51 is a SCAM. Beware!

 Here are the facts:

 1. Fapturbo51 is not a new version. It is a hacked version of the original Fapturbo49. There is nothing new inside.

 2. There is no “secret russian formula”. The Fapturbo51 code is exactly the same as the original one. We already verified that.

 3. Fapturbo51 is showing exactly the same accounts as on the official site.

 4. The scammer only changed TakeProfit and StopLoss values, there are no secret settings inside his copy.

 5. The “51″ manual is a badly “OCR”ed copy of the genuine FapTurbo.

 We know a lot of people are curious beyond what is healthy  so if you just want this scam then you can download their cracked holy grail style version here for free without the need to support the scammer:

(As registered owners of FapTurbo, we were then provided with with the link to download the scam upgrade FOC, effectively undermining the Russian’s income strategy)

We already started the legal actions agains the scammer and would like to warn you that the only legal fapturbo site is www.Fapturbo.com Don’t become a victim of phising sites and illegal clones. If you buy from a scammer you will never get any updates or support.

Help us fight the pirates

Please help us protect Fapturbo from pirates. After all you are a genuine purchaser and should be as angry as we are about such illecit activities. Please Report all pirate and fraud issues you found on forums, blogs, websites, torrents.

If someone is selling Fapturbo without beeing a LEGAL affiliate with a legal clickbank link or offers you cracked/decompiled version that means he is a scammer and should be reported to our anti-fraud department….”

We use FapTurbo and have done since it’s inception, we know what is capable of, even some of the pitfalls that we found when we first started trading it, details of these can be seen on our FapTurbo Review. We are also official affiliates so you can purchase FapTurbo through our links, knowing you are getting  the genuine article.

We support Steve, Mike & Uli and the FapTurbo Robot they built and keep developing, so feel this post is important in getting the info out to members of the public that are not aware of the situation and could fall foul of these scammers.

Popularity: 25% [?]