The growth in the retail forex (foreign exchange) market has been fueled by retail trading platforms (MetaTrader4 from MetaQuotes is an example), which enable private individuals to trade foreign exchange from their PCs. Forex robot systems (example FAP Turbo) work with that platform, and run various autotrading strategies which (hopefully) make some profits for the user.
One point of view holds that if a perfect money making system existed then why would anyone want to sell it to you. This leads to the inexorable conclusion that all forex robot systems must be scams.
Saturday, July 31, 2010
Friday, July 30, 2010
Many people who have experience with Forex automated trading systems such as FAP Turbo may feel that some purchasers have naive expectations about how much money they are going to make. When things don't work as they planned, those purchasers then cry out that the system is just a scam. Those same experts may also feel that much of the marketing buzz around the product is over hyped, with claims that the product will be ideally set up in its out-of-the-box state, and no intelligence, thought or other intervention is required by the user. This article attempts to answer the question: FAP Turbo Scam or Perfect System?