Fap Turbo – What is it?

August 18, 2011 · Posted in FAP Turbo 

Fap Turbo – it sounds like some quick way to lose weight. For those of you who have never heard of Fap Turbo or don’t know what a forex is, this explanation is for you. Fap Turbo uses automated forex trading robots. Okay, you say, that’s great! What the heck is forex?

Forex is short for foreign exchange. If you have ever travelled to a foreign country, you are probably familiar with exchanging one currency for another. You either went to a bank in the U.S. (or whatever country you are from) and bought currency for the country you were going to visit, or you had to purchase currency within that country. Moreover, you probably noticed that if you went on different days, the rate of exchange was different. What you did was a currency exchange – you traded one form of currency for another.

The foreign exchange is like the stock market of currency markets. Foreign currencies are traded among investors, companies, and brokers. It is the largest financial market in the world, doing over $4 trillion in trades each day and the market never closes. It runs 24 hours a day. The trades are made in pairs – you buy one currency while selling another.

Fap Turbo is a Metatrader 4 expert advisor (EA). Next question – what is a Metatrader 4? A Metatrader 4 is a plug-and-play software-trading platform allows the user to trade and analyze market conditions while in the forex market. It gives the user the ability to print charts, forecast future conditions.

To run Fap Turbo, all you have to do is attach it to a chart and let it run. It does all your trading for you. While you do not need to know anything about Forex trading to use Fap Turbo, you probably should educate yourself.

The program “scalps,” which means that it buys and sells quickly, and extracts anywhere between 2 and 15 pips each session. Pip, what is a pip? A pip, which is the smallest price increment, stands for percentage in point. In the forex market, prices are quoted back to the fourth decimal. So, for example, let’s say you are trading Euros and U.S. dollars. The bid is 1.2895 and the offer is 1.2899. This spread is 4 pips wide.

This program was launched in November 2008 and has been going strong ever since. It utilizes two strategies – a scalper strategy, which was explained above, and a long-term strategy. The scalper strategy trades on 15-minute charts and the long-term strategy trades on a one-minute chart.

It sounds pretty confusing if you have never ventured into the world of foreign exchanged. That’s what makes this program great. You really don’t have to be a trading genius to use this.

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