What is your take on this trading software?
March 30, 2009
Here’s another recent trader inquiry that came in via email.
I have done some research on the Fap Turbo softare.
A friend of mine has purchased the software and began a demo account. He claims he did some trading and lost on most of the trades but he did this over a one week period.
I would like to know your expert opinion on this softare. Thanks.
Sergio
I really can’t help Sergio out here. I know zero about this software. I’m hoping that someone with experience of it can leave her/his comments.
For the record, I’m not a big fan of trading systems and software that give you automated signals, unless those signals come from a trading system you have extensively back tested yourself. I say this not because the systems in question don’t work, but because you don’t know how they work and are thus more likely to quit them when a rough patch comes.
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After reading about the amazing potential for a hands-free money making machine, I enrolled in a trial also, because automated trading systems would fit well with my trading needs. However, after reading a ton of experiences on the discussion board, I quickly realized that very few users seemed to be making a profit. That included one person who previously had been a professional currency trader. Fortunately, it was easy and efficient to receive a refund after opting out.