Best Forex Trading System

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: 32% [?]

Why Automated Forex System Trading

Automated Forex System Trading

With the instability of many investments over the last 18 months, many people are turning to the Foreign Currency Market as an alternative, but why foreign currency investment instead of other securities?

The Online Forency Currency Trading or ‘Forex Trading’ possesses some unique characteristics:

1. Its trading volume is vast compared to other markets.
2. It possesses huge liquidity so buying and selling currency is never a problem.
3. The market operates 24 hrs a day for almost 6 days per week.
4. The Trading Floor is electronic, there is no ‘bricks and mortar’ exchange.
5. There are 4 major markets, Asia, Europe, London & New York, offering the potential of 4 opening movements every 24 hrs.
6. The market liquidity increases every year, irrespective of economic conditions.
7. Since the early 90s it has been open to Retail Investors

Many small investors, like to trade part time and still maintain a full time job. This can pose problems since they are restricted to when they can monitor the charts. Yes you can trade on a ‘Blackberry’, but you gotta be good to work off a screen that small! Anyway, this has caused an explosion in automated Forex systems for trading, often referred to as Forex Robots. Many of these Forex Robots had their origins in trading houses, where there was a requirement to trade small investor accounts. They were also developed to produce entry and exit signals for professional traders.

Tragically, many of the Robots that have been sold to ’Mom & Dad’ traders, have done little to improve their bottom line, in fact, many of the ones we have tested would have sent your account crashing to oblivion. They were bloody disasters! The sales claims were wonderful, but all based on historical charts (backtesting) never on real time trading accounts. Downloadable Historical charts are never 100% accurate, which also means claims are hard to verify, so true testing has to be done on a Demo account over the longest period possible to get any indication of real performance.

But there are a few which have produced very encouraging results, worthy of testing on a trading account.

We currently trade using 2 different EAs: Forex MegaDroid and FapTurbo.

Megadroid has consistently produced profitable trades and has been returning around 12% per month. This is on a restricted risk setting of 20%, which is tighter than the 30% recommended by the creators. We just don’t feel comfortable with a risk level as high as 30%. This still means we will grow our account significantly over a 12 month trading period and that’s got to be a good for anyone.

When we started trading with FapTurbo the results were dissappointment, though this was due more to our Broker than the software. At the time our broker was not an ECN broker, so spreads varied considerably and were often outside the FapTurbo trading parameters. When the spread is 2 – 3 FapTurbo trades profitably, but being a scalper, the trade profits are small and it needs to trade frequently to have a significant effect on any account.

After about 6 months of frustration our broker bacame an ECN facility and trading with FapTurbo improved, but was still not as good as it should have been. We then found the cause, and this is very relevant to anyone outside the US. Being Australian and using an Australian broker, we set up our account in Aus$, only natural, no problems with conversions etc if we wanted to withdraw some funds. BAD MOVE!!! This meant that FapTurbo had to re-calculate the currency and it ground to a halt. When we changed our account to US$ the trading frequency changed significantly, as did profits… they were up, big time!

Of the other Forex Robots we have investigated, most will cut your account to shreads. Some of the hyped ones are simply re-packaged free EAs, presented as the latest and greatest, but the only money they make is for their vendor. When you find they have problems, there is no support and the vendor has vanished with your money, so where Forex Robots are concerned, be very cautious. Don’t jump in on the latest and greatest, check it out very thouroughly first before hitting the buy button.

If you do buy a Forex Robot, have a look at Forex Tester, and consider running some tests over a much longer period, it could well save your trading account!

Popularity: 18% [?]

This World Banking Holidays Calendar give you all the dates the major Financial Institutions of the world are closed. It also provides links to each of these institutions.

These dates can be significant for International Currency Trading as it gives you the dates when the currency exchange trading can be flat or un-predictable due to certain market makers and/or influencers being closed for trading.

How you work with this information will depend on your trading strategy, but if you are a beginner, knowing these dates will allow you to watch the market and see the influence these holidays can have.

Popularity: 23% [?]

Forex Margin Level Calculator

FX Margin Calculator

Popularity: 41% [?]

With this Forex calculator you can perform foreign exchange calculations using live market exchange rates (all rollover rates are based on the settlement prices of the previous day). The service can help you to compute different parameters like margin requirements, pip value, spread costs, commissions and rollovers.

Popularity: 11% [?]