FAP Turbo

Make Over 90% Winning Trades Now!

Friday, January 1, 2010

Getting the Most Profit From FAP Turbo Evolution

By Brendan Wilson

The newest edition to the FAP Turbo range of forex trading robots is called the FAP Turbo Evolution. In a big departure from all previous versions of FAP Turbo the Fap Turbo Evolution Edition was not specifically coded to function on the Metatrader 4 trading platform. It has been entirely rewritten and ported to suit a different platform. The new platform offers incredibly low spreads, thereby making it more profitable for the FAP Turbo evolution trader.

This version of the robot was programmed to trade specifically with the Swiss based forex broker Dukascopy. Dukascopy has long been recognized as one of the premier forex brokerage houses and has an excellent reputation amongst professional forex traders. Their spreads and trade execution are recognized as the best in the business. I am sure that these are the paramount reasons why this robot was ported to trade on their platform. Needless to say this transition to Dukascopy makes the robot potentially more profitable as you can directly benefit from the vastly superior spreads and trade exectution.

As always there is a downside to the switch to Dukascopy. The down side is that you are limited to using just the one broker, so the platform is considerably less flexible from that standpoint. Another downside is that you need to have $10,000 starting capital to open an account with Dukascopy, though if you can put this amount together the advantages to using this platform way outweigh any down side. Unlike a lot of retail forex brokers they do not trade against you or use any of the myriad of tactics sometimes employed by retail forex brokers such as excessive slippage, stop hunting and slowing trade execution. Dukascopy really is the real deal when it comes to forex brokerage and are the choice brokerage house for professional forex traders.

As per the original FAP Turbo the FAP Turbo Evolution utilizes a scalping strategy. That is it looks for frequent small, short term trading opportunities during the Asian session when market volatility is low and the risk and reward ratio is the most advantagious so as to minimize the risk of big market moves going against you and causing catastrophic losses. The FAP Turbo Evolution version trades 3 currency pairs: EUR/GBP, EUR/CHF and USD/CAD. These pairs have proven to offer the best returns for the robot during the designated trading session.

Some traders may baulk at the idea of shifting platforms away from Metatrader4 and may be reluctant to upgrade or take up the offer, but I think that anyone who is serious about making money in forex will invariably move away from retail forex brokers as they join professional traders in using brokerage houses such as Dukascopy.

We know that trading the forex market is a difficult enough without adding in factors such as having your broker trading against you. Going to a professional brokerage house such as Dukascopy can only assist you in the process of trading the forex market successfully. Unfortunately this level of service comes with a higher entry price. - 23229

About the Author:

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home